Welcome to
Murray Gilford & Associates, Inc.
Welcome to the Business Formation Center, of Murray Gilford & Associates, Inc. The Business Formation Center, of Murray Gilford & Associates, Inc, was formed on February 4, 2011 to provide African American/Black entrepreneurs, who wish to incorporate a business, in Illinois, with the expertise required to facilitate the process.
The Center is not an anonymous, here today, gone tomorrow, A-to-Z online business formation service headquartered over seas. The Center has a brick and mortar address and we specialize in forming small (fewer than 50 employees), Illinois–based, For–Profit S Corporations, under the Illinois Business Corporation Act of 1983, within the meaning of Subchapter S of the U.S. Internal Revenue Code and Not–For Profit Corporations, under the Illinois General Not–For Profit Act of 1986, within the meaning of Section 501C3 of the U.S. Internal Revenue Code, exclusively. All services are expedited under a written contractual agreement and our fees are reasonable and commensurate, with the invaluable, personalized service we provide.
The Center's Immediate Goal
The Center's immediate goal is to incorporate two-thousand, African American/Black–owned small business entities (each with an average of five employees), in Illinois. The target date set to reach this goal is August 1, 2013. To keep you informed of our progress, the name of each new corporation formed, along with the date of incorporation and the name of the incorporator(s) will be published on this site.
Message to potential African American/Black Entrepreneurs
In 1985, there were thirty-six (36) African American/Black-owned banks in the U.S. Today, there are less than twenty–seven (source: National Bankers Association, formerly the Negro Bankers Association). Three of which (Highland Community Bank, Illinois Service Federal S&L Association and Seaway National Bank), are located in Chicago. In 2000, when unemployment in African American/Black communities hovered at 20 percent, African Americans/Blacks had $550 billion dollars, in disposable income. Since 2000, the disposable income, of African Americans/Blacks has risen to an astounding $1.2 trillion dollars (41.8 billion dollars in Illinois alone!). If African Americans/Blacks were an independent country, our disposable income would rival Canada’s $1.3 trillion dollars (source: CIA–The World Factbook). Yet, in spite of the tremendous collective wealth, in some areas of the U.S., unemployment among African Americans/Blacks is as high as fifty percent! The reason for this phenomenon is pretty obvious. African Americans/Blacks, unlike other self-sufficient ethnic groups, in this country do not own their own business entities. Even more ignominious, African Americans/Blacks do not patronize existing African American/Black-owned business entities (African American/Black-owned banks manage less than 5% of the $1.2 trillion dollars, of our disposable income!). So today, if you are an African American/Black, with or without a college degree and find yourself under–employed (scooping up the droppings, of Ms. Daisy’s French Poodle in Grant Park), or worse, unemployed, it is not because of hard economic times. You are under–employed or unemployed because African Americans/Blacks, who are thirteen percent of the U.S. population, own only four percent of the 27.1 million business enterprises in the U.S. Like it or not, whether in good or bad economic times, ethnic groups tend to employ their own. And these ethnic groups, unlike African Americans/Blacks understand how important it is, to patronize their own business entities.
African Americans/Blacks, who are primarily consumers, are the only ethnic group in the country, who go out of their way, to enrich others. This asinine mind set and self-defeating behavior must end! African Americans/Blacks have both the creative intellect and obviously, the financial resources required, to incorporate their own business entities. If African Americans/Blacks do not have enough self–respect to invest in themselves and in each other, no one else will. Nor should they be expected to!
1330 Webford Avenue ▪ Des Plaines, IL 60016 ▪ PHONE 847–849–6218
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Murray Gilford
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For additional information or to schedule a no–cost private consultation or group presentation, contact us by phone at 847–849–6218 or by fax, 847–824–8630.
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