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Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.
What is considered a domestic partner in Illinois?
C Corporation vs. The profit distribution in LLCs is not bound by the number of shares held by each member, unlike C Corporations. Additionally, LLCs typically enjoy pass-through taxation, whereas C Corporations are subject to corporate tax rates.
What is a domestic BCA in Illinois?
Payment of fees due in connection with the on-line filing of an Annual Report may only be made by using an electronic fund transfer or a Visa, MasterCard, Discover or American Express credit card. Payment of all fees due is required during the electronic filing process.
What is the difference between an LLC and a C Corp in Illinois?
The BCA 13.15 Foreign Corporation Requirements allow entities domesticated in a State other than Illinois to conduct business in Illinois. Corporations formed in a State other than Illinois are considered Foreign Corporations.
Who needs to file an Illinois annual report?
All Illinois corporations, LLCs, nonprofits, and LPs must file an annual report each year with the Illinois Secretary of State, Department of Business Services. In addition to filing an annual report, every corporation must also pay an annual franchise tax.
domestic bca
Illinois bca1405 pdfIllinois bca1405 annual reportIllinois form BCA 14.05 foreign corporation annual reportIllinois franchise Tax formIllinois franchise tax instructionsIllinois foreign corporation registration onlineIllinois Secretary of State Business SearchApplication for Authority to Transact business in Illinois
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