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  • Il Bca 14.30 2014

Get Il Bca 14.30 2014-2025

, IL 62756 217-782-1837 www.cyberdriveillinois.com Payment must be made by check or money order payable to Secretary of State. Reset Save File #: Franchise Tax: $ Penalty/Interest: $ Filing fee: $5 Total $ Approved: Type or Print clearly in black ink Do not write above this line 1. Corporate Name: 2. S.

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Foreign BCA: A corporation organized in another state who is requesting the authority to transact business in Illinois by filing the BCA 13.15 form is considered a foreign corporation in the State of Illinois. This does not refer to a company from another country.

The annual and initial taxes have a minimum of $25 and a maximum of $2 million, but the additional tax has no cap.

This method is based on your total paid-in capital. The first year, multiply your total paid-in capital by . 0015 (. 15%) to get your franchise tax due. Afterwards, multiply your total paid-in capital by . 001 (. 01%) to get your franchise tax due.

Each domestic and foreign Illinois Corporation is required to pay franchise tax at the time of filing its first report of issued shares (articles of Incorporation or application for authority) for the privilege of exercising its franchises in the State of Illinois.

Limited Liability Companies (LLCs) do not pay taxes on their profits. Instead, LLC members are responsible for reporting the financial activity of the LLC on their personal 1040 income tax return. Due to the LLC pass-through taxation, they can pay income taxes on any profits the business earns.

Illinois imposes an annual franchise tax on both Illinois corporations and non-Illinois corporations for the privilege of doing business in the State. You calculate the corporation franchise tax by multiplying your corporation's paid-in capital by the franchise tax rate of 0.1%.

On or after January 1, 2021 and prior to January 1, 2022, the first $1,000 in liability is exempt from the tax imposed under this Section. On or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the tax imposed under this Section.

To register a foreign corporation in Illinois, you must file an Illinois Application for Authority to Transact Business in Illinois with the Illinois Secretary of State, Department of Business Services. You can submit this document by mail or in person.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232