Incorporating a Limited Liability Company (LLC) in Illinois can be a straightforward process if you understand the steps involved. The Illinois LLC application form, also known as the Articles of Organization, is the document that officially establishes your LLC with the state. Here are the 5 steps to complete the Illinois LLC application form:
Step 1: Choose a Business Name
Before completing the LLC application form, you need to choose a unique and compliant business name for your Illinois LLC. The name must meet the following requirements:
- The name must end with "LLC," "L.L.C.," or "Limited Liability Company."
- The name must be distinguishable from existing business names in Illinois.
- The name must not contain prohibited words or phrases, such as "bank" or "insurance."
You can search the Illinois Secretary of State's database to ensure the name is available. It's also a good idea to check if the desired web domain and social media handles are available.
Conducting a Name Search
To conduct a name search, follow these steps:
- Visit the Illinois Secretary of State's website at .
- Click on "Business Services" and then "Search for a Business."
- Enter the desired business name in the search box and click "Search."
- Review the search results to ensure the name is available.
Step 2: Appoint a Registered Agent
A registered agent is an individual or business entity that agrees to receive service of process and other official documents on behalf of your LLC. The registered agent must have a physical address in Illinois and be available during business hours.
You can appoint an individual, such as a friend or family member, or a business entity, such as a registered agent service. Make sure the registered agent is reliable and will notify you promptly if they receive any documents on behalf of your LLC.
Registered Agent Requirements
To be eligible to serve as a registered agent in Illinois, the individual or business entity must:
- Have a physical address in Illinois.
- Be available during business hours to receive service of process and other official documents.
- Be at least 18 years old (if an individual).
- Be authorized to do business in Illinois (if a business entity).
Step 3: Complete the LLC Application Form
The Illinois LLC application form, also known as the Articles of Organization, is a 2-page document that requires the following information:
- Business name and address.
- Registered agent's name and address.
- Organizer's name and address (the person filing the LLC application).
- Management structure (member-managed or manager-managed).
- Purpose of the LLC (optional).
You can download the LLC application form from the Illinois Secretary of State's website or file online.
LLC Application Form Requirements
To complete the LLC application form, you will need to provide the following information:
- Business name and address.
- Registered agent's name and address.
- Organizer's name and address.
- Management structure (member-managed or manager-managed).
- Purpose of the LLC (optional).
Step 4: File the LLC Application Form
Once you have completed the LLC application form, you can file it with the Illinois Secretary of State's office. You can file online or by mail.
Filing Options
You can file the LLC application form online or by mail:
- Online filing: Visit the Illinois Secretary of State's website at and follow the online filing instructions.
- Mail filing: Send the completed LLC application form and filing fee to:
Secretary of State Department of Business Services 213 State Capitol Springfield, IL 62756
Step 5: Obtain an EIN and Open a Business Bank Account
After filing the LLC application form, you will need to obtain an Employer Identification Number (EIN) from the IRS and open a business bank account.
EIN Requirements
To obtain an EIN, you will need to provide the following information:
- Business name and address.
- Type of business entity (LLC).
- Business purpose.
- Business owner's name and address.
You can apply for an EIN online through the IRS website at .
Now that you have completed the 5 steps to complete the Illinois LLC application form, you can officially establish your LLC in Illinois. Remember to file your LLC application form with the Illinois Secretary of State's office and obtain an EIN and business bank account to complete the process.
We hope this article has been helpful in guiding you through the process of completing the Illinois LLC application form. If you have any further questions or need additional assistance, please don't hesitate to comment below.
What is the filing fee for an LLC in Illinois?
+The filing fee for an LLC in Illinois is $500.
How long does it take to process an LLC application in Illinois?
+It typically takes 2-3 business days to process an LLC application in Illinois, but it can take up to 2 weeks if filed by mail.
Do I need to file annual reports for my LLC in Illinois?
+Yes, LLCs in Illinois are required to file annual reports with the Secretary of State's office.