To register as a corporation in the state of Illinois, there are several steps that a business must take. These steps include the following:
Choose a name for the corporation: The first step in registering as a corporation in Illinois is to choose a name for the corporation. The name of the corporation must be distinguishable from all other corporations already registered in the state of Illinois.
Appoint a registered agent: A corporation must appoint a registered agent to receive legal process (such as lawsuits) on its behalf in Illinois.
File Articles of Incorporation: The next step is to file Articles of Incorporation with the Illinois Secretary of State. The Articles of Incorporation must include the name of the corporation, the purpose of the corporation, the number and type of shares of stock to be authorized, the registered agent and the name and address of each initial director.
Obtain any necessary licenses and permits: Depending on the nature of the corporation's business, it may need to obtain certain licenses and permits before it begins operations in Illinois.
Obtain an Employer Identification Number (EIN): A corporation must obtain an EIN from the Internal Revenue Service (IRS) in order to pay federal taxes, hire employees, and open bank accounts.
Hold an Organizational Meeting: After the articles of incorporation are filed, the corporation must hold an initial organizational meeting of its board of directors to adopt bylaws, elect officers, and take care of any other necessary business.
It is important to note that there may be additional steps or requirements based on the specific nature of the corporation's business or the industry in which it operates. Additionally, it is recommended that a business consult with a licensed attorney to ensure that all necessary steps are taken in order to properly register as a corporation in Illinois.
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