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How much does it cost to get an LLC in Illinois?

FeeLLC 50.1Limited Liability Company Annual Report$75LLC 50.25LLC Request Form for Certificate of Good Standing and/or Copies of DocumentsLWCA 1.36Illinois Limited Worker Cooperative Association Act Statement of Change of Registered Agent and/or Registered Office$2547 more rows

Do LLCs pay taxes in Illinois?

The LLC has no Illinois income tax filing requirements.

How long does it take for an LLC to be approved in Illinois?

Illinois LLC Approval Times Mail filings: In total, mail filing approvals for Illinois LLCs take 3-4 weeks. This accounts for the 10-15 business day processing time, plus the time your documents are in the mail. Online filings: In total, online filing approvals for Illinois LLCs take 7-10 business days.

How much is annual report for LLC in Illinois?

After you form an LLC in Illinois, you must file an Annual Report and pay a $75 fee every year. You need to file your Annual Report in order to keep your Illinois LLC in compliance and in good standing with the Illinois Secretary of State.

Do you have to pay for LLC Every year in Illinois?

Illinois-based LLCs are required to file an Annual Report every year. The filing fee for your annual report is $75, and there is a $100 fee if it is not filed within 60 days of its due date.

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Who needs to file Illinois annual report?

The annual report must be filed by an officer of the corporation who is listed in the reports section for officers. A maximum six officers and six directors may be entered via the web form. The registered agent and/or registered office cannot be changed via an electronically filed annual report.

How do I set up a limited liability company in Illinois?

To form an LLC in Illinois, you must file Form LLC-5.5, or the Articles of Organization, with the Secretary of States Department of Business Services. You could choose to make the formation effective on the filing date or at a later time, as long as it does not exceed 60 days. The filing fee is $150.

Do you have to pay for LLC Every year in Illinois?

Illinois-based LLCs are required to file an Annual Report every year. The filing fee for your annual report is $75, and there is a $100 fee if it is not filed within 60 days of its due date.

How do I know if my LLC has been approved in Illinois?

The Illinois Secretary of State Department of Business Services provides a database at where you can do a preliminary search. LLCs - 217-524-8008.

What happens if you dont file annual report for LLC in Illinois?

Penalty. An annual report not filed within 60 days of the due date requires payment of the late filing penalty mandated by Section 50-15 of the Limited Liability Company Act.

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How much does it cost to get an LLC in Illinois?

Do LLCs pay taxes in Illinois?

How long does it take for an LLC to be approved in Illinois?

How much is annual report for LLC in Illinois?

Do you have to pay for LLC Every year in Illinois?

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Who needs to file Illinois annual report?

How do I set up a limited liability company in Illinois?

Do you have to pay for LLC Every year in Illinois?

How do I know if my LLC has been approved in Illinois?

What happens if you dont file annual report for LLC in Illinois?

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Get the up-to-date A Guide for Organizing Domestic Limited Liability Companies in Illnois Spanish 2024 now

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How to rapidly redact A Guide for Organizing Domestic Limited Liability Companies in Illnois Spanish online

See more A Guide for Organizing Domestic Limited Liability Companies in Illnois Spanish versions

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Got questions?

How much does it cost to get an LLC in Illinois?

Do LLCs pay taxes in Illinois?

How long does it take for an LLC to be approved in Illinois?

How much is annual report for LLC in Illinois?

Do you have to pay for LLC Every year in Illinois?

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People also ask

Who needs to file Illinois annual report?

How do I set up a limited liability company in Illinois?

Do you have to pay for LLC Every year in Illinois?

How do I know if my LLC has been approved in Illinois?

What happens if you dont file annual report for LLC in Illinois?

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