Address of state office for filing:
Illinois Secretary of State
Department of Business Services
Limited Liability Division
Michael J. Howlett Bldg., Rm. 351
501 S. Second St.
Springfield IL 62756
Telephone: (217) 782-6961
State web address: http://www.illinois.gov/government/
State law reference: Illinois Revised Statutes Annotated, Chapter 805, Section 180/1-1+.
Title of filing: Articles of Organization.
Filing Fee: $500
Name requirements: The official name must contain the words “Limited Liability Company” or the abbreviations “LLC or “L.L.C.” The abbreviations “Ltd.” and “Co.” are not allowed. (Section 180/1-10). A company name may be reserved for 90 days for a $300 fee. (Section 180/1-15).
Organizer requirements: A limited liability company may be organized by one person. The organizer need not be a natural person, nor a member. (Section 180/5-1).
Articles of Organization requirements: Articles of Organization must contain the following: (1) name of company, (2) the address of the company’s principal place of business, (3) company purpose (general “all purpose” clause is acceptable), (4) registered agent name and office address, (5) the names and addresses of the initial managers if managed by managers, (6) the names and addresses of the initial members if managed by members, (7) the latest date (if any) on which the company is to dissolve, (8) the names and addresses of the organizers, and (9) any additional matters. (Section 180/5-5(a)).
Annual report requirement: Yes, to Secretary of State. (Section 180/50-1). $250 filing fee.
Publication requirement: No.
Effective date of limited liability company organization: On the date of official approval of Articles of Organization, the company becomes a legal entity and the members are shielded from personal liability. The effective date may be delayed up to 60 days if stated in the Articles of Organization. (Section 180/5-5(b)).
Membership requirements: Minimum number required is one. The member may be a natural person or a business entity. (Section 180/5-1(b)).
Other: None.
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