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2. Assumed Name This item is only applicable if the company name in item 1 is not available for use in Illinois in which case form LLC-1. 20 must be completed and submitted with this application* 3. Jurisdiction of Organization 4. Date of Organization 5. Period of Duration Enter Perpetual unless there is a date of dissolution provided in the agreement in which case enter that date. 6. Address of the Office required to be maintained in the jurisdiction of its organization or if not required of t ...

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

The annual cost to maintain an LLC in Illinois is $75. Soundly, there are no minimal annual franchise taxes in the state. But you'll still have to pay personal income taxes in the state.

How much does it cost to set up an 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 long does it take to register a company in Illinois?

Please allow 6 to 8 weeks for processing if you complete and mail Form REG-1 to us. If applicable, you will receive your certificate of registration and taxpayer ID (i.e., your \u201ctax\u201d number) in the mail.

Do you have to renew your LLC Every year in Illinois?

In Illinois, an annual report is a regular filing that your LLC must complete every year to update your business information, including: Principal business address.

Does Illinois require annual report for LLC?

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. The annual report fee is $250.

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

Filing an Illinois LLC Annual Report. 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.

How long does it take for an LLC to be approved by the state?

Depending on how fast the state processes business filings, it can generally take between a week to ten business days. In some states, once your intake information is received, the state agency often issues approval for the limited liability company within only three business days.

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 long does it take for an LLC to be approved in Illinois?

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.

Where do I file my annual report in Illinois?

Make all forms of payment payable to "Secretary of State." Mail the fee and completed Annual Report to: Secretary of State Department of Business Services Limited Liability Division, 501 S. 2nd Street, Room 351, Springfield, IL 62756.

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

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