How to Start An Llc In Illinois is the question that almost every small business owner asks. Illinois has some of the very strict rules and regulations regarding how to start an LLC. The rules include how the business should be registered, the filing of its Articles of Organization, the payment of its registration fees, and the disbursement of its operating funds. It may also require that the LLC is registered with the Office of the Secretary of State. To help you understand how to start an llc in illinois, we have outlined the steps required.
First, pick a name for your business. Choose a name that will reflect well on your business and help customers remember it easily. It is best if you select a name reflecting one of your key products or services. If you are changing the name of your business for any reason, you should renew your registration with the Secretary of State before you proceed. Remember, the filing fees for an LLC in IL are non-refundable.
Second, register your business. To do this, visit the Clerk of the Circuit Court in your county or state and follow the instructions that he/she provides. In order to register a business name, you must first file an Application for Certificate of Registration of Business Name and then pay a fee for having your Application approved. You will also need to pay a $200 filing fee. In some counties/states, you will also be required to pay a fingerprint fee when filing.
How to Start an LLC in Illinois - Getting Your Business Off the Ground
Next, you need to file your Articles of Organization. An LLC in Illinois has different Articles of Organization than a sole proprietorship or a corporation. Each type requires that you follow a specific format, so be sure to follow the rules closely. Your Articles of Organization should include the name of your LLC, its contact information, date of dissolution, and its duration. If you file electronically, include the contact information of your accountant and attorney, as well as the date of birth of the LLC.
Filing your Articles of Organization does not actually accomplish how to start an LLC in Illinois, because you must formally register your business with the Illinois Secretary of State. If you have already filed your Articles of Organization, the process is much easier. Simply contact the Secretary of State's Office and ask for your Registration number. You will need it to file your Articles of Organization. Make sure that you file everything exactly as the rules require, including the attachments and the authorization seal.
Finally, you must formally submit your Articles of Organization to the Secretary of State. To do this, visit the Clerk of the Circuit Court in your county or state and file your paperwork there. In order to make sure that everything is filed properly, request a printed copy of your Articles of Organization, which you should provide to the clerk personally. You can also call the office and speak to a person about your registration, but this process can take several days. Once your paperwork is filed, you'll officially become registered as an LLC in Illinois.
As you know, how to start an LLC in Illinois is not a difficult task. The hard part comes after you've started it. Since an LLC is a separate entity from your personal life, you have to make sure that your other businesses are named appropriately. In order to do this properly, consult with your accountant and attorney to ensure that you comply with all of the tax and legal requirements. If you are not sure what these requirements are, they are included on the Articles of Organization of your LLC.
You don't have to wait until your business is up and running before learning how to start an LLC in Illinois. In fact, you can start the process as soon as you have your business license, or even before if you are so inclined. Whatever you decide to do, making sure that you are properly prepared to open up an LLC will ensure that you aren't at a loss should your first business fail.
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