How to Form a Limited Liability Company (LLC) in Illinois

Forming an LLC in Illinois can be a straightforward process if you follow these steps:

1. Choose a name for your LLC that is not already in use by another Illinois LLC or corporation. The name must also include the words "Limited Liability Company" or the abbreviation "LLC."
2. File Articles of Organization with the Illinois Secretary of State. The Articles of Organization must include the name of your LLC, the registered agent's name and address, the purpose of your LLC, and the names and addresses of the LLC's organizers.
3. Obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). An EIN is required for federal tax purposes.
4. Create an Operating Agreement for your LLC. Although not required by Illinois law, it is highly recommended that you create an Operating Agreement to govern the operation and management of your LLC.
5. Obtain any necessary licenses and permits. Depending on the nature of your business, you may need additional licenses and permits to operate in Illinois.
6. Pay the required filing fees. The filing fee for Articles of Organization is currently $150. The fee for expedited service is $300.

Note that Illinois has additional requirements for certain types of LLCs, such as professional LLCs and series LLCs. Additionally, forming an LLC does not automatically provide you with liability protection. To ensure you are properly protected, it is recommended that you consult with a licensed attorney.

If you have any questions or concerns about forming an LLC in Illinois, be sure to consult with a licensed attorney.