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  • Il Llc-1.15 2012

Get Il Llc-1.15 2012-2025

Illinois Limited Liability Company Act Reset Save FILE # a) Application to Reserve a Name b) Transfer of Reserved Name c) Cancellation of Reserved Name This space for use by Secretary of State. SUBMIT IN DUPLICATE Type or print clearly. Payment may be made by check payable to Secretary of State. If check is returned for any reason this filing will be void. This space for use by Secretary of State. Filing Fee: a) $300 b) $100 c) $100 Approved: APPLICATION TO RESERVE A NAME a) Lim.

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Unlike the articles of organization with a limited liability company (LLC), which the company must file with the state, its operating agreement does not need to be on file with any state agency and is not a public record.

Illinois' corporate tax rate currently is 9.5%, but will increase to 10.49% if state voters are persuaded by the $56.5 millionworth of fair tax messages for which Gov. J.B. Pritzker is paying.

Choose a name for your LLC. Appoint a registered agent. File articles of organization. Prepare an operating agreement. Comply with other tax and regulatory requirements. File annual reports.

For typical LLCs (those not electing to be taxed as corporations) the tax is 1.5% of net income. The tax is payable to the Illinois Department of Revenue (IDOR). Use Form IL-1065 to pay the tax. In some cases, the owners of an LLC choose to have their business treated like a corporation for tax purposes.

Search the Illinois Name Database You can perform a search for free using the Department of Business Services database. Simply select Corporate and LLC, click Continue, and follow the prompts to perform your search.

For LLC availability, please call 217-524-8008.

The tax rate for an LLC depends on the total income of the owner. At higher levels of net income, the LLC may be paying taxes at a lower tax rate than a corporation. For example, the corporate tax rate for $75,000 in taxable income is 34%, while the personal tax rate for this same taxable income is 25%.

For typical LLCs (those not electing to be taxed as corporations) the tax is 1.5% of net income. The tax is payable to the Illinois Department of Revenue (IDOR). Use Form IL-1065 to pay the tax. In some cases, the owners of an LLC choose to have their business treated like a corporation for tax purposes.

The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return.

Wait 10-15 business days for the state to process and approve your Illinois LLC. Once approved, you will receive back a stamped and approved copy of your Articles of Organization and a Welcome Letter (which includes your LLC's File Number). The documents are returned by mail and sent to the Registered Agent's address.

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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