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Name of Series Must contain the entire name of the Limited Liability Company and be distinguishable from other names in the Series. 4. With the filing of this document n the existence of the Series shall begin* n the name of the Series shall be changed to n the Member or Manager information for the Series is different from the Limited Liability Company. n this Series shall be dissolved* Printed by authority of the State of Illinois. May 2012 1 LLC 38. 4 5. Complete only if Member or Manager i ...

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How much does it cost for LLC in Illinois?

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.

How much does it cost to start a business in Illinois?

Plan for your expenses. The fee for an LLC is slightly higher than other states. Forming an LLC costs $500 and a $250 annual fee. The fee for a corporation varies, but is usually $125 to start and $100 annually.

Does Illinois require a specific purpose for an LLC?

The Illinois Limited Liability Company Act permits Illinois LLCs registered with the Office of the Secretary of State to be formed for any lawful purpose.

How do I amend articles of incorporation in Illinois?

You amend the articles of your Illinois Corporation by submitting in duplicate the BCA 10.30, Articles of Amendment form by mail or in person along with the filing fee to the Illinois Secretary of State.

How do I change the registered agent for my LLC in Illinois?

To change your registered agent in Illinois, you must complete and file a Statement of Change of Registered Agent form with the Illinois Secretary of State. The Illinois Statement of Change of Registered Agent must be submitted by mail or in person and costs $25 to file.

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Does a Series LLC need its own EIN in Illinois?

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.

How much does it cost to create an LLC?

State filing fees The Articles of Organization is the legal document that establishes your business in your state. LLC filing fees will vary from state to state, but are typically between $40 and $500.

How do I create an LLC in Illinois?

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.

How do I remove a manager from my LLC in Illinois?

The only way a member of an LLC may be removed is by submitting a written notice of withdrawal unless the articles of organization or the operating agreement for the LLC in question details a procedure for members to vote out others.

What do I need to know about an LLC in Illinois?

LLCs have fewer compliance requirements than corporations. LLC earnings aren't subject to double taxation in the way that C-corporation income is. LLCs can choose to be taxed as a pass-through entity or corporation. Illinois LLCs pay a lower personal property replacement tax than corporations.

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