Illinois llc merger form 2025

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File proper change of ownership paperwork in Illinois If you sell your entire LLC, paperwork must be filed with the Secretary of State using form CBS-1 within 10 days of the sale. Partial ownership transfers will be recorded on the LLCs next annual report.
While the exact process of merging may vary from state to state, heres how it typically works. Step 1: Create a Plan of Merger. Step 2: Approve the Merger. Step 3: File a Statement of Merger. Step 4: Dissolve Original LLCs and Register New LLC.
What is IL LLC-35.15? IL LLC-35.15 is a form used in Illinois for reporting the information of a limited liability company (LLC) to the Illinois Secretary of State.
Either enter into a joint venture arrangement with appropriate written agreements, and have each LLC deal with each individual business aspect as appropriate (maybe the JV operates out of the offices of one LLC, but the contracts with third party vendors and suppliers is with the other LLC, etc.), OR form a new
Dissolving Your LLC in Illinois Step 1: Vote to dissolve the LLC. The first part of voluntary dissolution is making the decision official with a formal vote. Step 2: Wind up all business affairs. Step 3: Notify creditors and claimants. Step 4: Notify tax agencies and settle taxes. Step 5: File a Statement of Termination.
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Can you use your LLC for multiple businesses? Yes. Another way to structure multiple businesses under one LLC is to set up a holding company. Under this option, you would create separate LLCs for each new business venture and hold them under your primary LLC.

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