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Illinois Product Plans
Category:
State:
Multi-State
Control #:
US-TC05082G
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Product Plans?
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FAQ
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.
What ownership structure choices do I have? There are several ways to organize businesses in Illinois. They are Sole Proprietorships, General and Limited Partnerships, Limited Liability Partnerships (LLP), Limited Liability Companies (LLC), "S" Corporations and "C" Corporations.
Illinois is known for: Farmlands. Corn. Land of Trainss. Nuclear power plants. Architecture. The first McDonald's.
How to Incorporate in Illinois Corporate Name. ... Initial Registered Agent & Office. ... Purpose for Which the Corporation is Organized. ... Authorized Shares, Issued Shares, and Consideration Received. ... Preferences of the Shares of Each Class. ... (Optional) Number of Directors. ... (Optional) Names and Addresses of Directors.
"Small business" means any for profit entity, independently owned and operated, that grosses less than $4,000,000 per year or that has 50 or fewer full-time employees. For the purposes of this Act, a "small business" has its principal office in Illinois.
Your main cost when starting an LLC in Illinois will be the state's LLC registration fee, which is $150. On top of that, you'll need to shell out $75 each year to file your Illinois annual report. You'll also have additional expenses to think about, like hiring a registered agent and purchasing business insurance.
Though Illinois does not require a statewide business license, your business is required to obtain a Certificate of Registration or License, sometimes referred to as a seller's permit, if it intends to sell or lease taxable goods or services within the state.
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.
