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Incorporating Illinois Corporations

What is an Illinois corporation?

Illinois corporations are separate legal entities established by the shareholders. The shareholders elect to have an incorporator make the action to incorporate an Illinois corporation to create a separate entity from them personally.

How much do Illinois corporations cost?

An Illinois corporation will cost $150 to file the articles of incorporation plus a $25 minimum franchise tax fee. The Illinois franchise tax fee is based on paid-in capital and may be more than $25.

How to form Illinois corporations:

It will take the Illinois Secretary of State 2 weeks to process your IL corporation articles of incorporation if you mail the paper form. You can fax the form if you have a prepaid account with the SOS. The only way to expedite your incorporation is to file online. This is completed in 1-5 days, but you have to pay them an additional $100 expedite fee and a payment processing fee.

If you need a federal tax ID number, that can be obtained online immediately with the IRS.

How are Illinois corporations regulated?

Illinois Corporations are governed by Illinois Compiled Statutes - 805 ILCS 5, Business Corporation Act of 1983.

Illinois corporations require:

The basic Illinois articles of incorporation requirements are:

  • The Illinois Corporation must have a corporate ending such as INC, Incorporated, Corporation or other variation.
  • The Illinois corporation name must be different than already registered Illinois corporations
  • The number of shares the Illinois Corporation is authorized to issue and the class of the shares
  • The name and office address of the registered agent in Illinois
  • The corporations purpose is general unless you state a more specific purpose
  • Information about the corporations directors is optional
  • Information about the corporations property in Illinois is optional
  • You may include other optional provisions
  • The name, address, and signature of the Illinois corporation incorporator

If you file online, you can form a corporation with common stock only. Also, if you file online, your corporation can only have a general purpose. If you want to have multiple classes of stock or a specific corporate purpose, you have to file the paper form.

You can file the articles of incorporation yourself and use our free Illinois corporate tools we provide in your online account, or you can pay our $100 incorporating Illinois service fee and we'll do it for you. When you pay us to form your Illinois corporation, your money actually goes back into the local community. Why? Because we actually run a business in Illinois, just like you.

When we incorporate an Illinois corporation, our incorporating Illinois service includes:

  • Drafting custom IL corporation articles of incorporation.
  • The incorporator initial resolutions.
  • Illinois corporate bylaws.
  • The Illinois corporation state filing fees.
  • Registered agent service.
  • Our fees are: $100 incorporating Illinois service and $125 Illinois corporate agent service.

Total incorporating Illinois package for only $400 to form an Illinois corporation, and that includes the state filing fees.

Northwest Registered Agent Service, Inc.
Agent#  66484343
Schaumburg, IL 60173
Cook County

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