Latimer LeVay Fyock, LLCLatimer LeVay Fyock, LLC
Monica  Palermo
Monica  Palermo

Monica Palermo
  • Biography
  • Credentials
  • Experience

Monica is a Partner at Latimer LeVay Fyock LLC. Monica focuses her practice in corporate law and business transactions and works closely with companies and entrepreneurs in a wide array of industries. Monica enjoys working with clients in all stages of their business development, including those in the hospitality, cannabis and hemp-CBD spaces; advising on corporate structuring and planning, application submissions, business licensing, regulatory compliance, private capital raises, alternative finance arrangements, municipal ordinances, and protecting intellectual property rights.

Monica acts as outside general counsel to franchisors, multi-unit restaurant groups, and single-entity owner-operators, assisting with liquor and other regulated business licensing, zoning appeals, franchising documents, employment agreements, mergers & acquisitions, corporate governance, commercial leasing, and contracts.


  • Loyola University Chicago School of Law, 2002
  • The University of Michigan – Ann Arbor, 1999


  • Illinois, 2003
  • U.S. District Court for the Northern District of Illinois, 2003

Professional Affiliations

  • American Bar Association
  • Chicago Bar Association
  • Illinois State Bar Association


Counsels business owners in connection with their formation and corporate development, mergers & acquisitions, growth and securities concerns, partnership disputes, employment matters and commercial transactions.

Advises hospitality groups and franchise owners regarding franchising, zoning, regulatory compliance and corporate governance; state and local liquor licensing and other regulated business licensing, and commercial lease agreements.

Advises entrepreneurs and companies in the cannabis industry in all stages of business development; including corporate structuring and planning, regulatory compliance, new licensing applications, private capital raises, alternative finance arrangements, licensing and protecting intellectual property rights.

Advises clients in the hemp-CBD and tech space navigate regulations governing hemp-derived CBD products and technology transactions, data privacy and policies, website compliance, website governance and regulatory documents.

Advises a wide variety of commercial lending and real estate finance transactions, including land acquisitions, multifamily, condominium, office and retail space.

Facilitates asset and stock transactions, mergers, spinoffs, tender offers, joint ventures and strategic alliances.

Prepares operating agreements, licensing agreements, franchising documents, strategic partnership agreements, and buy-sell agreements.

Prepares bank and alternative financing documents, private placement memorandums and subscription agreements.

Conducts due diligence and executes all relevant agreements necessary to facilitate business acquisitions and investments.