The Illinois Assumed Name Certificate, also known as a DBA (Doing Business As) certificate, is a legal document used by individuals or businesses operating under a name different from their legal name. It allows a business to conduct its operations under an assumed name without forming a separate legal entity. To obtain an Illinois Assumed Name Certificate, the business or individual must file an application with the Office of the County Clerk in the county where they plan to operate under the assumed name. The application typically requires the following information: 1. Business Name: The assumed name under which the business intends to operate. 2. Business Type: The legal entity type of the business, such as a sole proprietorship, partnership, or corporation. 3. Legal Name: The legal name of the individual or business owners. 4. Address: The physical address of the business or individual owners. 5. Notarized Signature: The application must be signed and notarized by all individuals involved in the business. Once the application is approved and filed, the business will receive an Illinois Assumed Name Certificate. This certificate acts as proof that the business is authorized to operate under the assumed name and is required for various purposes, including opening bank accounts, obtaining business licenses, and entering into contracts. In Illinois, there are a few different types of Assumed Name Certificates based on the nature of the business: 1. Sole Proprietorship Assumed Name Certificate: This certificate is used when an individual operates a business under an assumed name as a sole proprietor. 2. Partnership Assumed Name Certificate: This certificate is necessary for partnerships where multiple individuals operate a business under an assumed name. 3. Corporation Assumed Name Certificate: If a corporation wants to conduct business under a name other than its legal name, it needs to file this type of certificate. 4. Limited Liability Company (LLC) Assumed Name Certificate: Similar to corporations, LCS must file this certificate if they want to operate under an assumed name. In conclusion, the Illinois Assumed Name Certificate, also known as a DBA certificate, enables individuals and businesses to operate under a name different from their legal name. Whether it's for a sole proprietorship, partnership, corporation, or LLC, obtaining this certificate is a crucial step toward establishing legal credibility and conducting business activities under an assumed name.
Illinois Assumed Name Certificate
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How to fill out Illinois Assumed Name Certificate?
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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.
The fee for a five-year DBA registration or renewal is $150. The registration fee is prorated if your initial registration will expire in less than five years. For example, if you register a DBA in 2023, it will expire in 2027 and your registration fee will be $90.
The Clerk's office registers business names known as "assumed names" (or DBA) for new businesses in ance with Illinois law. An assumed name is issued to any business entity that uses a name other than the name(s) of the individual(s) who own or operate the business.
The right to use an assumed name is effective from the date the application is filed by the Secretary of State's office until the first day of the company's anniversary month in the next calendar year evenly divisible by five. The assumed name is renewed for a period of five-years.
The filing fee to adopt an assumed name is $150 for each year or part thereof ending in 0 or 5; $120 for each year or part thereof ending in 1 or 6; $90 for each year or part thereof ending in 2 or 7; $60 for each year or part thereof ending in 3 or 8; or $30 for each year or part thereof ending in 4 or 9.
Note: If you are starting a new business or have a business new to the state of Illinois, you should register with IDOR before you make any sales or hire an employee. Note: There is no registration fee.
Once a business name is chosen, you fill out a Certificate of Assumed Name form and file it with the county clerk in the county where business is located. Each county has its own specific requirements for filing this paperwork, but most accept the the online filing options found at .illinois.gov.
The paperwork will ask: What is the assumed business name (trade name) on the dba registration. The name and address of the business owner(s) The company's principal business address. Proof of notarization and publication, if required.
Fees. $200 ($150 Filing Fee, $50 expedited fee) Domestic or Foreign Business Corporation ? Expedited (24 hour) Service. Please note that 24 hour expedited service excludes weekends and holidays. Payment must be in the form of a credit card ? Visa, Mastercard, Discover or American Express.
