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Start Your Illinois Business Registration Now Step 1: Choose an Illinois Entity Type. Step 2: Find the Name for Your Business. Step 3: Register Illinois DBA, LLC, or Corporation. Step 4: Apply for an Employer ID (EIN) Step 5: Open a Business Bank Account and Establish Credit. Step 6: Apply for Illinois Licenses and Permits.
To incorporate online, the Corporation must meet the following requirements: The name must be unique. Check the name availability to ensure this. The name must include one of the following words or abbreviations: Corporation or Corp. Company or Co. Incorporated or Inc.
Specific Rules for Illinois Business Names The name of a corporation or foreign corporation must contain: Shall contain, separate and apart from any other word or abbreviation in such name, the word "corporation", "company", "incorporated", or "limited", or an abbreviation of one of such words.
If you own a limited liability company (LLC) or a corporation, you can change your business name in Illinois by filing Articles of Amendment. Filing Articles of Amendment is a necessary step to changing your corporation's or LLC's name because it's part of keeping your business legally compliant.
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.
States generally require that the legal name of your LLC or corporation include certain words indicating your business structure. Corporations: A corporation's name typically must include words like Corporation, Incorporated, Company, or Limited; or abbreviations, like Corp., Inc., Co., or Ltd.
A legal entity is any business organization that is legally permitted to enter into a contract, including a contract for the purchase, sale, or lease of real property. Legal entity interests may be owned individually, owned by another legal entity, or held in trust.
If you decide you would like to reserve a corporate name, you will need to complete and submit a Name Reservation form. Alternatively, a preliminary check of corporate name availability may continue to be conducted via telephone by calling 217-782-9521. Proper completion of this form is the customer's responsibility.