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A Guide for Organizing Domestic Limited ... - Illinois Secretary of State

A Guide for Organizing Domestic Limited ... - Illinois Secretary of State 2025

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The document is a comprehensive guide provided by the Illinois Secretary of State to assist individuals in forming a limited liability company (LLC) in Illinois. It outlines the process for filing Articles of Organization, details necessary legal obligations, and provides information on associated fees and government agencies to contact. The guide emphasizes the importance of consulting with an attorney for specific legal advice and includes sections on drafting the Articles, managing the LLC, and understanding unique types such as Series LLCs and low-profit LLCs (L3Cs). Additionally, it covers filing procedures, potential issues that may arise during submission, and ongoing compliance requirements.

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How to maintain an LLC in Illinois?

The Basics of Maintaining Your LLC Annual Report: Required filing in Illinois to keep your LLC in good standing. Articles of Organization: Updating of your LLC information in Illinois. Operating Agreement: Legal document outlining the internal rules and procedures of a Limited Liability Company.

How to setup an LLC in Illinois?

3:02 4:12 First go to apps. Ilsos.gov to access the states online filing. System next enter your proposed.MoreFirst go to apps. Ilsos.gov to access the states online filing. System next enter your proposed. LLC. Name step three enter your business. Address step four enter your registered. Agents.

How much does it cost to start LLC in Illinois?

As mentioned above, the initial fee for filing an LLC in Illinois is $150, with an annual $75 renewal fee. Sole proprietorships and general partnerships are not required to register, so there is no registration cost.

Should I hire an attorney to set up an LLC?

There is no legal requirement to hire an attorney to form an LLC. Most states allow LLC formation by registering the business entity on your secretary of states website and with the Internal Revenue Service (IRS). LLCs provide advantages over sole proprietorships and general partnerships.

What is needed to start an LLC in Illinois?

Like a corporation, the LLC is a separate entity from its owners. Forming an LLC does not require the use of a lawyer. You can form an LLC by filing Articles of Organization with your Secretary of States office or relevant department.

Do I need a lawyer to start an LLC in Illinois?

Do you need to hire a lawyer to start an LLC in Illinois? No, you dont need to. Many small businesses form LLCs on their own.

What is a domestic LLC in Illinois?

foreign LLCs. Lets take a look at domestic vs. foreign LLCs. While a domestic LLC is an entity that conducts business in the state where it was established, a foreign LLC refers to one that has business activities in other states aside from the one where it was originally formed.

A Guide for Organizing Domestic Limited ... - Illinois Secretary of State 2025

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