Illinois

Starting a business in Illinois is an excellent choice for entrepreneurs since it has the 5th-largest economy in the country

Starting a Business in Illinois

The Basics

Start Your LLC Today in Illinois

 The state of Illinois has more than 1.2 million small businesses. About 2.5 million people are employed in these businesses, or 45.1% of the workforce and nearly 20% of the entire population. 

Registration of your business in Illinois is a requirement for entrepreneurs who want to start a business in this state. The Illinois Secretary of State will issue a business license to you as soon as you file a few forms. The personnel at Launch-A-Biz can assist you in submitting the necessary documents on your behalf. Eventually, the process will be completed on your behalf. 

How to Start a Business in Illinois

The first step in founding an LLC in Illinois is to choose a business name. A new LLC's name must be unique from the names of other LLCs under Illinois law. Because you begin operating your business, the state of Illinois, as well as local governments in Illinois, may require you to obtain a business license.

The filing of articles of formation with the Illinois Secretary of State is the most crucial step in incorporating an LLC in Illinois. The cost of filing is $150. All Illinois limited liability companies (LLCs) are required to file an annual report with the Secretary of State. Each year, the report is due on the first day of the LLC's anniversary month. The cost of applying is $75.

Business Taxes in Illinois

Taxes on individual income in Illinois are capped at 3.75%.

In Illinois, the corporate income tax rate is 5.25%.

Illinois Corporation

The state of Illinois will need you to file your Articles of Incorporation. This form is used by the state government to officially recognize your firm as a legal entity. This form is subject to a $150 filing charge in Illinois. Corporations in Illinois are required by law to file an annual report with the Secretary of State. To stay in conformity with the state and register as a legal business, you must submit this report. When you submit your yearly report, you'll also be required to pay a franchise tax.

Business Taxes in Illinois

Taxes on individual income in Illinois are capped at 3.75%.

In Illinois, the corporate income tax rate is 5.25%.

Launch-A-Biz can assist you in preparing the necessary documents for your LLC or corporation registration. From starting a new business to assisting with copyrights, trademarks, and corporate filings throughout the United States, we offer a wide range of services. Start registering your LLC or Corporation today! 

Steps to File Your LLC EIN Application:

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