CorpNet is here to assist you in forming a corporation in the state of Illinois. Incorporating in Illinois is carried out through the Illinois Secretary of State. Most of your correspondence will go through this department as far as your business dealings are concerned. One of the first things that you will need to determine is what types of business structure you wish to possess. The Corporations Division, located in Springfield, offer structures in Proprietorships, General and Limited Partnerships, Limited Liability Partnerships (LLP), Limited Liability Companies (LLC), “S” Corporations and “C” Corporations.
Foreign and Domestic Corporations
A foreign corporation is a corporation registered in another State that does business in Illinois. Foreign corporations are required to register in Illinois.
Domestic corporations are those formed in Illinois itself. While there is no residency requirement for directors or officers of Illinois corporations, a registered agent (who can also be a corporate officer) must have a physical address in Illinois. An agent can be either an individual or a corporation authorized to conduct business in the state. The agent has to be available to take phone calls and reply to legal matters. Hiring a Registered Agent will protect your privacy and meet the requirements of incorporation in Illinois.
Officers and documents
Corporations in Illinois must have one or more directors whose names and addresses will appear in the articles of incorporation. Any change (address or ownership) must be filed with the State.
Corporate officer titles are determined by the bylaws or the board of directors. One person can hold multiple titles. The bylaws govern the corporation’s business affairs. They must be kept at the main office and it is not required that they be filed with the government. The board of directors has the capacity to amend, recall, and adopt the bylaws. The secretary is able to certify the bylaws and the officers may be listed and elected by the board of directors.
An annual report must be filed with the Illinois Secretary of State every year within 60 days prior to the month of incorporation. The report must include the following information: name of the corporation, address of the registered office, name of the registered agent, information pertaining to the corporation’s status as a minority or women-owned business, and information regarding the property value of the corporation.
Forming a corporation online
Incorporation in Illinois can sometimes seem like a discouraging task. It is quite possible, however, to incorporate online by filing the correct forms in the right order and this can be handled remotely through our services. We offer complete packages to start your corporation or LLC in the state of Illinois without forgetting any key steps or documents. Mistakes can be pricey.
Incorporating online is as uncomplicated as providing some preliminary information and deciding which type of corporation you need. CorpNet is on hand to help you create a corporation in Illinois and one-year Registered Agent Services is usual in our packages. We also include limitless customer support in our packages.