Steven A. Migala
I am one of the shareholders of Lavelle Law, Ltd. and am an experienced business attorney practicing in the following areas:

1. Corporate / M&A: I counsel business organizations in all stages of their life cycle, from start-up issues, contract negotiation and documentation, assets and equity sales/purchases, and mergers and joint ventures.

2. Banking: I represent banks and borrowers in commercial lending and workout matters, including negotiating and documenting a variety of loans and forbearance agreements, as well as handling foreclosures and other collection actions.

3. Real Property: I represent sellers, buyers, landlords, and tenants with acquisitions, dispositions and leasing of real estate, as well as with related municipal zoning matters.

4. Estate Planning: I assist business owners with their succession planning and exit strategy, as well as their estate plans, probate, and trust administration.

Education

  • J.D., magna cum laude, University of Illinois College of Law 
  • B.S., summa cum laude, Bradley University, Finance

    Bar Certifications

    • Admitted to the Bar of the Illinois Supreme Court
    • Admitted to U.S. District Court, Northern District of Illinois

      Bar Association Memberships

       

      • Illinois State Bar Association
      • Chicago Bar Association, Former Chair of the Corporation and Business Law Committee

       

      Awards and Recognition

      • 2016 Businessperson of the Year, Streamwood Chamber of Commerce

        Publications

        • Featured contributor to the Crain’s Chicago Business Roundtable, M&A Trends, August 17, 2020
        • Author of “Banking and Business Monthly,” a series of articles that examine current banking and business topics. (If you would like to receive the e-newsletter, please email me at smigala@lavellelaw.com) 
        • I.R.C. § 6050I & The Attorney-Client Privilege: The Misplaced Emphasis on Incrimination Over Confidentiality, 1996 U. ILL. L. REV. 509 (1996), reprinted in THE MONTHLY DIGEST OF TAX ARTICLES (Sept. 1996) at 28, and cited in 152 A.L.R. FED. 459 (1999).

        Media

        Exit Planning for Business Owners, 2014 Good Morning Schaumburg Presentation, Schaumburg Business Association

        Mr. Migala is a contributor to our podcast series “Chicago’s Legal Latte” which can be found on BlogTalk Radio  http://www.blogtalkradio.com/lavellelaw

        Expert Witness

        Steve served as an expert witness on a Cook County Illinois case involving fraud, breach of contract and breach of fiduciary duty claims, assisting his client in obtaining a successful jury verdict awarding significant punitive damages.

        Community Involvement

        Mr. Migala serves on the Planning and Zoning Commission in the City of Elgin and is a member of the Board of Directors for the Elgin Area Chamber of Commerce. Steve previously served as a Commissioner on the Village of Streamwood's Planning and Zoning Board. He is a former President of the Chicago Area Bradley Alumni Chapter.

        Read My Posts

        Lavelle Law News and Events

        SCOTUS Resolves Circuit Split on FLSA Exemption Standard

        Banking and Business – February 2025

        By Steven A. Migala • February 5, 2025
        The Fair Labor Standards Act (FLSA) establishes federal minimum wage and overtime pay requirements, with exemptions for employees in bona fide executive, administrative, professional, computer or outside sales roles. 29 U.S.C. § 213. Employees classified as "outside sales" must primarily engage in making sales or obtaining contracts for services or the use of facilities, and they must conduct their work primarily away from their employer’s place of business. 29 C.F.R. § 541.500.
        Mortgage Foreclosure Law Amendments Enable Online Judicial Sales

        Banking and Business Monthly – December 2024

        By Steven A. Migala • December 16, 2024
        Public Act 103-930 amends the Illinois Mortgage Foreclosure Law (IMFL) to authorize online judicial sales of foreclosed properties, establish standards for such sales and online bidders, and prohibit certain related fees. The Public Act changes Section 15-1507 of the Illinois Code of Civil Procedure and adds Sections 15-1507.2 and 15-1510.1, effective January 1, 2025. 735 ILCS 5/15-1507, 15-1507.2, 15-1510.1.
        Corporate Transparency Act Redux

        Banking and Business Monthly – November 2024

        By Steven A. Migala • November 25, 2024
        Corporate Transparency Act Redux - Back in October of last year, I wrote about the Federal Corporate Transparency Act (“CTA”), 31 U.S.C. § 5336, and its obligations for Reporting Companies (as defined thereunder). Since then, we helped many Reporting Companies complete and file their BOI Reports.
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