Illinois Incorporation Questionnaire

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US-ENTREP-0071-1
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"This form addresses important considerations that may effect the legal rights and obligations of the parties during the process of incorporating a business. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney's case evaluation and can significantly reduce costs associated with case preparation.
This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client's needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews."

Illinois Incorporation Questionnaire — Comprehensive Guide for Incorporating in Illinois The Illinois Incorporation Questionnaire is a crucial document that serves as a comprehensive guide for individuals or businesses interested in incorporating in the state of Illinois. This questionnaire contains a series of detailed questions and forms that must be completed to initiate the incorporation process in Illinois. Keywords: Illinois, incorporation, questionnaire, document, comprehensive guide, businesses, incorporating, forms, process Types of Illinois Incorporation Questionnaires: 1. Basic Illinois Incorporation Questionnaire: This type of questionnaire is designed for individuals or businesses seeking a straightforward incorporation process in Illinois. It includes essential questions related to the business name, registered agent, main address, and basic company information. 2. Detailed Illinois Incorporation Questionnaire: More exhaustive than the basic questionnaire, this type dives deeper into various aspects of incorporating in Illinois. It covers critical areas such as ownership structure, board of directors or management structure, stock issuance, and procedural details. 3. Non-Profit Illinois Incorporation Questionnaire: Specifically tailored for non-profit organizations, this questionnaire focuses on unique aspects related to incorporating a non-profit entity in Illinois. It includes questions about the organization's mission, board composition, fundraising activities, and qualifications for tax-exempt status. 4. Professional Service Corporation (PSC) Illinois Incorporation Questionnaire: For professionals such as doctors, lawyers, accountants, or engineers looking to form a professional corporation in Illinois, this questionnaire guides them through the specific requirements and regulations of PSC's. It covers topics such as professional licensing, ownership limitations, and compliance with professional board regulations. 5. Series LLC Illinois Incorporation Questionnaire: Designed for those interested in establishing a Series LLC, a unique type of limited liability company structure available in Illinois, this questionnaire addresses the specific requirements and procedures for setting up a Series LLC. It includes questions related to the number and designation of series, liability separation, and management structure for each series. 6. Foreign Corporation Qualification Questionnaire: This type of questionnaire is intended for out-of-state businesses seeking to expand their operations into Illinois. It focuses on the process of qualifying a foreign corporation in Illinois, including questions about the parent company, registered agent, principal place of business, and compliance with Illinois laws. By providing a comprehensive and tailored approach, the Illinois Incorporation Questionnaire ensures that individuals and businesses meet the necessary requirements and complete the required forms accurately, simplifying the process of incorporating in the state of Illinois.

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To form an Illinois S corp, you'll need to ensure your company has an Illinois formal business structure (LLC or corporation), and then you can elect S corp tax designation. If you've already formed an LLC or corporation, file Form 2553 with the Internal Revenue Service (IRS) to designate S corp taxation status.

How long does it take to incorporate in Illinois? Regular processing of articles of incorporation takes about four weeks, plus an additional two or three days to mail the final documents. Regular filing time for an LLC (limited liability company) is between seven and ten business days.

Forming an Illinois Corporation is Easy Step 1: Create a Name For Your Illinois Corporation. ... Step 2: Choose an Illinois Registered Agent. ... Step 3: Choose Your Illinois Corporation's Initial Directors. ... Step 4: File the State of Illinois Articles of Incorporation. ... Step 5: Get an EIN.

Form an Illinois Corporation: Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account. File State Reports & Taxes.

Form NumberForm NameFeeBCA 2.10Articles of Incorporation$150BCA 2.10(MCA)Articles of Incorporation (Medical Corporation)$150BCA 2.10(2A)Articles of Incorporation (Close Corporation)$150BCA 2.10(PSCA)Articles of Incorporation (Professional Service Corporation)$15042 more rows

Illinois Corporation Incorporation: $150 filing fee + franchise tax ($25 minimum) + optional $100 expedite fee. The expedite fee is required if you file online. Franchise tax is calculated as $1.50 per $1,000 on the paid-in capital represented in this state.

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.

Articles of Incorporation in Illinois ask for: Name. ... Initial Registered Agent's Name, Address, and Mailing Address. ... Purpose (optional) ... Authorized shares. ... Directors (optional) ... Estimated Values (optional) ... Other Provisions (optional) ... Name and address of incorporator(s)

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If expedited service is requested, the Department will review and, if approved, file the Articles of Incorporation within 24 hours of receipt (excluding ... File an Annual Report File an annual report for a Corporation, Not-for-Profit, or Limited Liability Company online. Incorporate a business or terminate an LLC ...Enter the date the Articles of. Incorporation were filed with the Illinois ... The form may be downloaded here. Once complete, please upload a copy for each ... Complete all information on the application for a Professional Service Ccorporation registration. Make sure the application bears the same name that appears on ... Choose a Unique Business Name and Complete a State Business Search · Provide an Official Address for your Corporation · Assign an Registered Agent · File Your ... To form a corporation, file the original and a copy of the articles of incorporation with the Illinois Secretary of State and pay a filing fee. At a minimum ... 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 ... BCA 14.05D Corporate Annual Report is difficult. Each field must be completed when mailing into the State. Online filings have specific requirements. The filing fee for your articles of formation is based on the number of shares the corporation is authorized to issue with an initial minimum of $75 for $75,000 ... Illinois corporation formation requirements from BizFilings. Our Illinois guide provides IL incorporation requirements for your business.

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Illinois Incorporation Questionnaire