Each state has different requirements for forming a limited liability company (LLC). Whether you are starting a business or incorporating a business already in existence, you'll want to understand the state requirements for LLC formation.
At BizFilings, we clearly outline our fees and the Illinois state fees. When you view our pricing to form an LLC you plainly see:
The LLC name must end with "Limited Liability Company," "LLC" or "L.L.C." Use of dashes in a name often is not approved by the state. The name must be distinguishable from the name of any domestic or foreign LLC authorized to transact business or a name to which exclusive right is, at the time, reserved or registered. Words such as "Bank" or "Trust" and variations thereof require approval from the Department of Banks and Trusts.
The following are Illinois’s requirements for the members/managers of LLCs:
The document required to form an LLC in Illinois is called the Articles of Organization. The information required in the formation document varies by state. The requirements in Illinois include:
Illinois does not allow professionals, such as accountants, attorneys and physicians to form a professional limited liability company (PLLC).
After forming a limited liability company (LLC) , you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability an LLC provides its owner(s). This guide outlines the ongoing requirements for Illinois LLCs.
The following are taxation requirements and ongoing fees for Illinois LLCs:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
The state in which you form your company can provide certain benefits.
Start your business with confidence. We offer various incorporation packages to get your business up and running. Starting from $99 and includes 6 months FREE Registered Agent services.