We hope you found this example of an Illinois settlement useful. If you like to move to Illinois but don`t know where to start, Click And Inc can help. Let`s prepare and submit your Illinois regulations today! Step 1 – Go to the Illinois Publications Forms: www.cyberdriveillinois.com/publications/allpubs.html page and then find the BCA 2.10 form. Select the „Statuses” link listed in this row. If your browser is compatible, you may be able to fill it in with your browser. Alternatively, you can use a PDF program, then print or print it, and then type or write your answers (black ink only). When you appoint a company, its articles must authorize it to act as an agent and it must have a physical address in Illinois. Your by-laws have been filed and you have started doing business. Step 15 – Note 1 explains how to calculate the franchise tax ($1.50 per $1000.00 on paid-up capital).
The minimum franchise tax is $25.00. The registration fee for these items is $150.00. Then, charge to deposit full payment of the calculated or minimum franchise tax and production fee with the items. This should take the form of a cheque or money order to be paid to the Secretary of State. If you`re writing your own regulations for starting a for-profit corporation in Illinois, we hope the following sample articles will help. Bylaws contain the essential information the State of Illinois needs to legally „shape” and „create” your business unit. After incorporation, the founder must hold the first meeting of the company, called an organizational meeting. If you submit online, you can pay by American Express, Discover, MasterCard or Visa at the time of submission.
Submission of items must be due the $25.00 franchise tax, the filing fee of $150.00, an expedited fee of $100.00 and a payment processing fee of $6.25. If you submit by mail, you must | the original articles of incorporation of Illinois Profit Corporation Form BCA 2.10, a copy of the original Form BCA 2.10 and all relevant documents clearly marked and attached simultaneously with the full payment of all applicable fees to the Secretary of State, Department of Business Services, 501 S. Second Street Rm. 350, Springfield, IL 62756. Payment must take the form of a bank check, certified check, money order, or Illinois Attorney/CPA check and must be payable to the Secretary of State. The filing fee for Form BCA 2.10 is $150.00 and the payment of the initial exemption tax must be at least $25.00, but if your calculations result in a higher tax rate, they must be paid in full with the filing costs at the time of filing. Before you start filing your Illinois bylaws, the Secretary of State (SOS) presents some instructions to make sure you`re getting started on the right track. An Illinois national company can file its articles online by going to the CyberdriveIllinois website and clicking on the „Statutes”.
Step 7 – The following are optional, but are often covered in some articles. The Illinois bylaws contain elements in which this information can be entered, but the incorporator is not required to complete this section when filing this document. Article 5a contains an area where you can indicate the number of first directors on the board of directors of that company. Next, point 5b specifies an area where the full name, address, city/state/zip code of each of these board members is documented. This list may be continued on a separate sheet. If you are interested, you can even reserve your company name for 90 days by submitting the name reservation request (Form BCA 4.10). The State of Illinois offers a consolidated application for state tax registration through the Illinois Department of Revenue. Note: We do not provide technical support for developing or debugging scripted download processes. You should also make sure to include a company name such as INC, CORP, CO, LIMITED or LTD in your company name. In other words, if a commercial creditor sues the company, the shareholders cannot be held personally liable for the company. At this first meeting of the board of directors, the following tasks are dealt with: At the organizational meeting, the company can issue the share certificates to its shareholders.
Step 5 – Next, you need to enter the identity of the registered agent for that company. That is, the physical or professional man (whose sole purpose is to act as a registered representative) who has been authorized and has assumed responsibility for the service of procedural documents prepared by a court during the action of this company. Type the display name in the first text box. Then, under the Address heading, specify the Illinois address managed by the registered agent. When you`re done, choose the „Next” button. Step 4 – The first field that requires information in the Illinois Articles of Association online form is the Company Name field. In the Company name text box, type the display name under which your company will exist and operate in the state of Illinois. It must be a unique name in the State of Illinois and must have Corporation, Corp., Company, Co., Incorporated, Inc., Limited or Ltd. in its name.
Note: The word „and” should not precede the word (or abbreviation of) „corporation”. Select the „Next” button once this is done. Step 7 – Now you need to enter the stock market information of this company. First, enter the total number of allowed shares that this company is allowed to distribute in the first text box. In the second text box, indicate the number of shares that can be issued before you need to contact the Secretary of State. In the third text box, type Consideration to receive therefore. It must be an integer. When you have entered all the information and confirmed that it is true, select the „Next” button.
Category: _______ Number of shares approved: ___|__ and a bank check, certified check, money order, or Illinois attorney/CPA check payable to the Secretary of State. This cheque should cover the full payment of all applicable fees (mandatory filing fee of $150.00) and the initial franchise tax you charge (you must pay at least $25.00). You can email this to: If you name a person, they must live in Illinois. For more information, see the SEC`s Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission. However, if you intend to tax your business as a mid-market entity (such as a partnership), you must file an S corporate tax election with the IRS. All companies operating in Illinois must file an annual report and pay the associated fees. This principle is called the limitation of liability.
If you intend to make an S Corp tax election, you will need to file an additional form with the IRS. Each share certificate contains the name of the shareholder, a certificate number, a date of issue, a description of the type of shares issued and the signature of the board of directors or the representative of the company. By using this website, you agree to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users. The EIN is a tax number assigned to the company by the IRS to ensure that tax authorities know which business entity they are dealing with. .