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Get Illinois Llc Act Application For Withdrawal

FormLLC45.40Illinois Limited Liability Company ActJuly 2017Secretary of State Department of Business Services Limited Liability Division 501 S. Second St., Rm. 351 Springfield, IL 62756 2175248008 www.cyberdriveillinois.comPrintResetFILE.

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How to fill out the Illinois LLC Act Application For Withdrawal online

Withdrawing your limited liability company from the state of Illinois requires the completion of the Illinois LLC Act Application For Withdrawal. This guide will help you navigate the process step-by-step, ensuring that you understand each part of the form and can complete it efficiently online.

Follow the steps to successfully complete the application.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Enter the limited liability company name in the designated field. Be sure to list the official name as registered with the state, ensuring accuracy to avoid delays.
  3. In the next field, specify the state or country where the company was originally organized. This information is crucial for identifying the legal standing of your company.
  4. Provide the street address where any legal documents or processes can be sent. This address should be valid and capable of receiving correspondence related to the withdrawal.
  5. Confirm that the company is not transacting business in Illinois. This declaration is necessary as it affects the withdrawal process.
  6. Acknowledge that the company surrenders its admission to transact business in Illinois. This must be clearly stated to finalize your withdrawal.
  7. Revoking the authority of the registered agent in Illinois is required. This step allows the company to consent to have service of process made through the Secretary of State.
  8. In the affirmation section, ensure that a person with the authority to sign completes the statement regarding the accuracy of the application. This section should be signed and dated appropriately.
  9. Fill in the name and title of the signer below the signature line, providing clear details to support the application.
  10. Complete the return address with the name and full address where the confirmation or any correspondence regarding the application can be sent.
  11. Review the entire form for correctness and completeness before submission. Once confirmed, you can proceed to save your changes, download the completed application, print it, or share it as needed.

Complete your documents online with confidence and ensure your withdrawal process is smooth.

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Business Name: The name shall be the name under which the limited liability company shall transact business in Illinois, unless the limited liability company shall also elect to adopt one or more assumed LLC names.

Illinois. Limited Liability Company Act. Application for Withdrawal. SUBMIT IN DUPLICATE. Type or print clearly. Filing Fee: $5 Approved: Payment may be made by check payable to Secretary of State. If check is returned for any reason this filing will be void. This space for use by Secretary of State. FILE #

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.

Forming an LLC in Illinois costs $150. Submit the filing fee and your Articles of Organization to the Secretary of State.

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.

To dissolve/terminate your domestic LLC in Illinois, you must submit the completed form LLC-35-15, Statement of Termination in duplicate to the Illinois Secretary of State by mail or in person along with the filing fee.

You must submit two duplicate copies of the articles of dissolution. The filing fee for the articles is $100. Your filing usually will be processed in a week to 10 days. Expedited processing is available for an additional fee by in-person request in Chicago or Springfield.

Unless an LLC elects to be taxed as a C corporation, all Illinois LLC profits are passed through to the members. The members will pay Illinois and federal income tax, and federal self-employment tax, on their share of the profits, even if they do not actually receive a share of the profits.

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