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  • Il Llc-45.40 2012

Get Il Llc-45.40 2012-2025

LE # Illinois Limited Liability Company Act May 2012 Reset This space for use by Secretary of State. Application for Withdrawal SUBMIT IN DUPLICATE Type or Print Clearly This space for use by Secretary of State. Payment may be made by check payable to Secretary of State. If check is returned for any reason this filing will be void. Filing Fee: Approved: $100 1. Limited Liability Company Name:.

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LLCs Filed with Dissolution DateWhen the date comes, you also specify that all LLC profits and LLC assets will be equitably distributed to members or owners at this date. The LLC will dissolve and no longer exist.

Although LLCs in Indiana are not required to have a limited liability company operating agreement, it is wise to have one in place with other members should your LLC have more than one member. The State of Indiana recognizes limited liability company operating agreements as governing documents. 5.

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.

Just as you filed paperwork with the state to form your LLC, you must file articles of dissolution or a similar document to dissolve the LLC. These papers are filed with the same state agency that handed your original LLC formation usually the secretary of state.

File Articles of Dissolution with the state LLCs in Illinois have to file Form LLC 35-15 Statement of Termination, while corporations have to use Form BCA 12.20 Articles of Dissolution. File the completed form in duplicate with the Secretary of State by mail or in person.

An operating agreement is a document which describes the operations of the LLC and sets forth the agreements between the members (owners) of the business. All LLC's with two or more members should have an operating agreement. This document is not required for an LLC, but it's a good idea in any case.

Illinois does not require an operating agreement in order to form an LLC, but executing one is highly advisable. ... The operating agreement does not need to be filed with the state.

If there is no operating agreement, you and the co-owners will not be suitably equipped to reach any settlements concerning misunderstandings over management and finances. Worse still, your LLC will be required to follow any of your state's default operating conditions.

Reinstating a domestic LLC in Illinois begins with completing and filing the Reinstatement Following Administrative Dissolution form, which is also called the LLC-35.40. The LLC-35.40 form must be filed in duplicate by mail, or you can deliver it in person to the office of the Illinois Secretary of State.

Hold a board of directors meeting and formally move to dissolve your corporation. ... File the Articles of Dissolution with the Illinois Secretary of State. Fulfill all tax obligations with the state of Illinois, as well as with the IRS.

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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