In Illinois, annual reports for profit Corps, nonprofit Corps and LLCs are due in the month previous to the anniversary month. Ex: If a Corp was qualified in July, the next annual report would be due on June 30th of the next year. In Illinois, annual reports are sent to the RA two months prior to the due date for Corps and LLCs.
If you need help we can file the annual report for you. Our fee is $15. To order our service, please click on the following link:
TAX ID (Employment Identification Number - EIN) - FREE
Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.
Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $45. Order here Tax ID.
S CORPORATION STATUS ELECTION
What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $45. Order S Corporation filing here.
We can help you submit the filing with FinCEN for your company. Companies formed in 2024 have 90 days to file initial reports after receiving official notification of their creation. Companies existing before 2024 have a deadline of January 1, 2025, for their initial reports. Those established after 2025 will have 30 days to file initial reports after registration.
Let IncParadise efficiently and affordably handle your BOI reporting with FinCEN, allowing you to focus on running your business and avoid costly compliance mistakes.
ILLINOIS CERTIFICATE OF GOOD STANDING
A certificate of good standing (certificate of existence) is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you. The fee is $89 + state fee.
ILLINOIS APOSTILLE
In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. Price is $89 + state fee.
ILLINOIS REINSTATEMENT OF CORPORATION/LLC
If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.
Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.
ILLINOIS AMENDMENTS OF ARTICLES
There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the Illinois Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).
Do you need somebody to handle the filing of amendment for you? Please contact us! We charge $89 + state fees. Pay by PayPal (our email address is paypal@https://incparadise.net).
FOREIGN QUALIFICATION (all U.S. states)
Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.
Do you need somebody to handle foreign qualification for you? Please contact us!
U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING
Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.
There are two options:
– $150 per year. $2.50 per mailout plus postage.
– $99 per year. $5.50 per mailout plus postage.
Business licenses are mandatory for every business in the USA to operate legally. You may require federal, state, local licenses, permits, and tax regulations for your business.
Obtaining business licenses and permits is a daunting and time-consuming process as it entirely depends on the business industry, location, etc. IncParadise makes the business license process easy for you by delivering a report that lists the required federal, state, local licenses, permits, and tax regulations. Our expert research team searches, identifies and verifies the local, state, and federal licenses and permit requirements for your business type and location. They then send you the report with a list of these business license requirements so that you can save yourself time and effort.
We offer brand-new local voice mail or fax number. We will also issue you a password that will allow you to access the voice mail system in order to retrieve messages and/or set up your own customized greeting. Faxes can be forwarded to your email. Service available in ILLINOIS: Chicago. More details about local voice mail and fax services.
TOLL-FREE NUMBERS
We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!
No, but it is recommended to reserve a name prior to filing to ensure that it remains available during the incorporation process.
How do I reserve a corporate name?
The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.
Do I have to renew my name registration?
No, only foreign corporations doing business in Illinois are required to register on an annual basis.
How do I incorporate in Illinois?
When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Illinois agency.
Is a registered agent required?
Yes. . The registered agent must be either (1) a resident individual of Illinois whose business office is the same as the registered office or (2) a corporation with authority to transact business in this state that is authorized by its articles of incorporation to act as such agent and whose business office is the same as the registered office. As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.
How many Incorporators are required to form a corporation in Illinois?
One or more are required.
How many Directors are required to start a corporation in Illinois?
One or more as defined in the bylaws.
Are corporations in Illinois required to file an Annual Report?
Yes. A report must be filed each year within the 60 day period prior to the month of incorporation or the extended filing month.
What makes Illinois an exciting place to start your business? According to Economist Fred Giertz, the economic health of Illinois is showing an upward trajectory. The economy has been driven by several industries including some of the biggest names like McDonald’s, Boeing, United Airlines, and Motorola. The total gross state product was $792 billion in 2016 and incorporation in Illinois showed an increase in industries like higher education, financial trading, medicine, and logistics. The question is: are you ready to start your business in this state?
Why Choose Illinois for Incorporation?
There are many reasons why the number of small businesses being formed in Illinois has increased over the years. The state and federal agencies provide assistance for business entities in the form of grants and a variety of lending programs. Business incorporation in Illinois can enable your business benefit from the various incentives and tax assistance programs as well.
Now let’s take a look at some of the salient benefits that are responsible for fuelling growth of small businesses:
Illinois Business Enterprise Zone Program: The Illinois Enterprise Zone Program has been designed essentially to stimulate economic growth especially in the economically depressed areas within the state. If you set up a company in Illinois Enterprise Zones like Bedford Park or Clark County then you will be able to benefit from state as well as local tax incentives. Apart from tax incentives, business entities will be exempted from retailer’s occupation tax which is normally paid on building materials. You can check the Illinois enterprise zone map here.
Business Grants and Loans: The Illinois Department of Commerce and Economic Opportunity (DCEO) makes different types of loans and grants available to small and medium sized businesses. You can qualify for these incentive programs post incorporation in Illinois. Some of the popular programs include:
– Illinois Capital Access Program: This is a loan program specifically targeted at those new or small business entities that are unable to qualify for a conventional loan.
