Home Services Acquisition Attorney in Illinois

By Alex Lubyansky Managing Partner Last updated September 23, 2026

Acquisition Stars advises buyers and sellers on home services acquisition attorney matters across Illinois.

Serving clients across Illinois.

Home Services Acquisition Attorney Practice in Illinois

Acquisition Stars advises buyers and sellers on home services acquisition attorney matters across Illinois. Alex Lubyansky leads every engagement, and has been M&A counsel since 2013 across transactions of varying complexity, from lower-middle-market deals to multi-party structures.

Illinois Transaction Considerations

Illinois's Freedom to Work Act imposes detailed procedural requirements (14-day review period, written advisement to consult counsel) that must be evaluated when assessing a target company's non-compete portfolio
Chicago imposes its own transaction taxes and licensing requirements that can affect M&A deal costs for businesses operating in the city
Illinois does not allow combined unitary reporting, which means buyers need to evaluate each entity in a target group separately for state tax purposes

Discuss Your Illinois Transaction

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Illinois Legal Framework for Home Services M&A Legal Services

Non-Compete Agreements

Restricted by salary threshold ($75,000+). Mandatory 14-day review period.

Restricted by the Illinois Freedom to Work Act (effective January 1, 2022). Non-compete agreements are prohibited for employees earning $75,000 or less annually (threshold increases by $5,000 every five years). Non-solicitation agreements are prohibited for employees earning $45,000 or less. Employers must advise employees to consult an attorney before signing, with a 14-day review period. The sale-of-business exception is preserved.

Tax Considerations

According to the Illinois Department of Revenue, corporations other than S corporations pay 7% income tax plus 2.5% replacement tax, a combined 9.5% before other adjustments. S corporations and partnerships have different treatment. Review entity classification, apportionment and reporting obligations before comparing transaction structures.

Filing Requirements

Entity mergers and conversions are filed with the Illinois Secretary of State, Business Services Department. Bulk asset purchases require notification to the Department of Revenue and obtaining Form ST-4 clearance. The Illinois Securities Department may need to be notified for certain stock transactions.

Bulk Sales / Asset Purchases

Illinois has repealed UCC Article 6 (Bulk Sales). However, the Illinois Department of Revenue can impose successor liability on asset purchasers for the seller's unpaid sales, use, and withholding taxes under 35 ILCS 120/5j. Buyers must obtain a tax clearance letter (Form ST-4) before closing.

Other M&A and Securities Services in Illinois

Acquisition Stars handles M&A transactions for Illinois clients and works with securities counsel on securities matters. Alex Lubyansky leads every M&A engagement.

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Ready to Discuss Your Illinois Deal?

Alex Lubyansky leads every home services m&a legal services engagement, with an associate supporting the work.

M&A counsel since 2013. Nationwide practice. LOI through closing.

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We review every transaction inquiry within one business day.