If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). Forming an LLC in Illinois is easy, fast, and affordable. Illinois LLC Costs Digital Candi Fee $100 Illinois Filing Fee $150 (plus any additional processing fees) Total $250 Naming the LLC The name of the limited liability company must contain the words “limited liability company” or the abbreviation “L.L.C.,” or “LLC”. The LLC name may consist of letters of the English alphabet, Arabic or Roman numerals, or symbols capable of being readily reproduced by the Office of the Secretary of State. The word "trust", "trustee", or "fiduciary" may be used by a limited liability company only if it has first complied with Section 1-9 of the Corporate Fiduciary Act. Required Information You will need to provide the name of your LLC, the address of the LLC's principal office, the business purpose, the Registered Agent's name and physical address, and the name of the member(s) (the owners of the LLC). Steps to Forming a Illinois LLC Complete the Digital Candi Business Mastery Meeting. Digital Candi performs an LLC name availability search. Digital Candi will file your LLC with the Illinois Secretary of State. (Includes Articles of Organization) Digit Candi will obtain your LLC EIN Number. When approved, Digital Candi will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Illinois. Additonal Information Illinois LLCs are usually approved in 10-14 business days. Each Illinois LLC is required to file an annual report. The annual report is due each year in the month your LLC was initially formed. The annual fee is $75, and the fee can be completed and paid easily online. Making changes to your LLC in Illinois is pretty inexpensive compared to other states. Most changes you need to amend your LLC and/or change your Registered Agent can be done online and range from $25-$50.
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