How to Form a LLC in Illinois

how to form a llc in illinois

This article will talk about many different aspects about forming and setting up a Illinois LLC. Let's get started.

Setting up a LLC in Illinois requires that you follow the State's requirements.  You'll need to select a company name that is not being used by somebody else. This requires checking the Illinois Secretary of State's database

The LLC name must have a corporate ending such as:  LLC, L.L.C., Limited Liability Company.

If you're not ready to incorporate right away, you can reserve a LLC name for up to 90 days for a fee of $25. If you are going to incorporate right away, you don't need to reserve a name. 

Once you're ready to incorporate, you'll need to make some decisions regarding member names on certificates. Illinois requires that managers or members names and business addresses by listed on the certificate. 

Illinois does require a physical office address or a business mailing address. 

You do need to list a company purpose on the certificate of formation and an ending date. Most people will make the duration of the LLC "perpetual". You can include optional provisions as well on the articles of organization.

Illinois charges a one-time setup fee of $100 plus an annual recurring fee of $75. Illinois also requires that an annual report be filed. The annual report is due the first day of the anniversary month of your LLC's formation.

It takes about 15 days for the Illinois Secretary of State to form your LLC and send the required certificate back to you.

This information is brought to you by DBI Global Filings, LLC. We specialize in assisting attorneys, CPAs, management consultants and entrepreneurs form and manage LLCs and corporations in Illinois as well as any other state jurisdiction in the United States. In addition to filing services, we also offer registered agent services, virtual offices, and mail forwarding. For more information, call us 1-800-760-5800 or send an email to: support@dbiglobal.com. 

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