Reserving a name for an LLC costs $300, but reserving a name for a corporation costs just $50. in some states) will be filed with a state … Most entrepreneurs struggle with these questions and more before deciding to start an LLC business in Illinois. For example a roofer working on a roof faces much higher risks than an accountant sitting in an office behind a desk. Share it with your network! Filing fees vary from county to county, but paperwork alone may cost between $300-$500. The cost of your policy will depend on coverage and a number of other factors like the size, nature and location of your business, and the materials you use. LLC registrants are required to complete and submit Articles of Organization with the Secretary of State Department of Business Services. Complete all information on the Application for a Professional Limited Liability Company registration. Illinois LLC Taxes. You don't have to enlist the services of an attorney unless you want to. You can form an LLC in the state at a relatively low cost if you select only required services and don't need a rush on anything. Some startup costs are mandatory when forming an LLC, but others are optional. And while it costs $100 to dissolve an LLC, it costs just $5 to dissolve a corporation. Chicago Office 100 West Randolph, 9th Floor Chicago, IL 60601 Springfield Office 320 West Washington, 3rd Floor Springfield, IL 62786 You'll also pay professional service fees if you decide to consult with an accountant or attorney regarding the formation of an LLC. A limited-liability company ("LLC") is commonly referred to as a "hybrid" business structure, meaning that it shares characteristics of both a corporation and a sole proprietorship. You get the advantages and protections of larger Illinois corporations but with much simpler rules and regulations. Hire a professional to form your LLC in Illinois: Northwest ($39 + state fee) or LegalZoom ($149 + state fee) ★ Check out Northwest vs LegalZoom. Briefly, the benefits of starting an Illinois LLC … The table below shows LLC annual fees by state. Expedited services have fees attached, and these are in addition to the regular filing fees and franchise tax. $100 per corporation; $250 per LLC; $250 per Series LLC plus $50 per cell As you can see, if you have 2 businesses the Series LLC is already more cost … 2 General Information Instructions: 1. Illinois EIN number is free and doesn’t cost you anything. This database is provided to the public for "individual searches only". This form does not create a limited liability company. Illinois LLC names may be followed by several approved designations, including: L.L.C., LLC or Limited Liability Company. As … This is the organization to whom limited liability companies and foreign limited liability companies must submit the $800 Annual Tax. The cost of your Illinois general liability insurance coverage is determined by various factors. To make creating your business as inexpensive as possible, be sure to only pay for required filings and services. Illinois charges a franchise tax when a business is incorporated. Was this document helpful? $100 per corporation; $250 per LLC; $250 per Series LLC plus $50 per cell As you can see, if you have 2 businesses the Series LLC is already more cost-effective from a Secretary of State perspective than filing 2 LLCs. Also, if you have children you will have to take parenting classes, which may add fees. Schedule REG-1-MR, Illinois Cigarette Manufacturer's Representative, Schedule REG-1-O, Owner and Officer Information, Schedule REG-1-R, Responsible Party Information, and ; Schedule REG-1-T, Telecommunications Tax Location Information. Filing entities must meet all naming and formation … How much will it cost me to start an LLC in Illinois? We clearly display the LLC formation cost, including our pricing and applicable state/county filing fees. We’ll walk you through the main costs below, so you have an accurate idea of how much you’ll need to spend upfront. • Payment methods: If filing by mail, the state doesn’t accept personal checks. GP0|#879621d7-6ffb-4ea5-b9bf-0cc94098074a;L0|#0879621d7-6ffb-4ea5-b9bf-0cc94098074a|SOS;GTSet|#21807e74-47bf … Illinois LLC annual fees are $75. Forming an LLC in Illinois. ; Or, you can use our free Form an LLC guide to do it yourself. $500 per LLC; $750 per Series LLC plus $50 per cell Secretary of State Cost for Annual Fees. When it comes to determining how much a Limited Liability Company LLC costs, be sure that there are 2 costs to consider: Formation costs; Ongoing annual costs; The formation cost of an LLC consists of business name registration fees, state filing fees, and services fees. The benefits of an LLC have made it a popular structure for many small businesses. 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