First, decide on a name for your LLC. Your name must be different from the names of other firms that have previously been registered in Illinois and must include the words “Limited Liability Company” or an abbreviation like “LLC” or “L.L.C.” 2. Designate a registered agent. It’s critical to select a registered agent who can be trusted to accept and promptly forward legal documents and other crucial mail on behalf of your LLC. This person will be tasked with receiving these documents on behalf of your LLC. Either you or a reputable registered agent service can be named as the registered agent for your LLC.
3. Save the articles of incorporation. You must submit articles of incorporation to the Illinois Secretary of State in order to officially register your LLC with the state of Illinois. The filing fee is presently $150, and you can submit electronically or by mail. The name, registered agent, and business address of your LLC should all be listed in your articles of establishment. 4. Acquire the required licenses and permits. You could require extra licenses and permits to run your LLC in Illinois depending on your business operations and location. To find out what licenses and permissions you might require, contact the Illinois Department of Revenue or the county clerk’s office in your area.
Once your LLC is established, you must renew it annually to keep your legal standing. The cost to renew your LLC is presently $75 and can be done online through the Illinois Secretary of State’s website. How Long Does It Take in Illinois to Form an LLC?
The Secretary of State’s office’s workload and the method of filing affect how quickly LLC filings are processed in Illinois. Most LLC files are processed within two weeks, and online filings are often processed quicker than paper filings. If I Have an LLC, Do I Need a Business License?
Even if you are an LLC, you still might need to obtain an Illinois business license. You could require extra licenses and permits to lawfully run an LLC depending on your business operations and location. To find out what licenses and permissions you might require, be sure to contact the Illinois Department of Revenue or the county clerk’s office in your area.
In Illinois, you may designate yourself as your LLC’s registered agent. However, bear in mind that in order to receive official correspondence and other crucial material on behalf of your LLC, your registered agent must have a physical address in Illinois and be accessible throughout regular business hours. You might wish to think about using a registered agent service if you are unable to meet these standards.