If you already have an LLC in another state and want an LLC in Illinois, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Illinois.
On this page, you’ll learn about the following:
- Forming an Illinois Foreign LLC
- Steps to Filing Illinois Foreign LLC Online
- After Forming Illinois Foreign LLC
Forming an Illinois Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Illinois, you need to register it with the Illinois Secretary of State.
Step 1: Choose Illinois Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Illinois Secretary of State. Your LLC’s legal name outside of Illinois will be listed on the application, along with the name it will use in Illinois. Take note of the requirements for naming your LLC.
Check name availability at Illinois’ business entity names and reserve your LLC name.
Step 2: Select Illinois Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Illinois and take note that an Illinois registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Illinois Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form by mail to the Department of Business Services, Limited Liability Division, 501 S. Second St., Rm. 351, Springfield, IL 62746.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Illinois.
- Date when your LLC will start operations in Illinois.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Illinois, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Illinois Foreign LLC is taxed
Foreign LLCs are also subjected to the Illinois Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Illinois Foreign LLC Online
When you are registering for the foreign LLC in the State of Illinois, you will have to submit your Application for Registration of foreign LLC with the Secretary of State which costs $150. After approval, you will receive a Verification Certificate from the State Office. The State does not offer online filing options for foreign LLCs. We have explained the aspects you need to cover when you apply for Illinois Foreign LLC.
- Download the Application Form PDF (LLC-45.5) on your computer system.
- Read the information mentioned in the application carefully and proceed to fill in the required details.
- You are required to attach the Certificate of Good Standing or Existence issued by proper authority in the State of original jurisdiction. It costs $25.
- Make the check of $150 payable to the Secretary of State.5. Attach all the documents, i.e., the application form, Certificate of Good standing or existence, and the filing fee and mail it to the following address, Secretary of State, Department of Business Services, Limited Liability Division, 501 S. Second St., Rm 351, Springfield, IL 62756.
After Forming Illinois Foreign LLC
Here are added things you need to accomplish after forming your Illinois Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Illinois.
How Much Does It Cost to Register a Foreign LLC in Illinois
To register as a foreign LLC in Illinois, you can file through mail by paying a filing amount of $150 to the Illinois Secretary of State.
When it comes to registering a foreign LLC in Illinois, the cost can be a significant factor to consider. With so many fees and requirements to meet, it’s essential to understand what you’ll need to budget to ensure that you’re compliant with all state regulations.
One of the main costs associated with registering a foreign LLC in Illinois is the filing fee. This fee covers the cost of processing the application and paperwork, and it can vary depending on the type of business and how quickly you need to get everything in order. Some companies may also need to pay additional fees related to hiring a registered agent or obtaining an operating agreement.
Beyond the initial fees for registration, there are ongoing costs to keep in mind when it comes to operating as a foreign LLC in Illinois. One of the most significant expenses is the annual report fee, which is required by the state for all businesses to renew their registration each year. Depending on your business, there may also be additional taxes and fees to pay related to sales or payroll.
It’s also crucial to keep in mind that the process of registering a foreign LLC in Illinois can be time-consuming and complex. You’ll need to file the necessary paperwork and provide detailed information about your business, including its structure, ownership, and operations. You may also need to obtain additional licenses or permits based on your specific industry and location.
While the costs of registering a foreign LLC in Illinois can be significant, it’s important to remember that these expenses are necessary for complying with state regulations and operating legally. By taking the time to understand the fees and requirements involved, you can ensure that your business is able to operate smoothly and avoid any costly penalties or fines down the road.
Ultimately, the cost of registering a foreign LLC in Illinois will depend on several factors, including the type of business, your location, and whether you need to secure additional licenses or permits. While it may seem daunting to navigate all of these requirements, it’s important to stay informed and work with experienced professionals who can help guide you through the process.
In the end, the investment you make in registering as a foreign LLC is an investment in the long-term success of your business. By taking the necessary steps to establish your presence in Illinois, you’ll be well-positioned to take advantage of the state’s business-friendly climate and thriving economy.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Illinois.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Illinois as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Illinois does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.