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(1) maintaining, defending, or settling any proceeding; (2) holding meetings of the board of directors or shareholders or carrying on other activities concerning internal corporate affairs; (3) maintaining bank accounts; (4) maintaining offices or agencies for the transfer, exchange, and registration of the ...
They are Sole Proprietorships, General and Limited Partnerships, Limited Liability Partnerships (LLP), Limited Liability Companies (LLC), "S" Corporations and "C" Corporations.
The amount of paid-in capital in Illinois is the sum of (1) the value of the corporation's property in Illinois, and (2) the gross amount of business transacted by it at or from places of business in Illinois compared to the sum of (1) the value of all its property, wherever located, and (2) the gross amount of its ...
Form an Illinois Corporation: Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account. File State Reports & Taxes.
The duty of loyalty often arises in circumstances involving conflicts of interest, corporate opportunities, and competing with the corporation. Under Illinois law, an officer must not engage in self-dealing, take secret profits that belong to the corporation, or seize corporate opportunities.
To purchase a copy of a corporation's Articles of Incorporation, please visit the Illinois Secretary of State Department of Business Services website - - and scroll to the section titled Obtain a Corporation Annual Report or Articles of Incorporation.
Corporate bylaws are legally required in Illinois.
Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.