The Illinois Articles of Organization are the LLC forms that must be completed and filed with the state in order to create an LLC.
It is simple to file the Illinois Articles of Organization!
We’ll walk you through the process of submitting the Illinois LLC Articles of Organization in three simple stages.
Get Forms for Your Articles of Organization
Complete the Articles of Organization.
Keep the Articles of Organization on file.
Step 1: Obtain your Articles of Organization.
Illinois Articles of Organization may be downloaded and sent in.
Step two: Complete the Articles of Organization
We will assist you in completing the Illinois Articles of Organization form LLC 5.5 in this stage.
To complete each step, you will need to know the following information:
Name and address of the entity
Name of the Registered Agent and the Address of the Registered Office
Business Objective
Type of Governing Authority
Date of Inception and Duration
Name and address of the entity
A unique and clever company name is crucial, but it is not as necessary as a legally valid name.
When selecting a name for your company, you must ensure that the name:
Meets Illinois naming standards.
Is not already in use by another Illinois firm
Adhere to the Illinois Naming Guidelines:
The word “limited liability corporation” or one of its acronyms must be in your name (LLC or L.L.C.). If it is a “low-profit LLC,” it must have the letters “L3C.”
Your LLC’s name cannot include terms that may be confused with a government organisation (FBI, Treasury, State Department, etc.).
Your name cannot include the words Corporation, Corp., Incorporated, Inc., Ltd., Co., Limited Partnership, or L.P.
Unless you register under an assumed name, your name must be the name under which your LLC does business.
Unless allowed by the Secretary of Financial and Professional Regulation, your name cannot include any term or phrase (e.g., trust, trustee, fiduciary) that suggests or implies that your LLC is in the business of a corporate fiduciary. If the LLC is set up to accept or execute trusts, its name must include the term “trust.”
The name may not include any words or phrases that are prohibited by any other state legislation (e.g., LLCs are not permitted to operate as banks or insurers in Illinois).
Your name must be distinct from any other current company in the state. This contains reserved names in Illinois.
Examine Name Availability:
Is your name accessible in the state of Illinois? Check the Illinois Secretary of State’s “Cyberdrive Illinois” website to see if the name you desire isn’t already taken.
Obtain a Domain Name:
We suggest that you check to see whether your company’s name is accessible as a web domain. Even if you don’t intend to create a company website right away, you may wish to purchase the URL to prevent others from doing so.
Registered Office and Registered Agent
A registered agent receives and transmits legal paperwork on behalf of your LLC. When you form your Illinois LLC, you must provide your registered agent and registered office address. Your registered agent may be someone over the age of 18 who resides in Illinois. It may seem straightforward, but your registered agent must always be accessible at the registered office during normal work hours.
Governing Bodies
You must choose whether your LLC will be managed by members or management. Then, provide the details about the managers or individuals with managerial power.
Purpose
In Illinois, a limited liability corporation may be formed for any lawful or non-prohibited business.
Remember that a business goal including licencing, tax-exemption, or tax-deductible status needs explicit wording from the IRS or a professional licence.
Date of Inception and Duration
If the business is not perpetual, you must provide the effective date of the Articles of Organization as well as the intended dissolution date.
Step 3: Submit the Articles of Incorporation.
You must submit the Articles of Organization with the Secretary of State to register your LLC.
You may submit your Articles of Organization in two ways:
Fill out the forms online.
Send a hard copy through mail.
Following the Official Formation of Your Illinois LLC
After filing your Articles of Organization, you should do the following:
Make a Business Agreement
Obtain an EIN
Establish a Business Bank Account
Purchase Licenses and Permits
Make a Business Agreement
An Illinois LLC Operating Agreement is a legal document that defines your LLC’s ownership structure and member duties.
Although an Operating Agreement is not necessary in Illinois to incorporate an LLC, it is a good idea to have one. You may begin working on your operating agreement before, during, or after filing your Articles of Organization.
Your operating agreement will be held in the private business records of your LLC; you will not submit it with the state.
Obtain an EIN
An Employer Identification Number (EIN) is your LLC’s equivalent of a social security number. If you want to recruit staff or create company bank accounts, you’ll need an EIN.
Establish a Business Bank Account
It is critical to use specific business banking and credit accounts to safeguard your company’s corporate veil. When you combine your personal and company accounts, your personal assets (house, vehicle, and other possessions) are at danger if your LLC is sued.
Your Company’s Brand
A great brand is the foundation of the most successful and memorable enterprises. Consider what your company stands for while building your brand. Customers and customers search for firms with a compelling brand just as much as they look for high-quality goods and services.
Developing a logo for your company is critical for generating brand recognition. Using our Free Logo Generator, you can create your own one-of-a-kind logo. Our free tool may assist you in creating your own distinctive logo for your new company concept.
Purchase Licenses and Permits
When forming an LLC, you should consider if your company requires any licences or permissions to operate legally. On the federal level, a few corporate operations need licences and/or permissions.
Learn how to secure the licences and permissions required for your company, or hire an expert to handle it for you:
Federal: For federal business licences and permits, see the U.S. Small Business Administration (SBA).
State: Visit Illinois’ Registration, Licenses, and Permits page to apply for or learn more about licences, permits, and registration.
Local: Inquire with your county clerk regarding local licences and permissions.