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  • Certificate Of Designation Illinois

Get Certificate Of Designation Illinois

LLC37.40PrintIllinois Limited Liability Company ActForm July 2017 Secretary of State Department of Business Services Limited Liability Division 501 S. Second St., Rm. 351 Springfield, IL 62756 2175248008 www.cyberdriveillinois.comResetFILE.

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Obtain a Certificate of Good Standing For corporations only, you also may purchase a Certificate of Good Standing by calling 217-782-6875. Payment may be made by Visa, MasterCard, Discover or American Express.

Illinois is one of only a few states that permits the organization of a type of limited liability company commonly referred to as a "Series LLC." Such a company has the ability to create within itself separate "series" or "cells" that have their own inter- ests, liabilities and members.

Drawbacks of Series LLC's Each LLC in the series must have its own bank account and, since each is producing separate financial statements, each must have separate accounting. If there are several LLCs in the series, this can be a big administrative issue.

How much does it cost to start an Illinois Series LLC? The Illinois Secretary of State charges $400 to file Series LLC's Articles of Organization, and you can pay an additional $100 for expedited processing.

EIN. Both the Master as well as each series will also need its own tax ID number or EIN. Each series will have a Certificate of Designation. The Master LLC will also need an Operating Agreement and you will have to determine whether each series will need its own operating agreement.

A Certificate of Existence can be requested for LP, LLP, and LLLP entities in Illinois. You can order by fax, mail, phone, in person or online, but we recommend online. Online orders are processed immediately. Normal processing takes up to 10 business days, plus additional time for mailing, and costs $25.

If you want to make sure your assets have good, solid protection, it's a much better idea to avoid corporate structures that don't provide reliable protection. Avoid series LLCs as a form of protection until a definitive case law is established and rely instead on known, tested entities such as individual LLCs.

What is an Illinois Certificate of Good Standing? In Illinois, CGSs are issued by the Office of the Illinois Secretary of State. This legal document states that your business entity exists, that it's allowed to conduct business in Illinois, and, most of all, that it's in compliance with state regulations.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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