Incaroo

Illinois LLC Formation

Form your LLC in the Prairie State and access Chicago's thriving business ecosystem. Complete guide to Illinois LLC requirements and expedited processing options.

Key Highlights

$150

State Filing Fee

Standard: Standard 10 business days; 24-hour expedite available • Expedited: 24-hour

Processing Time

$75 LLC statement

Annual Report Fee

None

Annual Franchise Tax

Why Form an LLC in Illinois?

Key Benefits

Access to Chicago's major business hub

Central location for Midwest markets

Strong transportation and logistics infrastructure

Diverse economy with multiple industries

Access to venture capital and investment

Major universities and research institutions

24-hour expedited processing available

Additional Information

Illinois offers access to one of America's major business centers in Chicago, along with excellent transportation infrastructure and diverse economic opportunities.

Illinois LLC Formation Requirements

Required Steps

1.

LLC name must include 'LLC' or 'Limited Liability Company'

2.

Name must be distinguishable from existing entities

3.

Must have a registered agent with Illinois address

4.

File Articles of Organization (LLC-5.5)

5.

Pay $150 state filing fee

6.

Operating agreement recommended but not required


Processing Options

Available Processing Speeds

Standard Processing: Normal processing time (included in base fee)

24-hour Expedite: $100 additional fee for next business day processing

Same Day Processing: $200 additional fee for same business day filing

Ongoing Compliance Requirements

Annual Report
Annual filing required

LLC annual statement required to maintain good standing

Fee: $75

Registered Agent
Ongoing

Must maintain registered agent with Illinois address

Fee: $99/year (if using service)

Step-by-Step Filing Timeline

• Check name availability in the Illinois SOS database; reserve if needed

• File Articles of Organization (LLC-5.5) and designate a registered agent

• Receive approval, obtain EIN (if selected), and draft operating agreement

• Open a business bank account and set up accounting

Taxes & Registrations After Approval

• Obtain EIN from the IRS (included if selected at checkout)

• Register with the Illinois Department of Revenue via MyTax Illinois (sales/use, withholding)

• Check city/county licensing (e.g., Chicago local requirements)

• File your federal Beneficial Ownership Information (BOI) report with FinCEN

Naming Rules & Restrictions

• Must include “LLC” or “Limited Liability Company”

• Name must be distinguishable on the Secretary of State's records

• Restricted terms (e.g., “bank”, “architect”, “engineer”) may require agency approval

• Avoid implying government affiliation or professional licensing you do not hold

Illinois FAQs

How fast can I form in Illinois?

Expedite options include 24-hour (+$100) and same-day (+$200) processing.

When is the annual report due?

Annually, $75; late filings incur a $100 penalty after a 60-day grace period.

Do I need an operating agreement?

Not required but strongly recommended to define ownership and management.

Interested in Illinois LLC Formation?

We're working to add Illinois to our supported states. Join our waitlist to be notified when we launch in Illinois.

Join Illinois Waitlist

Be the first to know when we launch Illinois LLC formation services.

We respect your privacy. Unsubscribe at any time.

In the meantime, consider these supported states:

Interested in Wyoming LLC Formation?

We're working to add Wyoming to our supported states. Join our waitlist to be notified when we launch in Wyoming.

Join Wyoming Waitlist

Be the first to know when we launch Wyoming LLC formation services.

We respect your privacy. Unsubscribe at any time.

In the meantime, consider these supported states:

Start Your Texas Business

Start your business in Texas today

Form in Texas

Interested in Delaware LLC Formation?

We're working to add Delaware to our supported states. Join our waitlist to be notified when we launch in Delaware.

Join Delaware Waitlist

Be the first to know when we launch Delaware LLC formation services.

We respect your privacy. Unsubscribe at any time.

In the meantime, consider these supported states:

Start Your Texas Business

Start your business in Texas today

Interested in Florida LLC Formation?

We're working to add Florida to our supported states. Join our waitlist to be notified when we launch in Florida.

Join Florida Waitlist

Be the first to know when we launch Florida LLC formation services.

We respect your privacy. Unsubscribe at any time.

In the meantime, consider these supported states:

Start Your Texas Business

Start your business in Texas today