Steps To Forming An Llc In Illinois

Foreign llcs doing business in illinois.

Steps to forming an llc in illinois. Choosing your business name is the first step in forming an llc. Cash is not accepted for filings with the secretary of state s office. You will use form llc 5 5 for this process. An llc formed in another state or jurisdiction cannot use this application.

This can either be a resident of illinois or a commercial registered agent service and must have a physical address in the state to act as a point of contact to receive legal documents tax notices summons subpoenas etc on behalf of the llc. Limited liability company. Forming an llc in illinois is easy. However just as in any other state there are some specific steps and details to keep in mind when forming an illinois llc.

One of the most important steps of this process is choosing a name for your company. To form an illinois llc you will need to file the articles of organization with the illinois secretary of state which costs 150 you can apply online or by mail. Your name must include the phrase limited liability company or one of its abbreviations llc or l l c. Naming requirements illinois llc name search.

Forming a limited liability company llc in the state of illinois is both easy and affordable. The filing fee is 75. The articles of organization is the legal document that officially creates your illinois limited liability company. For more information please contact the department of business services limited liability division at 217 524 8008 ext.

In general you will need to observe these guidelines. Every state has its own rules about what kinds of names are allowed for llcs. Filing a report late more than 60 days after due date incurs an additional 100 penalty. Make checks payable to the illinois secretary of state.

To have an llc in illinois a registered agent must be identified. A limited liability company llc is the non corporate form of doing business that provides its owners with limited liability flow through tax treatment and operating flexibility through participation in management of the business. Choose a name for your llc. Steps to forming an illinois llc step 1.

This application is used to create an illinois limited liability company. The llc is well suited for every type of business venture except banking and. The report can be filed online or by mail with form llc 50 1. For more information on illinois llc annual reports see nolo s article illinois llc annual filing requirements.

All forms and fees must be filed with the secretary of state department of business services. The first step in forming a llc is to draft its articles of organization which outline the initial information required to form the company under state law. In addition to forming your illinois llc you will need to check for business licenses and permits in illinois.