Most nonprofits are 501(c)(3) corporations, which means they are formed for religious, charitable, scientific, literary, or educational purposes and are eligible for federal and state tax exemptions. Whether you're already in the process of launching a business or simply wish to check the status of an existing entity name, doing a quick Illinois LLC search through the Secretary of State's webpage can get you the information you need.This guide is designed to walk you through the technical steps involved in choosing and registering your Illinois LLC name. Chicago Office 100 West Randolph, 9th Floor Chicago, IL 60601 Springfield Office 320 West Washington, 3rd Floor Springfield, IL 62786 If the not-for-profit organization is operated entirely for a charitable, religious or educational purpose, it may apply for an Illinois exempt (E) number. You can find information on any corporation or business entity in Illinois or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered. Then you apply for tax-exempt status from the IRS. The Articles of Organization is the legal document that officially creates your Illinois … Owners, managers, legal and other trusted advisers of Illinois entities may wish to familiarize themselves with the Illinois Entity Omnibus Act in case they wish to change entity types or formation states. Name of Business Entity: Doing Business As: (an assumed name must be registered with the Secretary of State) Address: Mailing Address: (if different than above) Related: What is a corporation? Entrepreneurs can not only be their own boss, but they can plan for how to achieve a … Form I-9 (employment verification) Form W-4 (employee withholdings) Form W-7 (ITIN application) Form W-8BEN (individual-foreign status for US reporting ) Form W-10 (dependent care provider ID) Form W-9 (taxpayer ID for independent contractor) However, law and tradition have assigned many additional responsibilities to the office, which has one of the largest and most diverse collections of responsibilities of any of its counterparts nationwide. 160 N. LaSalle Street, Suite 300 . The Illinois Secretary of State regards a series LLC as one entity filing a single annual report and paying a single fee. Entity Formation Form; IRS Forms. Every Illinois LLC must have an agent for service of process in the state. Registration forms are also available by calling us at 1 800 356-6302. Annual Reports Annually March 31st 83 Ill. Adm. Code 210.30 220 ILCS 5/5-109. You can do this online or through the mail using Form REG-1, which is the Illinois Business Registration Application. Non-Profit Entity Formation in Illinois. Illinois Series LLC Statute On August 16, 2005, the Series LLC Statute (805 ILCS 180/37-40) was added to Illinois' Limited Liability Company Act , making the state the fifth in the country to allow the formation of series LLCs. Chicago, Illinois 60601-3103 . Before filing your Illinois LLC Articles of Organization with the Business Entities Division, you need to select a Registered Agent for your Illinois LLC.. A Registered Agent is a person or company who agrees to accept legal mail on behalf of your Illinois LLC in case your business gets sued. Home Inspector Entity Application Non-Refundable Application Fee of $250.00 Articles of Incorporation or Organization or other evidence of legal formation, and authority to conduct business in Illinois issued by the Illinois Secretary of State (if incorporated outside of Illinois) To create a 501(c)(3) tax-exempt organization, first you need to form an Illinois not-for-profit corporation. ); or ; visit one of our offices. Conversions become more complex when an entity is registered in multiple states. Individual Key Person Personal Disclosure Form. Depending on entity type, reservations may be eligible for renewal if more time is needed. Illinois Entity Name Reservation Name reservation protects the preferred name of your entity while you prepare to file formation documents with the state. Entity Profile. Until recently, the answer for Illinois nonprofit corporations was “No.” But thanks to Illinois’ recently enacted “domestication” law, formally known as the Entity Omnibus Act, the answer is now “Yes.” Effective July 1, 2018, the new law allows nonprofit corporations to move their “place of birth” into or out of Illinois. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Quick Note on the Differences Between Illinois S Corporations and C Corporations . Conversion is the process of changing the entity type or the entity type and home state of a business. 8/10/2015) 8. ☐ - The co-trustees authorized to sign or otherwise authenticate on behalf of the trust are: _____ OR ☐ - There are no co-trustees authorized to sign or otherwise authenticate on behalf of the trust. Illinois Sales Tax And Corporate Tax Exemption . Complete IL Exempt Entity Processor Registration Submitted via… Submission of Company Form (MU1): Complete and submit the Company Form (MU1) in NMLS. See the table below for details on filing a conversion in Illinois. A limited liability company (LLC) is a type of business entity that’s ideal for startups and small- to medium-sized businesses. Institutional Investor Disclosure Form. State of Formation (If the result is Illinois, it is a domestic entity, while an out-of-state result is a foreign entity) Officer Information; Here you can also request a certificate of good standing. Form 21 ILCC - Annual Report of Electric Utilities Licensees and/or Natural Gas Utilities; Form 22 ILCC - Annual Report of Water and/or Sewer Utilities A Limited Liability Company (LLC) is a business structure allowed by state statute. The Limited Liability Company (LLC) is a popular business entity choice because it provides the liability protection of a corporation with the sole proprietorship’s ease of operation. Your form of business determines which income tax return form you have to file. (Statutory Form pursuant to 760 ILCS 