To form an LLC in Illinois, you need to take the following steps:
- Choose a name for your LLC: The name should be unique and distinguishable from any other business name registered with the Illinois Secretary of State. You can search the Illinois Secretary of State's business name database to see if the name you want is available.
- File Articles of Organization: The Articles of Organization are the legal document that creates your LLC. You can file them online or by mail with the Illinois Secretary of State. The filing fee is currently $150.
- Draft an Operating Agreement: Although an Operating Agreement is not required by Illinois law, it is strongly recommended. This document will outline the ownership structure, management structure, and rules for the operation of your LLC.
- Obtain any necessary licenses and permits: Depending on the nature of your business, you may need to obtain licenses or permits from the state or local government. You can search the Illinois Department of Commerce and Economic Opportunity's Business Portal to see what licenses or permits your business may need.
- Obtain an Employer Identification Number (EIN): An EIN is a unique identification number assigned by the IRS to your LLC for tax purposes. You can obtain an EIN online through the IRS website.
Once you have completed these steps, you will have formed your LLC in Illinois. Note that there may be additional requirements or steps depending on the specifics of your business. It is recommended that you consult with a licensed attorney to ensure that you have met all legal requirements and have properly formed your LLC under Illinois law.
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