To form a Limited Liability Company (LLC) in Illinois, there are a few key steps that you should follow:
- Select a name for your LLC: You will need to choose a unique name for your LLC that is not currently being used by another business in Illinois. You can check the availability of your chosen name by doing a search on the Illinois Secretary of State’s website.
- Choose a registered agent: A registered agent is a person or company that receives legal documents and important correspondence on behalf of your LLC. In Illinois, your registered agent must be located in the state and available during normal business hours.
- File Articles of Organization: To officially form your LLC, you will need to file Articles of Organization with the Illinois Secretary of State. The articles should include basic information about your LLC, such as its name and address, the name and address of your registered agent, and the names and addresses of the LLC’s members.
- Apply for any necessary licenses and permits: Depending on your business type, you might need to obtain various licenses or permits before operating in Illinois. You should research the specific requirements for your industry and obtain any necessary licenses or permits before starting operations.
- Create an Operating Agreement: Although it is not required by law, it is strongly recommended that you create an operating agreement for your LLC. This agreement outlines the rights and responsibilities of the members of your LLC, as well as the procedures for making business decisions and handling various situations.
Once you have completed these steps, your LLC should be legally formed in Illinois. Note that there may be additional requirements or exceptions depending on your specific circumstances, so you should consult with a licensed attorney for personalized legal advice.
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