If you want to form an LLC in Illinois, there are certain forms, requirements and legalities you need to get in place. Below is a rundown of what you’ll need to do, together with details on each form required for your Illinois LLC. Some of these forms you only need to submit once, while others must be filed on a regular basis. You will need to set reminders in your calendar to file forms regularly if you're filing yourself. we also provide an optional, paid service to file your form renewals on your behalf.
The Articles of Organization are the formal documents filed with the Illinois Secretary of State to create your LLC. They are a “charter” and state certain information about your business. Once they are filed with the secretary of state, they legally create your business as an LLC in Illinois. Here’s what’s typically included in the Articles of Organization:
Here at Incfile we automatically create and file your Articles of Organization on your behalf when you form your business with us. There is a fee levied by the secretary of state of Illinois to cover your filing. The fee is currently $500 - $600.
You only need to file your articles once.
Depending on the type of business you’re running, you may need to obtain various business permits or licenses.
Various cities in Illinois have slightly different rules and fees for permits and licenses. Check with your local city administration to see what their rules are. You may need a separate permit or license for each city your Illinois LLC operates in.
Additional Business Permits and Licenses
Depending on the type of business you are running, you may need to get additional permits and licenses from the city, county or state of Illinois. Some of these include:
Learn about these additional permits and licenses. The frequency of how often you need to file permits varies depending on the permit type.
Depending on the type of Illinois business you are running, you may need to get licenses and permits from the federal government and various national agencies. You can find a complete list on the US Small Business Administration website.
You will need to pay licensing and permit fees on a regular basis depending on the type of business you are operating and where you are located. These do vary from city to city and industry to industry. If you don’t want to do the legwork yourself, we provide a complete Business License Research Package that will tell you all of the licenses and permits for your new LLC. It includes:
You will need to file for various different types of tax registration including sales and use tax, re-employment tax and other types of tax. You can find full details on the Illinois Department of Revenue website.
Setting up an LLC is easy, but actively managing one can be more complex. An operating agreement defines how your business works and ensures all the founders, owners, members or managers have a common understanding. An operating agreement normally covers areas including:
You are not required by Illinois state or federal law to have an operating agreement for your LLC, but we recommend one for several reasons. An operating agreement:
Your operating agreement only needs to be created once and will need to be updated if significant changes are needed.
You must file an Annual Report with the Illinois Secretary of State on an annual basis, due each year by the first day of the month in which the LLC was formed. The cost is currently $250 - $300. If you do not file your annual report, your LLC may be dissolved. Here at Incfile, we can file your Annual Report on your behalf.
You may need a “Certificate of Good Standing” for certain business-related services like opening a bank account. You can order one from usfrom us and we will also send you courtesy emails when your compliance due date nears.
Incfile provides a cost-effective service to help you create your Illinois LLC. We guide you through the process and handle most of the administrative steps, such as Filing the Articles of Organization on your behalf. Our basic package also provides a free Registered Agent service for the first year. If you're looking for help to start an LLC, our comprehensive services provide outstanding value.
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|State Fee||State Filing Time||Expedited Filing Time|
|$614||1 Week||1 Business Day|
This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Due Date: Within 60 days immediately preceding first day of anniversary month.
Filing Fee: $300
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