This document is sometimes referred to as the charter. You'll need to register your business with the state, prepare internal corporate documents, appoint company directors, and issue stock.File an annual report for a Corporation, Not-for-Profit, or Limited Liability Company online. Incorporate a business or terminate an LLC. We can walk you through in five easy steps! This guide will help you file formation documents, get tax identification numbers, and set up your company records. Here is an outline of the steps you need to follow in order to form a corporation (specifically, a "C corporation") in Illinois. "Board of Managers" is the usual name for the group of Unit Owners governing an association that is unincorporated or organized as a limited liability company. The first Board of Directors meeting plays an important role in the corporation, as there will be defined key organization aspects such as. Create Corporate Bylaws: Bylaws are the internal rules governing your corporation's operations.