How To Register An Llc In Illinois – To change your registered agent in Illinois, you must complete and file a Statement of Change of Registered Agent form with the Illinois Secretary of State. The Illinois Statement of Change of Registered Agent must be submitted by mail or in person and the filing fee is $25. When you hire Northwest to be your new registered agent, we will file your change of registered agent paperwork in Illinois and pay the state filing fee.
Sign up for a free account and fill out the Illinois Affidavit of Change of Registered Agent here
How To Register An Llc In Illinois
If you want to change your registered agent in Illinois, you must complete these three general steps:
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The state gives you two options for changing your registered agent in Illinois. The easiest and fastest way is to change it online. You choose Change Agent Corp or Change Agent LLC. This online method is more expensive because the agent’s change will be processed within one day and Illinois law requires them to add an expedited fee.
Another option is to go to the same link and click Publications and there you can download all the Illinois business forms. There are separate forms for corporations and limited liability companies. Form BCA 5.10/5.20, Statement of Change of Agent and/or Registered Office is the form used by all corporations and Form LLC-1.36/1.37, Statement of Change of Agent and/or Registered Office is used for all limited liability companies. Submit the change of agent form in duplicate to the Illinois Secretary of State by mail or in person along with the filing fee. The Illinois Secretary of State no longer accepts faxed applications, but encourages business formation and registration to be done online.
To ensure that your former agent’s services and obligations will end, see our Illinois Registered Agent Resignation page.
There is a $25 fee to change your registered agent in Illinois. Expedited processing, which can only be requested in person or online, is subject to an additional $50 fee. Online delivery charges an additional $2 fee to process credit card payments, for a total of $77.
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Sign up for registered agent services with Northwest and you’ll find a pre-filled form to submit your changes in your online account.
How long does it take for the state to process and complete a change of registered agent in Illinois?
Business documents submitted to the Illinois Secretary of State are processed in approximately seven to ten days. Expedited and online shipping is processed within 24 hours.
The Illinois Secretary of State has two offices; main office in Springfield and another office in Chicago. Most documents are accepted in the Chicago office.
How To File An Illinois Llc Amendment With The Secretary Of State
We have a team of Illinois experts who know the ins and outs of all business filings and what the Illinois Secretary of State requires. As your registered agent, we don’t wait for legal correspondence we receive on your behalf, we immediately scan it into your secure online portfolio so you can review it anytime, anywhere. Switch to Northwest Registered Agent today and we’ll file your Statement of Change of Registered Agent form and pay your filing fee, all in less than one business day.
Yes. If you need to reserve your name until you are ready to officially start your LLC, you can submit a Name Reservation Application to the Illinois Department of Business Services to reserve the name for up to 90 days. The application fee is $25.
Your LLC’s legal name is written on your organization’s membership. Any other name your LLC uses to operate is a fake business name (sometimes called a fictitious business name or DBA). The assumed business name must be registered with the Illinois Secretary of State’s office.
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Your business needs a registered agent in Illinois. A registered agent is a person or business entity designated to receive service (official mail, including lawsuits) on behalf of your business. All LLCs in Illinois are required to have a registered agent. You will need to include the name and address of your registered agent in your Articles of Incorporation.
Yes. However, if you are your own registered agent, you must include your name and address in public records. You must also be at your address during regular business hours to receive service.
Yes, you can change your registered agent in Illinois by filing a Statement of Change of Registered Agent with the Illinois Secretary of State and paying the $25 filing fee.
Your LLC will not become official until the Illinois Secretary of State approves your member organization. You can submit your articles online, by mail, or in person.
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It is true that when you file your Articles of Organization with the state, all the names and addresses listed therein will become part of the public record. Marketing companies are experts at finding this information and using it to send you junk email.
The best way to limit the amount of personal information you share is to hire the services of a registered agent who will list their address on this form instead of yours, whenever possible.
In a member-managed LLC, the LLC members themselves manage the day-to-day business operations. In a manager-managed LLC, members hire one or more people to be managers of the LLC. The people managing your LLC will be able to sign contracts, hire and fire workers, and open business bank accounts, among other responsibilities.
For help deciding which management structure is right for you, check out our LLC Members Vs Managers page.
In a series LLC, there is a “parent” LLC (also called an umbrella LLC) with one or more divisions within it (called the “series”). Each series has its own asset and liability protection. If you are considering forming a series LLC, you should consult with an attorney to see if it is a good option for your business.
The employment contract sets out the rules and procedures that the LLC will follow. This is an important document that sets out each member’s investment amount, voting rules, how you resolve disputes, and more.
Not technically. Under §805 ILCS 180/1-30, an LLC may enter into an operating agreement, but is not required to do so. Nonetheless, you should consider an operating agreement a must. If you do not have an operating agreement, your business will be governed by standard Illinois LLC laws.
The operational agreement is an internal document, so you do not need to submit it to the Minister of Foreign Affairs. Even so, you need it to open a business bank account. And in the event of a lawsuit, your operating agreement can help protect your limited liability.
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Your operating agreement should plan for every major situation your LLC might encounter. This includes everything from sharing profits and losses to closing the business if necessary. Here are some common topics covered in an operating agreement:
You are free to include almost any rule in your operating agreement as long as it does not conflict with the Articles of Incorporation or Illinois law.
Yes. Although single-member LLCs don’t have to deal with internal disputes, they still need an operating agreement to open a bank account and enhance their limited liability protection.
Your business’ EIN (Employer Identification Number) is the number the IRS will use to identify your business on tax forms. This is essentially the social security number for your business. The IRS allows you to apply for an EIN for free online and by mail. It’s quicker to register online, but if you don’t have a Social Security number, you’ll have to register by mail.
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Yes. Technically, you are only required to have an EIN if your LLC employs people or is taxed as an S-Corp or C-Corp. However, almost all banks require you to have an EIN to open a business bank account. Additionally, with an EIN, you don’t have to provide your own Social Security number.
The next step is to open a business bank account. This step is important for LLCs because your limited liability relies on separating your business and personal finances.
When you go to the bank to open your Illinois LLC account, be sure to bring:
If your LLC has more than one member, use our free LLC Resolution to open a bank account.
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Now you are ready to fund your LLC. All of your members must make contributions to the LLC to pay their membership interest. Often, members contribute money by writing checks to the business’s bank account. However, sometimes members donate property or services. Be aware that investments in property or services often result in tax events.
A membership interest is a member’s stock ownership in the LLC. Usually, the investment amount of each member is proportional to the amount of his holdings. For example, if one member invests $6,000 in the LLC and four members
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