Management Company Names In Illinois
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FAQ
Most states require an LLC designation be included in the name of a company that's registered as an LLC. The designations vary from state to state, but generally include phrases or abbreviations such as "Limited Liability Company," "Limited Liability Co." "LLC," and "Limited."
Business Name: The LLC name shall be the name under which the LLC shall transact business in Illinois unless the LLC elects to adopt one or more assumed LLC names.
How do I check to see if a Corporation/LLC name is available? The Illinois Secretary of State Department of Business Services provides a database at where you can do a preliminary search. LLC's - 217-524-8008. Be prepared with alternative names.
You should always put the LLC's name on contracts and not your own because that helps prove the LLC is a separate business structure. Failing to do this can make it tough to tell between you and your business entity. It can ultimately compromise your LLC's corporate veil.
Business Name: The LLC name shall be the name under which the LLC shall transact business in Illinois unless the LLC elects to adopt one or more assumed LLC names.
It's also perfectly legal to open a business without setting up any formal structure. You'll gain simplicity but miss out on some key protections. Here's a look at the risks and benefits of starting a business without an LLC.
All 50 states require LLC business names to include a specific designator reflecting its legal status as an LLC.
Your business's name must end with the words “Limited Liability Company” or the abbreviations “LLC” or “L.L.C.” You can even opt to abbreviate the words “Limited” and “Company” as “Ltd.” and “Co.” Most people just stick with “LLC”. Let's say you want to call your business the ABC limited liability company.
Distinguishable: The Illinois Limited Liability Company Act provides that you may choose any name so long as it is distinguishable from: (1) any domestic or foreign limited liability company name or assumed LLC name; (2) any domes- tic or foreign corporate name or assumed corporate name; or (3) a name that is currently ...
Pick a naming structure for each series ing to Illinois law, each series LLC name must begin with the full name of the parent LLC. After that, you can decide what to name each one on your own. Generally, it's a good idea to have a structured approach that makes it easy to keep each series straight.
