How Much Does a Series LLC Cost in Illinois?

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How much does a series LLC cost in Illinois?
The standard filing fee for an Illinois LLC Annual Report is $75.00. For a Series LLC with active series, that $75.00 fee is increased by $50.00 for each established series. This reduced fee of $50.00 provides another benefit to organizing as a Series LLC.
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You might think about creating a series LLC if you want to launch a business in Illinois. A series LLC is a special kind of limited liability company that enables the formation of numerous “series” or subsidiary corporations under a single parent corporation. Within the LLC, each series may operate separately from the other series and may have its own business name, assets, and obligations.

The cost of establishing a series LLC in Illinois varies depending on a number of elements, such as the filing fees, legal fees, and any other expenses related to establishing each series. Here is a breakdown of the fees involved in incorporating an Illinois series LLC. Filing Charges

You must submit Articles of Organization to the Illinois Secretary of State in order to establish a new series LLC in that state. Articles of Organization must be filed for $150. There is a $5 convenience fee in addition if you opt to file online.

Additionally, a separate Certificate of Designation must be submitted to the Secretary of State for each additional series under the LLC. A Certificate of Designation must be filed for $50 per series. Legal fees are

While it is feasible to create an LLC on your own, it is typically advised that you enlist the help of an experienced lawyer. Depending on how complicated your corporate structure is and how many series you intend to construct, the legal costs involved in forming a series LLC in Illinois can change. Fees for Registered Agents

Every LLC in Illinois must have a registered agent. A person or business appointed as the LLC’s legal document receiver is known as a registered agent. The registered agent must be readily accessible during regular business hours and have a physical address in Illinois.

Depending on the supplier and degree of service, the cost to use a registered agent service might run anywhere from $50 to $300 annually.

a statement of good standing

A Certificate of Good Standing is a document that attests to the fact that your LLC is legitimately in operation in Illinois and that it complies with all applicable laws. When requesting loans or other forms of financing, banks, lenders, or other organizations could need this document.

In Illinois, a Certificate of Good Standing costs $25. Through the website of the Illinois Secretary of State, you can make a request for this document online.

Conclusion: Depending on the intricacy of your corporate structure and the number of series you intend to establish, the cost of establishing a series LLC in Illinois can vary. However, you can better prepare yourself and set aside money for it if you are aware of the numerous fees and expenditures involved in creating a series LLC. To make sure that your series LLC is established correctly and in accordance with all state rules, keep in mind to consult with a certified attorney and registered agent service.

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