The State of Illinois requires you to file an annual report for your LLC. You can file the annual report online at the SOS website or by mail using Form LLC-50.1. The report contains mainly some of the same information as the articles of organization.

How long does it take to set up an LLC in Illinois?

How long does it take to start an LLC in Illinois? Filing the Articles of Organization takes 10 days online or by mail, but can be expedited for an additional fee.

How do you prepare an LLC?

Steps to Form an LLC

1. Choose a name for your LLC.
2. File Articles of Organization.
3. Choose a registered agent.
4. Decide on member vs. manager management.
5. Create an LLC operating agreement.
6. Comply with other tax and regulatory requirements.
7. File annual reports.
8. Out of state LLC registration.

Do you file a separate tax return for an LLC?

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.

How to form a limited liability company in Illinois?

An LLC that is required to use a specific purpose or particular provisions must submit paper form LLC 5.5 This application is used to create an Illinois Limited Liability Company. An LLC formed in another state or jurisdiction cannot use this application. Please review Form LLC-5.5 and A Guide to Organizing a Domestic Limited Liability Company.

How does a LLC file a Illinois tax return?

If the LLC is a subchapter S Corporation for federal income tax purposes, and files a U.S. Form 1120S, U.S. Income Tax Return for an S Corporation, for Illinois purposes the LLC will file Form  IL-1120-ST, Illinois Small Business Corporation Replacement Tax Return.

How do I file a LLC form with the state?

Generally, there are two ways you can file your LLC formation documents with your state. You can send your LLC formation documents by mail, or you can fill out your LLC formation documents online, and submit them electronically. The state will charge a one-time fee in order to form your LLC. There are no monthly fees to form an LLC.

How to form a nonprofit corporation in Illinois?

To file Articles of Incorporation for a nonprofit in Illinois, you must file your formation documents to the Secretary of State online or by mail along with a $50 filing fee. Read our full guide on How to Form a Nonprofit in Illinois or have a professional service form a nonprofit for you.