Forming LLC in Illinois
Illinois limited liability companies are formed in around three weeks, albeit the state offers expedited filing of one business day for an additional fee.
Name Identifiers and Abbreviations
The name of the Illinois limited liability company must end with one of the following words or abbreviations:
- Limited Liability Company
The Operating Agreement helps protect your company’s limited liability status and prevents your company from being run by the default rules created by your state. Although Illinois does not mandate all LLCs to have an Operating Agreement, it is highly recommended that you have one.
Depending on the nature of your business, some additional filings could be necessary to complete the proper set-up of your LLC.
- EIN (tax ID) – available as an optional extra for non-US residents.
- Sales tax registration
- Payroll registration & business licensing