Step 1: Select a business structure You must select a business structure before you register your business. A sole proprietorship, partnership, LLC, or corporation are your options. Research each structure thoroughly before choosing one because each has pros and problems of its own.
Step 2: Pick a company name. Make sure the name you choose is not in use by another company in Illinois. The Business Services section of the Illinois Secretary of State’s website allows you to determine whether a name is available.
The third step is to file the articles of incorporation with the Illinois Secretary of State’s office if you are forming a corporation. Articles of Organization must be filed if you’re founding an LLC. These documents can be submitted online or by mail.
Step 4: Obtain the relevant licenses and permits – Depending on your line of work, you might need to apply for state or local licenses and permits. Using the Illinois Business Portal, you can determine the prerequisites for your company.
You can really distribute your articles of incorporation. Your Articles of Incorporation become public information once they are submitted to the Illinois Secretary of State’s office. By going to the Secretary of State’s website, anyone can access them.
Where Can I Find My Association’s Articles? Articles of Organization must be filed in place of Articles of Incorporation if you’re creating an LLC. Once they are submitted, your Articles of Organization will be accessible on the Business Services page of the Illinois Secretary of State’s website. How Do You Incorporate, Anyway?
Articles of Incorporation must be submitted to the Illinois Secretary of State’s office in order to incorporate in Illinois. These documents can be submitted online or by mail. Additionally, you will need to select a business name, a legal structure, and any required licenses and permissions. Then, in Illinois, how long does it take to approve an LLC?
In Illinois, processing an LLC normally takes 10 to 15 business days. But processing times can change based on how many applications the Secretary of State’s office receives. You can pay for accelerated processing if you need your LLC approved more quickly.
Conclusion: Careful planning and adherence to state laws are required when opening a business in Illinois. By carrying out the aforementioned steps, you can confidently register your firm with the state of Illinois and embark on your entrepreneurial path.
The filing charge for forming an LLC in Illinois is $150; there is also a fee if you want the procedure to be completed more quickly.