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How much is the annual report fee for a foreign LLC in Illinois?
All Illinois corporations, LLCs, nonprofits, and LPs must file an annual report each year with the Illinois Secretary of State, Department of Business Services. In addition to filing an annual report, every corporation must also pay an annual franchise tax.
What does domestic BCA mean in Illinois?
Foreign Illinois Corporation Annual Report Requirements: Mail. Agency Fee: $75 annual report fee + franchise tax (varies) An additional $5 fee applies if the entity needs to report changes in issued shares or paid-in capital.
What is a foreign for profit corporation?
A foreign corporation is a corporation which is incorporated or registered under the laws of one state or foreign country and does business in another. In comparison, a domestic corporation is a corporation which is incorporated in the state it is doing business in.
What is an Illinois BCA?
BCA is the acronym for Business Corporation Act of Illinois. When you see BCA Corporation, it means a corporation registered with Illinois pursuant to the Business Corporation Act of 1983, as amended. By-Laws: By-Laws spell out how your company will operate.
What is a foreign qualification in Illinois?
The process of getting your out-of-state business registered legally in Illinois to do business is called foreign qualification. In a nut shell, foreign qualification tells the Illinois Secretary of State you are conducting business in the state.
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The BCA 13.15 Foreign Corporation Requirements allow entities domesticated in a State other than Illinois to conduct business in Illinois. Corporations formed in a State other than Illinois are considered Foreign Corporations.
How much is a foreign LLC in Illinois?
Foreign LLCs in Illinois need to register with the Illinois Secretary of State by submitting an Application for Admission to Transact Business and paying a state filing fee of $150 (add $100 for expedited filing). Northwest can register your foreign LLC in Illinois for just $225 + state fees.
Related links
A Study of Country-Level Factors on Investment Outcomes
by RM Ostberg 2013 Individual stocks in foreign countries offer much more granular levels of portfolio control and management, however this requires the investor to have a stock.
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