What is the yearly cost of an LLC in Illinois?

All Illinois LLCs need to pay $75 per year for the Annual Report. These state fees are paid to the Secretary of State. And this is the only state-required annual fee. You have to pay your Annual Reports every year to keep your LLC in good standing.

How long does it take for an LLC to be approved in Illinois?

Mail filings: In total, mail filing approvals for Illinois LLCs take 3-4 weeks. This accounts for the 7-14 business day processing time, plus the time your documents are in the mail. Online filings: In total, online filing approvals for Illinois LLCs take 5-10 business days.

What is the il filing fee for an LLC?

Form NumberForm NameFeeLLC 50.1Limited Liability Company Annual Report$75LLC 50.25LLC Request Form for Certificate of Good Standing and/or Copies of DocumentsLWCA 1.36Illinois Limited Worker Cooperative Association Act Statement of Change of Registered Agent and/or Registered Office$2547 more rows

What is a Series LLC in Illinois?

Series LLCs 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.

Do I need to renew my LLC every year in Illinois?

After you form an LLC in Illinois, you must file an Annual Report and pay a $75 fee every year. You need to file your Annual Report in order to keep your Illinois LLC in compliance and in good standing with the Illinois Secretary of State.

How often do you have to renew your LLC in Illinois?

Filing an Illinois LLC Annual Report. After you form an LLC in Illinois, you must file an Annual Report and pay a $75 fee every year. You need to file your Annual Report in order to keep your Illinois LLC in compliance and in good standing with the Illinois Secretary of State.

How do I maintain an LLC in Illinois?

The LLC is required to file an Annual Report with the Secretary of State to maintain its existence. The report is due each year prior to the first day of the month in which the company was organized.

How long does an LLC last in Illinois?

You may register online, or by mail by filing an Application to Adopt, Change, Cancel, or Renew an Assumed Name (Form LLC-1.20). The registration is good for up to five years. The filing fee ranges from $30 to $150 per year.

Get IL LLC-45.5(S) 2010-2024

Ded for in the operating agreement, the debts, liabilities and obligations incurred, contracted for, or otherwise existing with respect to a particular series of the Limited Liability Company are enforceable against the assets of such series only, and not against the assets of the Limited Liability Company generally or any other series thereof; and none of the debts, liabilities, obligations and expenses incurred, contracted for, or otherwise existing with respect to the Limited Liability Compan.

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