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How do you remove someone from an LLC in Illinois?

To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests.

How do I change my LLC registered agent in Illinois?

You can easily change your Illinois registered agent online. Illinois has separate online filing portals for LLCs and Corporations. Corporations are charged $77, and LLCs are charged $75. Both fees include an expedite service fee for one-day processing, a service the State is legally required to charge for.

How much does an LLC cost in IL?

Your main cost when starting an LLC in Illinois will be the states LLC registration fee, which is $150. On top of that, youll need to shell out $75 each year to file your Illinois annual report. Youll also have additional expenses to think about, like hiring a registered agent and purchasing business insurance.

Do you have to renew your LLC every year 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.

What happens if you don t renew your LLC in the state of il?

Penalties and Interest Calculations Non-compliance by an LLC If you do not file the annual report at this point, the state will begin the process to administratively dissolve your company and you will receive notice of this immediately after the 60 days previously mentioned have lapsed.

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How do I amend an LLC in Illinois?

You can submit your Articles of Amendment by mail or in person. If youre only changing your entitys name, you can file your amendment onlineunfortunately, any other types of amendments require a paper filing. To file online, go to the Illinois LLC Amendment page and click file at the bottom of the page.

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

How much will it cost to revive an Illinois LLC? The filing fee for the Illinois reinstatement form is $200. Youll also have to pay the filing fee for all missed annual reports and late fees ($100 per late report). Youll also have to pay filing fees if you need to change your LLCs name or registered agent ($50).

Do I need to file an annual report for my LLC in Illinois?

Illinois LLC taxes and fees The following are taxation requirements and ongoing fees for Illinois LLCs: Annual report. Illinois requires LLCs to file an annual report during the 60-day period before the first day of the anniversary month of the incorporation date.

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