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- To form an LLC in Illinois, you must file Form LLC-5.5, or the Articles of Organization, with the Secretary of State’s Department of Business Services. You could choose to make the formation effective on the filing date or at a later time, as long as it does not exceed 60 days. You can complete the entire process online.
www.forbes.com › advisor › businessHow To Start An LLC In Illinois (2024 Guide) – Forbes Advisor
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Search Businesses Search for a business entity, reserve a name, print a Certificate of Good Standing, and more. File an Annual Report File an annual report for a Corporation, Not-for-Profit, or Limited Liability Company online. Incorporate a business or terminate an LLC File documents to register a business or terminate an LLC.
- Step 1. Select Your LLC Name
- Step 2. Hire A Registered Agent
- Step 3. Submit Illinois Articles of Organization
Illinois requires your LLC name to be distinguishable from every other LLC or corporation name registered or reserved in the state. To avoid having your formation paperwork rejected, be sure to research business name availability using the Department of Business Services search engine. It is also possible to reach out by phone regarding LLC name av...
Illinois requires you to appoint a registered agent to receive legal documents on behalf of your business. An agent can be an Illinois resident or a company authorized to do business in Illinois. The agent must have a street address in the state, known as the registered office. You or one of your employees can act as a registered agent as long as y...
To form an LLC in Illinois, you must file Form LLC-5.5, or the Articles of Organization, with the Secretary of State’s Department of Business Services. You could choose to make the formation effective on the filing date or at a later time, as long as it does not exceed 60 days. You can complete the entire process online. Otherwise, submit all docum...
Dear Illinois Entrepreneur, The Illinois Department of Commerce & Economic Opportunity is pleased to provide this Starting Your Business in Illinois Handbook to help you create, operate, or expand your business. Starting and owning a business can be exciting and frightening.
The first thing you will need to do to form an LLC is to complete your Articles of Organization. Then file them with the Secretary of State. Forms can be found on the Illinois Secretary of State website . The Illinois Secretary of State also has a detailed guide for organizing an Illinois LLC.
Fact-Checked. When starting your business in Illinois, you can choose to form a limited liability company (LLC). An LLC is a business structure that combines the limited liability of a corporation with the flexibility and lack of formalities provided by a partnership or sole proprietorship.
- If you are just starting your business or have already been operating as a sole proprietor, you should consider forming an LLC. LLCs limit an owner...
- It is important to make sure that your LLC's name is distinguishable from the names of other existing businesses on file with the Illinois Secretar...
- The Illinois Secretary of State charges $150 to file the Articles of Organization. You can reserve your LLC name with the Illinois Secretary of Sta...
- Illinois does not require LLCs to have operating agreements, but it is highly advisable to have one. An operating agreement will help protect your...
- Depending on its type of business and where it is located, your LLC may need to obtain other local and state business licenses. For local licenses,...
- In some cases, for example if you will be selling goods and collecting sales tax or if you have employees, you’ll need to register with the Illinoi...
- To do business in Illinois, all LLCs organized outside of the state must register with the Illinois Secretary of State. Foreign LLCs must appoint a...
- For most formation purposes, a Illinois single-member LLC is considered the same as a multi-member LLC. The steps to form a single-member LLC in Il...
- If you provide a licensed professional service in Illinois and want to form an LLC, you will be required to form a professional limited liability c...
- If you reach the point where it is time to close your business and cease all operations, then you will want to properly dissolve your LLC to limit...
To organize online, the LLC must meet the following requirements: Not be formed in another state or jurisdiction; and. Not be required to use a specific purpose or provisions. Limited Liability Company Name. The name must be unique. Check the name availability to ensure this. The name must include one of the following: Limited Liability Company;