– Participation Loan Program: This is a loan program which allows the Illinois Department of Commerce and Economic Opportunity (DCEO) participate with lenders to ensure loans amounting to a minimum of $10,000 and a maximum of $750,000 are made available to small businesses post incorporation in Illinois.
How do you incorporate in Illinois?
What is the process of company incorporation in Illinois? What type of documentation is required? These are some of the common questions that you will be confronted with if you planning to set up a new business in the state. The following steps will help you understand the entire process:
Business Type
What type of business do you want to set up in Illinois? It is important to identify the type of business so that you can set up company in Illinois with ease. You can choose from Sole Proprietorships, Limited and General Partnerships, Limited Liability Companies (LLC), Limited Liability Partnerships (LLP), and Corporation including S-Corporations and C-Corporations. The type of business entity you want to form can be either domestic or foreign. The forms and fee will be different for each type of entity. Know more
Business Entity Name
One of the most important steps towards incorporation in Illinois is naming your business entity. You have to start by identifying, searching, reserving, and then registering the business name. There are 3 steps towards business name formation and these are:
Naming Requirements: A corporate name pursuant to (805 ILCS 5/) Business Corporation Act of 1983 should contain the words “corporation”, “incorporated” or abbreviation like “corp.”, and “inc.” The names should be distinguishable from existing names.
Business name search: You need to search for a business name that is not in use already. You can conduct name search here.
Name Reservation: Once you have identified business entity name, it is advisable to reserve the name by filing an application with the Secretary of State pursuant to 805 ILCS 5/4.10 Business Corporation Act of 1983. Name reservations are valid for 90 days.
Choose a Registered Agent
A domestic business entity as well as foreign entity authorized to transact business in the state of Illinois will have to maintain a registered agent pursuant to (805 ILCS 5/) Business Corporation Act of 1983. We are one of the respected registered agents in Illinois and will help you initiate incorporation in Illinois through processing of your “Articles of Incorporation” for domestic corporations and “Application for Authority” for foreign corporations.
Articles of Incorporation and Application for Authority
You will be required to submit “Articles of Incorporation” if your business is a domestic corporation and an ” Application for Authority” if it is a foreign business entity. In order to streamline the process of incorporation in Illinois, we can file documents on your behalf through the online process or through an expedited process.
Date Stamped Copies
As a part of the process of company incorporation in Illinois, we will ensure, you receive date-stamped and filed copies that verifies the state has filed as well as formed your corporation.
Costs and Fees associated with Illinois Incorporation
What would it cost to set up a company in Illinois? Check Fees here!
Illinois LLC and Corporation Registration and Formation
Have you been wondering if your business will grow exponentially once you establish in Illinois? The fact is that the state has seen several reforms in the new business development sector. A report by the State of Illinois Commission states that the state provides small and medium sized businesses with access to customers and capital, talent, transportation hubs, and incentive programs and this is expected to enable Illinois economy build the right momentum. The industry segments that experienced a high growth rate include Construction, Wholesale Trade, Professional and Business Services, Retail Trade, Leisure and Hospitality, and Manufacturing among others.
We are one of the top Illinois registered agents and are familiar with all processes pertaining to the Illinois State and can provide information and assistance for successful set up of your business!
Let’s take a look at how you can form an Illinois business LLC or Corporation.
Illinois LLC Registration and Formation
LLC company formation in Illinois is governed by Article 5 of the Limited Liability Company Act. The procedure for registration and formation of LLC is as follows:
Step#1: Maintain a registered agent
According to 805 ILCS 180, Section 1-35 of the Limited Liability Company Act, a domestic and foreign LLC needs to continuously maintain a registered agent in the state. If you are planning to form an Illinois business, you will need to appoint an agent authorized to receive service of process on your behalf. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Illinois.
We are in compliance with all regulations in the State of Illinois.
The name should contain the phrase or words “limited liability company” or the abbreviations “L.L.C.”, or “LLC” pursuant to 805 ILCS 180, Section 1-10 of the Limited Liability Company Act.
The chosen name should be distinguishable from any other name that exists in the records of the Secretary of State
Apply for reservation of name by downloading Form LLC-1.15.
File with the Secretary of the State along with the applicable fee. An LLC can reserve its name for a period of 90 days.
Step#3: Articles of Organization and Certificate of Authority
If you are planning to form an Illinois business LLC then the most important step is to prepare and file the proper documents for a Limited Liability Company.
If you want to register a domestic LLC then you will be required to file “Articles of Organization” pursuant to 805 ILCS 180, Section 5-5, Limited Liability Company Act.
If your business entity is a foreign LLC then you will be required to file an “Application for Certificate of Authority” pursuant to 805 ILCS 180, Section 45-5, Limited Liability Company Act.
The application or documentation for registration of LLC can be filed with Secretary of State, Department of Business Services Limited Liability Division, in person or online.
We can file the form on your behalf as your registered agent in the state and provide you with certified copies of the LLC registration.
