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The Department of Business Services is an administrative filing agency. We cannot provide any legal, accounting, or tax advice. Eligibility. 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.
Business Entity Search. Overview. The Department of Business Services database includes information on the following types of business entities: Corporations, Not-for-Profit Corporations, Limited Partnerships, Limited Liability Companies, and Limited Liability Partnerships. The database is available to the public for individual searches only.
Illinois Business Information. Links to information and resources for starting, running, expanding, relocating, or closing a business. SOS. Corporate & Limited Liability Company (LLC) Name Search.
- Popularity of LLCs
- Can You Really Get An LLC For free?
- What Businesses Are Best Suited For LLCs?
- How Long Does The Illinois LLC Process take?
- How Will You Find Out If Your LLC Is accepted?
- Overview For Starting An Illinois LLC
- Name Your Illinois LLC
- First Steps For Getting An LLC Name
- Choose Your Registered Agent
- Prepare and File Articles of Organization
LLCs continue to be a popular option for small business owners. According to the Internal Revenue Service (IRS), limited liability companies (LLCs) in the U.S. accounted for the majority (71.7%) of all partnership returns for 2021. This is the 20thconsecutive year that LLCs surpassed the number of partnership returns filed, the IRS reports. LLCs we...
There are a lot of claims online that you can get an LLC for free. Technically, you can get an LLC for free by doing the LLC paperwork to create a limited liability company yourself. However, the state registration fee in Illinois is $150. To maintain the LLC, Illinois law requires an annual fee of $75. There's no getting around these state require...
Traditionally, finance, real estate, and insurance make up the largest sector of partnerships in general. However, the LLC business structurecan be a good choice for medium- or higher-risk businesses, owners with significant personal assets they want protected, and owners who want to pay a lower tax rate than they would with a corporation, accordin...
These are the Illinois LLC processing times. Illinois LLC by mail: Seven to 14 business days (plus mail time) Expedited—24 hours ($100 extra) Illinois LLC online: Five to 10 business days Expedited—24 hours ($100 extra)
You will receive your filing confirmation via email, according to the Illinois Department of Business Services. Your confirmation will be sent once the document is examined and approved by the Department of Business Services.
Name your Illinois LLCChoose your registered agentPrepare and file articles of organizationReceive a certificate from the stateNaming your LLC is the first step in the formation of an LLC in Illinois. Before you fall in love with a special business name, do a business name searchon the state of Illinois' name search engine to determine its availability. The state does have some restrictions regarding a business name. It must include the following: Limited Liability Company...
Once you land on a preferred LLC name during your search, it's important to understand that it does not guarantee that the name will be available at a later date. The Illinois Department of Business Services reserves final determination of availability until a name reservation, articles of organization, or an assumed name application is filed. What...
A registered agent is a person or company authorized to receive service of process and other official legal documents and notices on behalf of your LLC. In other words, a registered agent will be the main contact person for documents sent from the state of Illinois relating to the Illinois LLC. If you are sued or subpoenaed, for example, a register...
Every small business owner will need to file LLC articles of organization. You can find the form onlineor request one. The LLC articles of organizationmay sound a little foreboding, but it's actually a simple, fill-in-the-blank document that lists the purpose of the business for the Illinois Secretary of State. The purpose can be described in gener...
Apr 10, 2024 · Here are a few resources for forming your business in Illinois: How To Start A Business In Illinois; How To Change An LLC Address; How To Change A Sole Proprietorship To An LLC In 6...
- What are the different types of LLCs to set up?When determining how to start an LLC, there are several types of LLCs to choose from. Knowing the LLC structures available is essential for selecti...
- What are some advantages of forming an LLC in Illinois?Forming an Illinois LLC is a popular choice for business owners looking to protect themselves and their co-owners from liability attributed to the...
- How much does it cost to get an LLC in Illinois?Forming an LLC in Illinois costs $150. Submit the filing fee and your Articles of Organization to the Secretary of State.
- How do I reinstate my LLC in Illinois?To reinstate a limited liability company that has been administratively dissolved or revoked, both domestic and foreign companies must submit an ap...
- How long does it take to get an LLC in Illinois?You should receive a response to your electronic LLC application within about 10 days. Mail applications may take significantly longer to process....
- How can I add a DBA to an Illinois LLC?The Illinois Secretary of State registers DBAs for corporations and limited liability companies, while county clerks register DBAs for sole proprie...
- How can I add a member to my Illinois LLC?Follow the procedures in your operating agreement to add an LLC member. If you don’t have an operating agreement, follow the Illinois LLC laws. If...
- How do I dissolve an LLC in Illinois?To dissolve or terminate your domestic Illinois LLC, you must submit the form LLC-35.15, Statement of Termination, to the Illinois Secretary of Sta...
A limited liability company (LLC) is a type of business entity. It helps protect your personal assets from your business liabilities. Forming an LLC requires fewer formal steps than a corporation. It may also be easier for you to maintain. The first thing you will need to do to form an LLC is to complete your Articles of Organization.
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