Start a Business in Illinois with Form Wise
Starting a business in Illinois is an exciting opportunity to enter one of the nation’s most dynamic markets. Forming an Illinois Limited Liability Company (LLC) is a smart choice for entrepreneurs seeking liability protection, tax advantages, and operational flexibility. At Form Wise, we make establishing your Illinois LLC simple and seamless, ensuring you meet all state requirements and regulations.
Step 1: Choose a Unique Name for Your Illinois LLC
To register your Illinois LLC, the business name must be distinguishable from existing entities in Illinois. The name should include “Limited Liability Company,” “LLC,” or “L.L.C.” You can confirm the availability of your preferred name using the Illinois Secretary of State’s business name search tool at https://apps.ilsos.gov/corporatellc/.
Apply now, pick a name and we will verify the availability!
Step 2: Designate a Registered Agent in Illinois
All Illinois LLCs must have a registered agent with a physical address in Illinois. This agent is responsible for receiving official correspondence and legal documents on behalf of the LLC.
Get in touch with us and we will refer a Registered Agent!
Step 3: File the Articles of Organization
The next step in forming your Illinois LLC is to file the Articles of Organization (Form LLC-5.5) with the Illinois Secretary of State. Filing can be completed online or via mail. This establishes your LLC as a legal entity in Illinois.
You can file for a domestic LLC with Form Wise!
Step 4: Create an Operating Agreement
Although not legally required in Illinois, an operating agreement is a valuable document that outlines your Illinois LLC’s management structure, member roles, and operational procedures. It serves as an internal guide to help avoid future disputes and clarify responsibilities.
Contact us if you need help with your Operating Agreement
Step 5: Obtain an Employer Identification Number (EIN)
An EIN is essential for your Illinois LLC. It is required for filing federal taxes, hiring employees, and opening a business bank account. You can apply for an EIN online.
Start processing your EIN online now!
Step 6: Register for State Taxes and Obtain Necessary Licenses
Depending on your business activities, you may need to register for Illinois-specific taxes or obtain business licenses. Illinois does not issue a universal business license, but certain industries may require specific permits. Visit the Illinois Department of Revenue’s website at https://www2.illinois.gov/rev/ for tax registration information and the Illinois Business Portal at https://www2.illinois.gov/business for licensing guidance.
Step 7: File Annual Reports
To maintain good standing, your Illinois LLC must file an annual report with the Secretary of State. This report keeps your LLC active and in compliance with Illinois state law. Annual reports can be filed online.
Need help with your Annual Filings and Reporting?
Partner with Form Wise to Start Your Illinois LLC
Starting an Illinois LLC involves navigating specific state requirements, but with Form Wise, you have a reliable partner to simplify the process. We ensure your Illinois LLC is set up properly so you can focus on growing your business. Contact Form Wise today to take the first step toward your Illinois business success.