Should you have any questions regarding how to form an Illinois business, feel free to call us on 702-871-8678.
Illinois Corporation Registration and Formation
If you are planning to form a Corporation in Illinois then the procedure for registration and formation is as follows:
Step#1: Maintain a Registered Agent
According to 805 ILCS 5, Section 5.05 of the Business Corporation Act of 1983, a domestic and foreign Corporation needs to continuously maintain a registered agent in the state. If you are planning to form a corporation in Illinois, you will need to appoint an agent authorized to receive service of process on your behalf. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Illinois.
We are in compliance with all regulations in the State of Illinois.
The name should contain the phrase or words “corporation”, “company”, “incorporated”, or the abbreviations “Corp.”, or “Inc.” pursuant to 805 ILCS 5, Section 4.05 of the Business Corporation Act of 1983.
The chosen name should be distinguishable from any other name that exists in the records of the Secretary of State
Apply for reservation of name by downloading Form BCA 4.10.
File with the Secretary of State, Department of Business Services along with the applicable fee. A business corporation can reserve its name for a period of 90 days.
Step#3: Articles of Incorporation and Certificate of Authority
If you are planning to form a corporation in Illinois, then the most important step is to prepare and file the proper documents for a business corporation.
If you want to register a domestic corporation then you will be required to file “Articles of Incorporation” pursuant to 805 ILCS 5, Section 2.10, Business Corporation Act of 1983.
If your business entity is a foreign corporation then you will be required to file an “Application for the Certificate of Authority” to transact business in the state pursuant to 805 ILCS 5, Section 13.15, Business Corporation Act of 1983.
The application or documentation for registration of a corporation can be filed with the Secretary of State, Department of Business Services, in person or online.
We can file the form on your behalf as your registered agent in the state and provide you with certified copies of the incorporation.
If you have any questions regarding Illinois incorporation or LLC formation, you can simply visit the Illinois Business formation page.
Registration of a new business does not necessarily mean that you have got the “go ahead” to operate your business in the state of Illinois. Most often than not, business owners forget to include the “requirement of a business license” in their starting a new business checklist. It is recommended that business owners have all necessary information about licensing prior to registration of their business entity. It is important to know if your business requires a license or permit because if you are operating without one, you can be charged heavy penalties and in some cases, closure of your business.
How to Get a Business License in Illinois
Where and how do you apply for a business license in Illinois? Does your business require a license or a permit? Does the business entity require a single license or multiple licenses or permits? Who is the issuing authority for these licenses or permits? The only way to answer these questions is by understanding the process of business licensing.
There are two steps towards acquiring a business license in the state of Illinois and they are:
The Industry or Business Type
Which industry is your business entity a part of? It is important to identify the industry as some businesses may require a business license while others may require only a permit to become operational. On the other hand, some businesses may also require multiple licenses or a license and a permit. Let’s look at an example to understand this well.
HOSPITAL/NURSING HOME
If you are planning to establish a “Hospital” or a “Nursing home” in Illinois then you will require a business license. This is apart from the fact that your hospital or nursing home will need to be inspected, regulated, and certified by private and public agencies at the federal as well as state level. The agencies responsible for regulation, certification and licensing include the U.S. Department of Health and Human Services’, Illinois Department of Public Health (IDPH) and Health Care Financing Administration (HCFA).
Another important aspect to consider is whether your Illinois company license will be issued directly by the state authorities or you will need to acquire a license or a permit from city council as well. Let’s look at an example to understand this well.
If you are planning to establish a “Wholesale Drug Distribution” business in Chicago then you will not require a Chicago business license as this type of license will be issued directly by a state department, and in this case by Illinois Department of Financial & Professional Regulation (IDFPR). On the other hand, if you were to establish a “Manufacturing” business that focuses on mechanical and/or chemical processing then your license will be issued by a Chicago Small Business Center or other City agencies.
Who Issues the License?
Once you have identified the type of Illinois company license you require, the next step is to file the application for the appropriate license. The license or business permit pertaining to your business is dependent on the type of business and will be issued by either the state licensing agency or city licensing agencies.
In order to understand this process, let’s look at another example.
Business license in Illinois is issued by the Illinois Department of Financial & Professional Regulation (IDFPR). So, if you were to establish a Real Estate firm then you will be required to apply to the Division of Real Estate (DRE) for the required license. The license needs to be renewed each year within 90 days preceding the expiration date.
CITY OF ROCKFORD
Now, if you are planning to establish a business in the city of Rockford and cater to the amusement industry then you will require a license for same. You will have to file an Illinois company license application with the Rockford City Council along with the prescribed fee. The fee for the license will vary according to the type of amusement. For example, a Bowling Alley License fee will be ‘Number of Bowling Lanes x $17.’ The license fee for a skating rink will be $138.00 and if you are planning to start a Video Game Parlor then you will only require a ‘Video Gaming Permit’ and the fee would be ‘Total Number of Machines/Devices X $25.00.’
Have you identified the industry or the city you are planning to establish your business in?
702-871-8678
