In Illinois, the cost of forming an LLC (limited liability corporation) online is $150. When the LLC’s Articles of Organization are filed, this fee is paid to the Illinois Secretary of State.
Table of Contents
How Much Does an Illinois LLC Cost?
Fee for filing an Illinois LLC online: $150
The $150 charge to submit your LLC’s Articles of Organization online with the Illinois Secretary of State is the primary expense of forming an LLC.
Annual Report Fee in Illinois: $75
LLCs in Illinois are required to submit an annual report with the Secretary of State.
You may submit this form online at the Illinois Secretary of State’s website or by mail using Form LLC-50.1. The filing cost is $75, with a $100 penalty if not submitted within 60 days of the due date.
Fee for Registered Agent
You may be your own registered agent in Illinois, but employing a registered agent service keeps your firm in compliance, informs you of critical filing dates, and helps you avoid late fines.
How Much Does it Cost to Form a Foreign LLC in Illinois?
If you currently have an LLC established in another state and want to expand into Illinois, you must register your LLC as a foreign LLC in Illinois.
The fee for forming an Illinois foreign LLC is $150. In Illinois, you may register a foreign LLC by submitting an Application for Admission to Transact Business (Form LLC-45.5).
Permits and Licenses for Businesses
Depending on your industry and geographic area, your company may need federal, state, and municipal permits/licenses to operate lawfully in Illinois. This is true regardless of whether you create an LLC or another sort of company structure.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
LLC Name Reservation: File Form LLC 1.15 and pay the $25 filing fee to reserve your name for up to 90 days prior to the creation of your LLC.
To establish a name other than your legal LLC company name, file an Application to Adopt, Change, Cancel, or Renew an Assumed Name (Form LLC-1.20) and pay the $25 filing fee.
Certified Document Copies: Order certified copies of your Illinois business paperwork from the Secretary of State for $25.
Certificate of Good Standing: An Illinois certificate of good standing may be obtained by contacting the Secretary of State and paying the $25 cost. Banks and lending institutions often demand a certificate of good standing.