5/8.5, eff. Illinois Fiber Connect LLC. Forming an LLC in Illinois is easy. Forming any new business or not-for-profit entity requires its founders to complete what is often complex and confusing paperwork. The Illinois Application For Authority To Transact Business in Illinois | Form BCA 13.15 is the initial step of the application process the Illinois Secretary of State requires of a foreign business prior to operating as a corporate entity in the State of Illinois. The Articles of Incorporation must be filed with the Illinois Secretary of State. NMLS Other Trade Name: If operating under a name that is different from the Illinois Conversion From a LLC to a Various entity types Illinois Business Formation Attorneys Lawyers for Entity Selection When Starting a Business in the Chicago Area. This form serves as the application for the license/registration through NMLS. A registered agent may be an individual who resides in Illinois, or a domestic or foreign corporation authorized to do business in Illinois. Please review the following instructions before proceeding. In Illinois, one of the requirements for a corporation or LLC is To form an Illinois LLC you will need to file the Articles of Organization with the Illinois Secretary of State, which costs $150.You can apply online or by mail. When beginning a business, you must decide what form of business entity to establish. CORPORATION NAME: The corporate name must include one of the following words or abbreviations: Corporation, Company, Incorporated, Limited, Corp., Co., Inc. or Ltd.. 2005 Illinois Code - 805 ILCS 5/ Business Corporation Act of 1983. There is a state business entity database that you can search online at the official website of the Illinois Secretary of State at Illinois LLC. STEPS TO APPLYING FOR ILLINOIS SALES TAX EXEMPTION Is a nonprofit in Illinois eligible for tax exemptions in the state? Previously, entities wishing to undergo a conversion or domestication process in Illinois were required to undergo a two-step merger process, usually involving the formation of an entirely new entity and the merger of the old entity into the new one. Business ownership provides numerous advantages and opportunities. You get the advantages and protections of larger Illinois corporations but with much simpler rules and regulations. So too, should those outside of Illinois who might have an interest in converting into or domesticating to an Illinois entity. State law requires your LLC to register with this agency upon formation for state tax purposes. When a corporation is initially created, it is automatically assumed to be a C Corporation and only becomes an S Corporation (and will be taxed as such) if you file the IRS Small Business Tax Election form 2553.. ILLINOIS GAMING BOARD . Trust Identification and Disclosure Form. Registered Agent. You will have the chance to prepare various documents related to entity formation and maintenance. 9. Updated October 28, 2020: Illinois corporation not in good standing refers to a corporation in the state of Illinois that has failed to comply with the state's requirements for reporting and paying fees.. Corporate Status. Welcome. To dissolve your corporation in Illinois, you submit in duplicate the completed BCA 12.20, Articles of Dissolution form by mail or in person to the Secretary of State along with the filing fee. Briefly, the benefits of starting an Illinois LLC include: Register with the Illinois Department of Revenue. This is an individual or business entity that agrees to accept legal papers on the LLC’s behalf if it is sued. ILLINOIS GAMBLING ACT & SPORTS WAGERING ACT BUSINESS ENTITY DISCLOSURE FORM . The office’s functions are described in the Illinois Constitution, mainly addressing the Secretary of State's duty to maintain official state records and the state seal. How to Dissolve an Illinois Corporation How do you dissolve an Illinois Corporation? The filing fee to form a corporation in Illinois is at a minimum, $175. Those forming a not-for-profit entity in Illinois have the added challenge of ensuring that the organization meets demanding legal standards for not-for-profit organizations under both Illinois and federal law. You will also learn many of the subtle differences between the various types of entities, which is ideal for paralegals working in the corporate law field. complete and mail Form REG-1, Illinois Business Registration Application, to us at the address on the form (Form REG-1 is available on our web site as a fill-in and savable form. REGISTERED AGENT: The corporation must appoint a registered agent who has a business address within the State of Illinois. Forming a professional entity (PC or PLLC) A professional corporation (PC) or professional limited liability company (PLLC) is a C corporation, S corporation or limited liability company (LLC) organized to provide professional services in industries that require a state license in order to practice. ... FCC Form 555 - Annual Lifeline Eligible Telecommunications Carrier Certification Form filed by Illinois Fiber Connect, LLC (mailed by USPS Certified Mail - Jan. 29, 2021) Filed: February 1, 2021 Linked To. ... Illinois SBDC at … Reserve a Name for Your Illinois LLC : Reserving a name for your LLC is not required, but if you want to reserve a name before the time that you can file, you can submit a name reservation application to the Illinois Secretary of State. Use the links below to jump straight to the correct search page for Illinois or find the page for another state. View up to date information on Illinois' Covid-19 vaccine plan and vaccination eligibility from the State of Illinois Coronavirus Response Site ... Business Entity Disclosure Form. , reservations may be eligible for tax exemptions in the state tax purposes confusing.. A corporation in Illinois authorized to do business in the state of a business address within the?... 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