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  • Illinois Limited Liability Company Application 481 Form

Get Illinois Limited Liability Company Application 481 Form

6 Real Estate Licensing 800/ 560-6420 Important Notice: Completion of this form is necessary to accomplish the requirements outlined in the Illinois Real Estate License Act of 2000 225 ILCS 454 . Disclosure of this information is REQUIRED. Failure to comply may result in this form not being processed. This form has been approved by the Agency Forms Coordinator. INSTRUCTIONS FOR FILING A LIMITED LIABILITY COMPANY APPLICATION Do not use this application if you are setting up a Corporation for In.

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Illinois does not require an operating agreement in order to form an LLC, but executing one is highly advisable.

An LLC that is required to use a specific purpose or particular provisions must submit paper form LLC 5.5. This application is used to create an Illinois Limited Liability Company. An LLC formed in another state or jurisdiction cannot use this application.

The "purpose clause" is the statement of the character of the business objectives of a limited liability company. The Illinois Limited Liability Company Act permits Illinois LLCs registered with the Office of the Secretary of State to be formed for any lawful purpose.

You will need to complete ILSOS form (LLC 45.5 ‐ Application for Admission to Transact Business). You will then need to upload a filed copy of LLC 45.5 to your online application on the IDFPR website.

An Illinois single-member LLC operating agreement is a legal document that is created for a sole proprietor (single owner) to establish policies, procedures, and ownership within the agreement between the owner and the document proper.

What Should be Included in an Operating Agreement? Names, addresses, and titles of each member. Ownership percentages. Member rights and responsibilities. Responsibility, liability, and powers of members and/or managers. Profit and loss distribution. Buying and selling rules. Dissolution instructions. Meeting guidelines.

It costs $150 to start an Illinois LLC. This is a one-time filing fee for the LLC Articles of Organization. There are no other required filing fees to create your business entity with the state. Some LLCs may need a business license in Illinois.

Because an Illinois operating agreement is an internal document, it does not need to be filed with the state. However, Illinois statute 805 ILCS 180/1-40 requires your LLC to keep any current operating agreement you have on file at your place of business or in another location specified in your operating agreement.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232