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The Illinois Secretary of State website keeps a registry of Illinois business entities that exist or have dissolved through the corporation division. The database is free to use and makes it easy to find existing businesses or see if a business name may be available.
Only business entities that are active can have a good standing status, so a business that has been voluntarily terminated will also show not in good standing because it is no longer active. The status can be returned to Good Standing by addressing the manner in which the business is out of compliance.
How to Form a Corporation in Illinois Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.
Illinois LLC State and Federal Tax Requirements By default, the IRS taxes single-member LLCs as sole proprietorships and it taxes multi-member LLCs as partnerships. LLCs can elect to be taxed as C-corporations, and some LLCs can be taxed as S-corporations.
The two most common reasons for not being issued a certificate of good standing are that the business failed to pay some fee or tax, or failed to file some type of document.
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The two most common reasons for not being issued a certificate of good standing are that the business failed to pay some fee or tax, or failed to file some type of document.
How long does it take to incorporate in Illinois? Regular processing of articles of incorporation takes about four weeks, plus an additional two or three days to mail the final documents. Regular filing time for an LLC (limited liability company) is between seven and ten business days.
To reinstate a corporation, you must file BCA 12.45, Application for Reinstatement, in duplicate with the Secretary of States office. You also must file Annual Reports for the years that were not filed. For more information, please call 217-785-5782.
Check with the State Business Department This incorporated company search can typically be found on the State Department or Secretary of State sites.
A Limited Liability Company (LLC) is an entity created by state statute. Depending on elections made by the LLC and the number of members, the IRS will treat an LLC either as a corporation, partnership, or as part of the owners tax return (a disregarded entity).

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