How to Incorporate in Illinois

We can incorporate your company in any State for much less than an attorney and less than our competitors. Since 2001, we’ve formed thousands of corporations and LLC’s for our clients.

5 Steps to Incorporate or Form an LLC in Illinois

1. Make sure your company name choice is available.

Your company name must include the correct corporate or LLC identifier:

Corporations: "Corporation", "Incorporated" or an abbreviation.

LLC’s: "Limited Liability Company" or an abbreviation.

Name Restrictions: The word "trust", "trustee", or "fiduciary" may be used by a corporation only if it has first complied with Section 1 9 of the Corporate Fiduciary Act. The word "bank", "banker" or "banking" may only be used by a corporation if it has first complied with Section 46 of the Illinois Banking Act. LLC’s cannot use: "Corporation," "Corp.," "Incorporated," "Inc.," "Ltd.," "Co.," "Limited Partnership" or "L.P."

2. File the correct paperwork with the State’s filing office.

For Corporations you must file "Articles of Incorporation", for LLC’s you must file "Articles of Organization".

3. Hold the "Organizational Meeting" and adopt the company’s Bylaws (Corporations) or Operating Agreement (LLC’s).

4. Obtain a Federal Employer Identification Number (FEIN) for your company and open a company bank account.

5. Get a local business license from the city (or county) where you will be doing business.

MyNewCompany.com can assist you will all the steps above. Our service includes:

• Checking your company name for availability.
• Preparing and filing the formation paperwork with the appropriate State filing office.
• Preparing your "Organizational Meeting minutes" and Bylaws or Operating Agreement "ready for signature" with step-by-step instructions.
• We can help you obtain your FEIN by preparing the appropriate form (allowing your to obtain your FEIN instantly over the phone once your filing is complete).
• A Startup Checklist for Illinois that includes the remaining steps to properly setup your company with links to all the government agencies in your State. (NOTE: Click here for our basic startup checklist for any State.)
• Our partner, Business Licenses, LLC can assist you with finding, filling and submitting the necessary forms to get your local business license online. Click here to submit your business license online (after you’ve completed steps 1-4 above).

Stock Information

In Illinois, you can authorize an unlimited number of shares of No Par Value stock.

Yearly Requirements

Annual Report due annually prior to the month of original filing.

Annual Report Fee: $75 for corporations; $250 for LLCs.