Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of the first stockholder's meeting.
Corporation First Meeting For Project In Illinois
State:
Multi-State
Control #:
US-0016-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
To start a corporation in Illinois, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Department of Business Services.
Steps to forming a corporation Select a state of incorporation. Choose a business name. File incorporation paperwork. Appoint a registered agent. Prepare corporate bylaws. Draft a shareholders' agreement. Hold the first board meeting. Get an EIN.
Corporate bylaws are legally required in Illinois. Illinois statute §805 ILCS 5/2.20 requires that bylaws be adopted either by shareholders at the first shareholder meeting or by directors at the initial director meeting.
Yes, a single member LLC can form an S Corp. This structure is popular among solo entrepreneurs who want to benefit from the tax advantages of an S Corporation and the liability protection of an LLC.
Illinois LLC Processing Times Normal LLC processing time:Expedited LLC: Illinois LLC by mail: 7-14 business days (plus mail time) 24 hours ($100 extra) Illinois LLC online: 5-10 business days 24 hours ($100 extra)
Most state laws require that corporations establish company bylaws. Bylaws ensure consistent and agreed-upon voting and decision-making procedures and are particularly important should an officer or director leave the company.
Start Your Corporate Bylaws StateBylaws Required? Alaska No Arizona Yes Arkansas Yes California No47 more rows
