Are you looking to incorporate in Illinois? Are you trying to learn about Illinois incorporation or corporation laws? The following summary can get you started on your path to incorporation.
| Secretary of State Contact Information | Department of Business Services Illinois Secretary of State 501 S. Second St. Suite 328 Springfield, Illinois 62756 (217) 782-6961 |
| Secretary of State Address | www.sos.state.il.us |
| Corporation Filing Fees | The fee for filing Articles of Incorporation is $150, plus Franchise Tax . The initial Franchise Tax is assessed at the rate of 15/100 or 1 percent ($150 per $1,000) on the paid-in capital represented in Illinois, with a minimum of $25. The Department of Business Services in Springfield will provide assistance in calculating the total fee if necessary. Call (217) 782-9522 or 9523 for assistance. |
| Corporation Name Reservation Information and Fees | Illinois incorporators may reserve a corporate name by filing for BCA-4.10 with the Illinois Secretary of State and paying a $25 fee per reserved name. The name reservation remains effective for 90 days. |
| Where to Get Corporate Formation Forms | Cyberdrive Illinois |
| Periodic Corporation Reporting Requirements | Domestic corporations must file a Domestic Corporation Annual Report annually, and qualified foreign corporations must file a Foreign Corporation Annual Report annually. |
| Corporation Tax Forms | Franchise Tax is reported on the annual report form, discussed above. Income tax forms can be found at http://tax.illinois.gov/Businesses/index.htm |
| Corporate Tax Summary | Illinois corporations and foreign corporations doing business in Illinois must pay an income tax and a ‘replacement’ tax based upon the value of the corporation’ s gross assets in Illinois and the gross amount of business transacted in the state. |
| “S” Corporation Information | Illinois recognizes the federal S corporation provision. The subchapter S election is automatic and no state specific forms need be filed to make the subchapter S election. |
Are you ready to form your Corporation or LLC today?
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Michael Spadaccini is the author of 8 books on self-help legal matters such as, Ultimate LLC Compliance Guide: Covers All 50 States (Ultimate Series), Ultimate Book of Forming Corps, LLCs, Partnerships & Sole Proprietorships, and Ultimate Guide to Forming an LLC in Any State, Second Edition (Ultimate Series).
You can view his Amazon Author Profile Here.
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