Get Form Lp 108.5 - Illinois Secretary Of State

To form a partnership in Illinois, you should take the following steps: Choose a business name. File an Assumed Business Name Certificate. Draft and sign a partnership agreement. Obtain licenses, permits, and zoning clearance. Obtain an Employer Identification Number.

Domestic limited liability partnerships file a form UPA 1003(D), with a cost of $100.00 per partner (minimum of $200 and a maximum of $5,000). Foreign limited liability partnerships file the form UPA 1003(F) with a filing fee of $300.00.

After you form an LLC in Illinois, you must file an Annual Report and pay a $75 fee every year. You need to file your Annual Report in order to keep your Illinois LLC in compliance and in good standing with the Illinois Secretary of State.

Illinois Corporation Incorporation: $150 filing fee + franchise tax ($25 minimum) + optional $100 expedite fee. The expedite fee is required if you file online.

Your personal assets, like your house or car, are protected. To start an LLC in Illinois, you must file the Articles of Organization with the Secretary of State and pay a $150 filing fee.

In order to create a limited partnership, an individual must file a Certificate of Limited Partnership with the Illinois Secretary of State. This form may be submitted by mail or online. The LP may be required to file additional paperwork if the partners plan on operating their business under an assumed name.

The filing fee for foreign LLPs is $300, whereas the filing fee for domestic LLPs is calculated similarly to the initial filing fee, with each partner paying $100.

The Clerk's office registers business names known as "assumed names" (or DBA) for new businesses in ance with Illinois law. An assumed name is issued to any business entity that uses a name other than the name(s) of the individual(s) who own or operate the business.