Number Pages In Legal Illinois LLC Resolutions Forms For Free

The LLC-5 is a California State form used when a domestic limited liability company formed in another state (or country) wishes to become a foreign limited liability company in California.

LLC authorization to sign is generally assigned to a managing member who has the authority to sign binding documents on behalf of the LLC. When signing, the managing member must clarify if the signature is as an individual or in their capacity to sign as the representative of the LLC.

There is a $150 one-time state filing fee to form a Limited Liability Company in Illinois. There are also ongoing filing fees (like a $75 Annual Report fee), which we discuss below.

An LLC member resolution is the written record of a member vote authorizing a specific business action. Formal resolutions aren't necessary for small, everyday decisions. However, they're useful for granting authority to members to transact significant business actions, such as taking out a loan on behalf of the LLC.

It's a legal business entity that you form by filing a document called the Articles of Organization with the state. An Operating Agreement is an internal document that governs how your LLC is run. It contains rules about how much of the company each Member of the LLC owns, and other details about management and taxes.

To form an LLC in Illinois, you must file Form LLC-5.5, or the Articles of Organization, with the Secretary of State's Department of Business Services. You could choose to make the formation effective on the filing date or at a later time, as long as it does not exceed 60 days. The filing fee is $150.