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How do I set up an LLC in Illinois?

Lower Startup Costs Illinois doesnt have a bunch of additional filing requirements like an initial report or publication certificate, either. Annual fees are pretty affordable, too. Every LLC will need to file an annual report, which costs just $75. From there, annual compliance fees vary.

How much does LLC cost in Illinois?

Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees.

How long does it take to get an LLC in Illinois?

State LLC Costs: Overview State:Filing Fee:Annual Fee: California 75$ 800$ Colorado 50$ 10$ Connecticut 120$ 80$ Delaware 110$ 300$47 more rows

How much to start an LLC in Illinois?

Illinois State Income Tax If youre filing under either default LLC or S-corp status, youll pay individual income tax in Illinois which is a flat 4.95%. This means whether you earn $100 or $100,000 in income from your LLC, youll pay the same rate.