A separate legal entity that shields personal assets. Taxed by default as a sole proprietorship (one member) or partnership (more than one) unless it elects otherwise.
Illinois SOS: Articles of Organization filing fee "$150" for standard processing (10 business days); "$250" expedited.
| Filing | Fee | When it is due |
|---|---|---|
| Annual Report | $75 | Due by the anniversary day in the calendar month the business was formed, every year. |
About $75 a year to stay in good standing at today’s fees, counting only recurring filings and spreading anything filed less often across the years between. One-time filings and taxes are excluded.
Due by the anniversary day in the calendar month the business was formed, every year.
(o) Filing an annual report, interim annual report, or final transition annual report of a domestic or foreign corporation, $75.
The deadlines above are the rules. Your actual dates depend on when you form, so the calendar is built from your formation date — free, no account.
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