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Assumed name certificate illinois

Assumed name certificate illinois 2025

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The document is a notification form for the cancellation or dissolution of a business in Cook County, Illinois. It requires the full name of the business, the date of dissolution, and the location of the business. The form must be signed by all owners and notarized, along with a payment of $1.50 to the Cook County Clerk.

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Do I need a DBA for my LLC in Illinois?

A DBA does not protect your personal assets, so in the event of a lawsuit against your business, your personal bank accounts, car, or home could be at risk.

What is the difference between a DBA and an LLC in Illinois?

DBA vs LLC in Illinois While your business assets are still at risk, your personal assets (home, car, savings) are not. With an LLC, youll have liability protection whether or not you adopt a DBA. A sole proprietor, on the other hand, has no liability protection with or without a DBA.

Is it better to have a DBA or LLC?

Illinois requires that all sole proprietorships, general partnerships, corporations, limited liability companies (LLCs), limited partnerships (LPs), limited liability partnerships (LLPs), or out-of-state companies that regularly transact business in Illinois under a name different from their legal name, must file a DBA

What is the difference between assumed name and DBA?

An assumed business name, also called a DBA (doing business as) name, is used by an entity that is conducting business under a name that is not its legal name.

How much does it cost to file for a DBA in Illinois?

In Illinois, a DBA is known as an assumed name and must be filed with a county clerk. This state has unique filing fee requirements: For years ending in 0 or 5, the fee is $150. For years ending in 1 or 6, the fee is $120.

how to get a copy of assumed name certificate illinois

Assumed name certificate illinois template How to get a copy of assumed name Certificate Illinois Assumed name certificate Cook County Assumed name certificate illinois form Illinois DBA Registration Search Assumed name certificate illinois online Assumed name certificate illinois cost How to add a DBA to an LLC in Illinois

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Is an assumed name certificate required in Illinois?

Illinois law requires that individuals conducting or transacting a business under any name other than the real names of the owners must file an Assumed Name Certificate with the County Clerk in the county in which the business is located.

What are the disadvantages of a DBA?

Lack of tax benefits: A DBA is not a corporation, so merely filing a DBA that is not part of a corporate umbrella like an LLC will not give you any special tax benefits. If you are only doing business as a DBA, any money your business makes passes through to your individual tax return and is taxed ingly.

Assumed name certificate illinois 2025

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Do I need a DBA for my LLC in Illinois?

What is the difference between a DBA and an LLC in Illinois?

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What is the difference between assumed name and DBA?

How much does it cost to file for a DBA in Illinois?

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Is an assumed name certificate required in Illinois?

What are the disadvantages of a DBA?

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