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  • Il Upa-908 2014

Get Il Upa-908 2014-2025

N 501 S. Second St., Rm. 357 Springfield, IL 62756 217-524-8008 www.cyberdriveillinois.com Print FILE #: Reset Save This space for use by Secretary of State. SUBMIT IN DUPLICATE Type or Print Clearly. Filing Fee: Payment may be made by check payable to Secretary of State. If check is returned for any reason this filing will be void. Approved: $100.00 1. Name of Entities proposing to merge: Name of Entity Type of Entity (Partnership or LLC) Domestic State or Country Illinois Sec.

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Related content

Section 166.45 Additional Requirements for Forms
6) Form UPA 908 LLP/LLC Statement of Merger (see 805 ILCS 206/908);. 7) Form UPA 1001...
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An LLC offers personal liability protection from any debts or lawsuits filed against the business for all individual members. With an LLP, partners are personally liable, but only for their own negligence. This means that one partners is not held responsible for the actions of another partner.

The state of Illinois has a number of requirements for companies seeking to operate as LLPs. It is necessary to obtain a Federal Employer Identification Number (FEIN) for your company before filing the necessary paperwork with the Illinois Secretary of State, which is typically done after registering an LLP.

Illinois' amended Limited Liability Company Act permits single member LLCs. This feature offers some unique opportunities to the sole proprietor. The big difference is, the LLC is a recognized legal entity for purposes of state law. It provides a liability shield like a corporation, but with far less formality.

(805 ILCS 206/202) Sec. 202. Formation of partnership. (a) Except as otherwise provided in subsection (b), the association of 2 or more persons to carry on as co-owners a business for profit forms a partnership, whether or not the persons intend to form a partnership.

A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence.

Limited liability partnership (LLP) is a type of general partnership where every partner has a limited personal liability for the debts of the partnership. Partners will not be liable for the tortious damages of other partners but potentially for the contractual debts depending on the state.

An Illinois limited liability partnership is like a general partnership in that both business entity forms require more than one owner, but unlike a general partnership, a limited liability partnership offers all of the owners of the business limited personal liability for certain business debts.

How to Form an Illinois Limited Liability Partnership (LLP) Choose a Business Name. ... Fill Out an Assumed Business Name Certificate to Register Your Business Name. ... A Partnership Agreement Should Be Drafted and Signed. ... Obtain the Necessary Licenses, Permits, and Zoning Clearances.

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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