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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.
Generally, a Series LLC is a limited liability company that has separate "mini-LLCs" within the larger entity, each with separate members, managers, assets and liabilities, and business interests. The LLC itself, and not the individual series, is now treated as the legal entity under Illinois law.
Usually, only one tax return is filed for the LLC, to include the net income or loss from each series. However, each series must have its own EIN number and keep separate books and records.
Just follow these eight steps, and you'll be on your way. Name Your Illinois LLC. ... Choose Your Registered Agent. ... Prepare and File Articles of Organization. ... Receive a Certificate From the State. ... Create an Operating Agreement. ... Get an Employer Identification Number. ... Register your LLC with the Illinois Department of Revenue.
Filing costs will vary depending on the state laws but generally range from around $40 to up to $500 . Along with filing the articles of organization, most states require that businesses obtain a business license. Business license costs range from around $50 to $100 in most states.
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Cost to Set Up an LLC in Illinois The filing fee to create a domestic LLC in Illinois is $150. The cost to file a foreign LLC in Illinois is the same as a domestic LLC, $150. After setting up your LLC, you will then need to pay an annual filing fee of $75.
How much does it cost to form an LLC in Illinois? The Illinois Secretary of State charges $150 to file the Articles of Organization. You can reserve your LLC name with the Illinois Secretary of State for $25.
A Series LLC must first file Articles of Organization with the Illinois Secretary of State (Form LLC-5.5(S)) just as a standard LLC does. The only difference is the filing fee ($400 instead of $150) and an additional provision that must be added to the Series Articles of Organization.
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.
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.

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