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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