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How do you qualify a foreign LLC in Illinois?

An Illinois Foreign LLC is an LLC that was formed outside of Illinois but has registered to do business there. Foreign LLCs in Illinois need to register with the Illinois Secretary of State by submitting an Application for Admission to Transact Business and pay a $150 filing fee (add $100 for expedited filing.)

How do you register a foreign LLC in the state of Illinois?

To register your foreign business in Illinois, you must file an Application for Admission to Transact Business with theIllinois Secretary of State (SOS). If you have a typical LLC, you will use Form LLC-45.5. If you have a a so-calledseries LLC (which are not covered here), use Form LLC-45.5(S).

How much does it cost to register a foreign LLC in Illinois?

The cost for registering an Illinois foreign LLC is $150. You can register a foreign LLC in Illinois by filing an Application for Admission to Transact Business (Form LLC-45.5).

Is a certificate of good standing required in Illinois?

Illinois businesses are not legally required to obtain a certificate of good standing. However, your business may choose to get one if you decide to do business outside of Illinois or get a business bank account.

Is a domestic BCA an S Corp?

Businesses that are domestic corporations (C Corps) can elect to become S corporations. But, there are other rules you must follow to convert C Corp to S Corp. To become an S Corporation, you must change your tax year so that it meets one of the following requirements: Ends December 31.

bca form

form bca 13.15 instructions form bca 14.05 due date illinois secretary of state forms application for authority to transact business in illinois domestic bca illinois illinois secretary of state business forms application for authority to transact business in illinois instructions illinois secretary of state business services

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How are foreign LLC taxed in Illinois?

ANNUAL REPORT/ANNUAL FRANCHISE TAX: Each year, begin- ning with the year following issuance of the Authority to Transact Business in Illinois, every foreign corporation must file an Annual Report, along with a $75 filing fee, and pay an annual franchise tax, which is a minimum of $25.

How do I register as a foreign entity in Illinois?

To register a foreign corporation in Illinois, you must file an Illinois Application for Authority with the Illinois Secretary of State, Department of Business Services. You can submit this document by mail or in person. The Application for Authority for a foreign Illinois corporation costs $175 to file.

What is a foreign corporation in Illinois?

DEFINITION. A foreign corporation is a corporation organized under the laws of a state or country other than Illinois.

How do I file a foreign LLC in Illinois?

An Illinois Foreign LLC is an LLC that was formed outside of Illinois but has registered to do business there. Foreign LLCs in Illinois need to register with the Illinois Secretary of State by submitting an Application for Admission to Transact Business and pay a $150 filing fee (add $100 for expedited filing.)

How do you qualify a foreign LLC in Illinois?

An Illinois Foreign LLC is an LLC that was formed outside of Illinois but has registered to do business there. Foreign LLCs in Illinois need to register with the Illinois Secretary of State by submitting an Application for Admission to Transact Business and pay a $150 filing fee (add $100 for expedited filing.)

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