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What are your thoughts on Incorporating vs LLC or /and putting house in Trust to protect us from libaility.
When you talk to your lawyer is the best route to go. In Indiana, LLC works fine when you have no employees.
E and O Insurance is not required in Illinois yet what are your thoughts on this also.
Get it or have the funds to cover yourself when you have to deal with a law suit or a legal dispute. It doesn't matter if you have insurance or not, when people think you did something wrong and they have money, they will sue you.
I'm not sure about IL, but around here, Legal costs can run $125 to $200 per hour depending on who is putting the hours in. Paralegal = $125, Lawyer $175 to $200 per hour.