How Much Does It Cost To Register Your Business In Illinois With Secretary Of State

The Prairie Country has built upward a strong reputation over the past several years as having a brilliant business climate and offers an unmatched quality of life.

If yous tin put to one side luscious forests, national parks, glorious landscapes, and incredibly friendly and accommodating locals, yous have a state that is getting progressively more attractive for those looking to register a business organization in Illinois due to united states' constantly growing economy and awesome business-environment.

How much does information technology cost to register a business in Illinois? It is actually quite reasonable! Sure, information technology is not the almost affordable state to register a business concern, but it is non up at that place with some of the more expensive states either.

Allow'due south go right into the upfront costs to annals a company in Illinois, whether that exist an LLC, an Incorporated company, a partnership, a not-profit, or any other type of company or sole proprietor.

Cost to register a business in Illinois

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What is the cost to register a business in Illinois?

I of the ii different types of companies (nigh common) you may wish to form when starting and registering a business in Illinois are:

Illinois Limited Liability Company (LLC)
Illinois Incorporated Company (Inc.)

Of course, at that place are other types of structures such as sole proprietorship, a express or general partnership, and non-profit, but the near common two are the limited liability company and corporation.

When information technology comes to registering your company in the U.S., it is important to be aware that the registration and renewal costs differ depending on which country you decide to register in. The blazon of business concern structure you decide on will also determine the specific costs.

If yous would like to pay for the services of a formation and business concern filing services company to register your Illinois business the right way, they tin do it for an affordable fee that ensures information technology is done properly and all the correct documents are filed according to the police force. They will likewise take intendance of all the after-formation procedures so your business is compliant with Illinois police force and legally registered.

How much does it price to register a company in Illinois?

Illinois LLC Initial Registration: $150
Illinois Corporation Initial Registration: $150
Illinois Non-Turn a profit Initial Registration: $50
Foreign LLC Initial Registration: $150
(this is and then an out-of-state LLC tin can obtain a foreign qualification to do business in Illinois)
Foreign Corporation Initial Registration: $150
(this is and then an out-of-state Inc. can obtain a foreign qualification to do business organisation in Illinois)
Express Partnership (LP) Initial Registration: $150
Limited Liability Partnership (LLP) Initial Registration: $150
Sole Proprietorship Initial Registration: There is no set registration fee and it varies based on the type of sole proprietor business you are setting upwards.

The costs to register a business in Illinois noted above are the total fees you must pay but exercise not include several optional fees that are offered by the Illinois Secretary of State. For example, when you file for whatever of the above business concern types, there is an additional expedited fee yous can pay to take your new business registered within 24 hours. For nonprofit organizations, you will have to pay an additional $25 for expedited service, and for all other business types, information technology will cost you an extra $100.

How much does it toll to renew a company in Illinois?

According to Illinois law, whatsoever visitor, or business entity wishing to continue doing business in the land of Illinois must file an annual report. Almanac reports ordinarily include data such as a letter of the alphabet from the CEO, financial and tax information, objectives and goals for future years, and functioning highlights.

Annual Fees to renew your business in Illinois:

Annual Fee for an LLC in Illinois: $75 (expedited fee of $fifty)
Almanac Fee for a Corporation in Illinois: $75 (expedited fee of $50)
Annual Fee for an Illinois Non-Profit: $10 + $ane filing fee
Annual Fee for a Limited Partnership (LP): $75 (expedited fee of $fifty)
Annual Fee for a Limited Liability Partnership (LLP): $75 (expedited fee of $50)
Annual Fee for a Limited Liability Limited Partnership (LLLP): $75 (expedited fee of $50)

The above almanac reporting fees for businesses are the minimum y'all must pay, and there are optional fees and boosted state fees a business entity may need to pay should you wish to brand changes during the year, rather than when your annual renewal is filed.

Other Illinois Secretary of State Filing Fees

As a business owner or presentlyhoped-for owner of an Illinois company, you should be aware of the other diverse fees that are charged by the Secretary of State.

Articles of Subpoena: $50
Argument of Conversion: $50
Statement of termination: $five
Articles of Merger: $100 $50/entity
Articles of Revocation or Dissolution: $200
Application to Reserve a Proper noun: $25
Resignation of Registered Amanuensis: $5
Statement of Correction: $25

1 of the near important fees to remember is the late filing fee. In Illinois, they impose a late fee if you lot file your annual report after the last day of the prior month in which your business was first established. For case, if your business was registered on May 25th, 2020, and then you lot would accept to file your annual study and whatsoever other annual fees before or on April 30th, 2021. You tin can file earlier to avoid any concluding-minute stress. The fee charged for late filing is $100.

Illinois Secretarial assistant of State Mailing Address and Contact Information

Secretary of State
Jesse White
213 State Capitol
Springfield, IL 62756
Hours: 8:00 a.thou. – 5:30 p.m. CDT
Website: world wide web.cyberdriveillinois.com
Email: Email the Illinois Secretary of State

If certain changes are made past an LLC, Corporation, or Partnership throughout the year, such as amending the Articles of System or changing the registered agent, officers, or managing members, the Illinois Secretary of Land'southward office must be notified on the appropriate form and a fee must be paid.