Our recommended LLC formation services, Incfile and ZenBusiness, will provide you with a Registered Agent for your LLC. When applying for an LLC in Illinois, you will need to have a Registered Agent listed on your Certification of Formation.Ī Registered Agent is a person or company that is legally responsible for receiving legal and tax documents on behalf of your business. If you try to use designators like Inc, Incorporated, LP, LLP etc, your application will be rejected. Make sure you do not use a designator that makes it look like your LLC is a different type of business entity. To ensure you fully follow Illinois state law, make sure the click the naming rules link above. The rules vary by state, so to make sure you're covered by Illinois laws, the best option here is to pick something from the list below: Once you have an LLC name for your business that you're sure isn't being used by anybody else, you need to pick a designator to be added to the end of it. Check your LLC name Naming rules LLC Name Designator Your desired LLC name must be distinguishable.Ĭlick the button below to check your LLC name with the Illinois Secretary of State. The abbreviations “LLC” or “L.L.C.” must be used at the end of your name. What this means is that you need to check whether or not the name you want to use for your Illinois LLC is available and not being used by another business. To do this, you'll need to perform something called a " business entity search". The first step when applying for an LLC is actually having something to name your LLC. The bottom line is that, while you don't need to form an LLC, it's very much advised for the protections and benefits it provides you. This allows you to reduce tax liability through investment. The most obvious one is that you have liability protection (the clue is in the name Limited Liability) against business debts, lawsuits, or other unforeseen issues.Īs an LLC, your personal assets would be protected against these events, where as a sole proprietor, you could potentially lose those assets in a lawsuit or as part of a debt repayment to creditors.Īnother benefit down the road might be that you can purchase assets in the business, such as real estate, which keeps them separate from your personal assets. Do I Need to Apply for an LLC?Īpplying for an LLC for your business is not a requirement, and you can start trading without one as a sole proprietor if you want to.įor most businesses, though, the Limited Liability Company (LLC) company entity provides a lot of benefits that will protect you. Any mistakes can delay your application and your company will have to wait before you can start trading. Make you that you take the time to really read this article a couple of times to fully understand everything you need to do. government so there will be a fair amount of process and paperwork to complete. That said, we are still talking about the U.S. How to Start an LLC in IllinoisĪs the world is becoming more and more digital, the process of applying for an LLC in Illinois is not as daunting as it once was. Our product recommendations are made independently, but we may earn affiliate commissions if you use a link on this page. ZenBusiness has a fantastic track record, and offers 100% error free LLC formation. However, in our experience, ZenBusiness offer the best and most reliable service for the majority of LLC and company formations. It's hard to pick just one service that will be suitable for every business formation need. Save hours of your valuable time by using a formation service to form your company. It's a lot easier to apply for an LLC in Illinois than you might think, and if you have the time to spend learning how to do it, you can avoid using a third-party service.īy free, we mean filing the application forms yourself without an LLC formation company. In this article, we'll show you step-by-step how to apply for an LLC in Illinois by giving you links to all of the forms, with advice on how to save money by doing it yourself! How to Apply for an LLC in Illinois (for Free)
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