How To Get Llc For Business – Get quick and easy services to register your Illinois LLC company online quickly and accurately starting at $0 plus government fees.
Ready to start your business as a Limited Liability Company (LLC)? Illinois is a great place for this. With its large population, best universities and vibrant culture, this state offers many opportunities for aspiring entrepreneurs.
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To form an Illinois Limited Liability Company, you need to follow certain steps. And if you want to get LLC liability protection while avoiding costly penalties or delays, you need to follow these steps carefully and properly.
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However, the thought of trying to start a business may be more appealing to you than hearing someone say the name of your state as “Illinois.”
Along the way, we’ll also explore how our services can handle much of this process for you and help reduce red tape. That way, you can focus on what you do best: running your business.
To form an LLC, you need to register your business with the Illinois Secretary of State. This includes the filing of formative documents known as Articles of Association. But before you can file these founding documents, you’ll need to name your business and appoint a registered agent.
After you file your Articles of Association, you will also need to create an LLC Operating Agreement. Finally, you’ll get an EIN and get set up with the Internal Revenue Service (IRS).
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Below, we’ll show you how to open an LLC in Illinois by following five key steps. We’ll also provide lots of useful information to help you succeed in your new business.
Please note that this guide is for a local LLC that was formed in the same state in which you reside. A foreign LLC is an LLC established in another country. To register a foreign LLC in Illinois, you need to apply and follow a separate process for admission to practice business.
The first step is to name your Illinois LLC. Your company name gives potential customers and investors the first impression of your brand. Be sure to choose the image you want to project and a name you want to use for a long time.
In addition to choosing a name that works well for your brand, you also need to follow Illinois LLC naming rules and regulations.
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According to Illinois state law, an LLC’s name must contain one of the following designations (separate and distinct from any other words or abbreviations):
Note that, unlike most states, Illinois does not allow the use of the abbreviation “Limited” in LLC company names. or “who”.
Your LLC name also cannot be a name that resembles a corporation or limited partnership. This means that the words “Corporation”, “Company”, “Corporation”, “Incorporated”, “Inc.”, “Limited Liability Partnership”, or “LP” are not allowed in your company name.
Your company name must be different from any other company registered with the Secretary of State of Illinois. Use our Illinois Legal Entity Finder page to search online and see if your desired company name is available. (Note: In Illinois, the name of a dissolved LLC cannot be used by another entity for three years from the date the notice of dissolution is issued.)
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The name of your Illinois LLC cannot include words or phrases that suggest it is a government agency or organized for the purpose of:
Finally, using any words that could be considered offensive in the name of an Illinois LLC is prohibited. Additional naming guidance is available from the Secretary of State’s Department of Business Services.
Got the perfect business name but not quite ready to open an LLC? Instead, you can reserve your name for up to 90 days. That way, no one can take it until you’re ready to formally form.
To reserve your Illinois business name, you must fill out Form LLC-1.15. Or you can use our company name reservation service and we will do it for you quickly and easily.
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A large part of managing a successful brand today is available online. That’s why it’s a good idea to make sure the desired name is also available as a URL.
For example, if your first company name is not available as a domain name, but your second name is, this may affect your decision. Do you need inspiration or want to check domain name availability? Use our domain name search tool.
Note. You can also check available social media handles that match your desired business name and grab it before someone else does.
If you want to do business under an alias other than your official company name, you’ll need an Illinois company name. The names of the proposed companies must also be registered with the Secretary of State.
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An intended company name is often used when an LLC wants to do things like sell/launch a new product line or open a store without creating an entirely new business unit.
Note. Fictitious company names are also known as doing business on behalf (DBA) names, fictitious company names, or out-of-state business names.
If the Secretary of State’s database shows that the desired LLC name is available, that doesn’t mean you can use it. Trademarks can be registered at both the state and federal levels.
That is why it is also recommended to apply to the US Patent and Trademark Office. Using the website’s search engine, you can check whether the name you want is already registered as a trademark at the federal level.
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All LLCs in Illinois must have a registered agent. A registered agent is a person or entity that receives important legal notices on behalf of your business.
Legally, you can act as the registered agent of your LLC, but there are several reasons why this might not be the best idea. There are only two difficulties involved:
Many LLC owners choose to use the services of a professional registered agent. Benefits of registered agent services like ours include:
Professional service can go a long way in giving you peace of mind and more freedom to focus on running your business. Use the services of our registered agent in Illinois to get your LLC organized and state compliant.
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If your registered agent office address is not available, you may incur the wrath of the state. The absence of a registered agent can result in the mandatory dissolution of your LLC.
Not having a reliable registered agent address on file will also result in you not being notified that your business is being sued or sued.
This is why acting as your own registered agent or asking a friend or family member to do so can be risky.
To avoid problems with your registered agent address, many business owners choose to use the services of professional registered agents. When you sign up for our registered agent service, our registered agent partners are always available to receive important legal, tax and other notifications from the state on behalf of your LLC.
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Using our services will not only help you comply with Illinois registered agent requirements, but also help you avoid the embarrassment of receiving legal notices in front of others.
Finally, our registered agent services will help you place the order. When you receive notifications, we notify you immediately so that you can process them as you wish (by viewing, downloading or printing at any time).
The next step is to file the Articles of Association. The Illinois Articles of Association (Form LLC-5.5) is the incorporation document that formally registers your LLC. To form an LLC, you must submit these documents to the Secretary of the Illinois Department of Business Services, Division of Limited Liability and pay an incorporation fee ($150 at the time of this writing). You can submit your Articles of Association by mail, in person, or by completing an online application.
Illinois requires that all bylaws be submitted in duplicate and that all responses be typed or typed in black ink.
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An LLC can be formed by one or more organizers. The organizer can be a person over 18 years of age or a legal entity. Everyone acting as organizer must sign the Articles of Association. The names of each organizer should also be typed or printed in the appropriate section.
If the organizer is a business entity, the specific name of the business must be indicated, as well as the typed or printed name and signature of the natural person acting on behalf of the entity.
It usually takes about 10 days for the Secretary of State to process and approve an Illinois charter. However, you can expedite your paperwork for 24/7 service (excluding weekends and holidays) for an additional charge.
You need to file Articles of Association only once. But if you need to make changes later (such as changing your registered agent’s address), you’ll need to file an LLC Articles of Association.
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If you need to file an amendment, we have an amendment service that can do that for you as well. Our worry-free compliance service also includes filing every two amendments
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