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What legal forms and contracts are necessary for starting an LLC in Illinois?

To start an LLC in Illinois, there are several legal forms and contracts that you will need to complete, file, and submit to the appropriate government agencies. These include:

  1. Articles of Organization:

    This is the primary document that establishes your LLC and registers your business with the Illinois Secretary of State. The Articles of Organization should include the LLC name, address, registered agent details, and the names and addresses of the LLC members.

  2. Operating Agreement:

    An Operating Agreement is not legally required under Illinois law, but it is strongly recommended that you draft and sign one. The Operating Agreement should outline the ownership structure of the LLC, the rights and responsibilities of the members, and how profits and losses will be allocated.

  3. Business License:

    Depending on the type of business you intend to run, you may need to obtain a business license from the state of Illinois or from the local municipality where your business will operate.

  4. EIN:

    You will need to obtain an Employer Identification Number (EIN) from the IRS. You can apply for an EIN online or by mail.

  5. Other contracts and agreements:

    Depending on the nature of your business, you may need to draft and sign additional contracts and agreements with vendors, suppliers, employees, or customers.

It is important to note that the legal forms and contracts necessary for starting an LLC in Illinois may vary depending on the individual circumstances of your business. It may be advisable to consult with an attorney who specializes in business law to ensure that you have all the necessary documentation in order to start your LLC.