LLC Cost in Illinois — Complete Breakdown
Everything you need to know about forming and maintaining an LLC in Illinois.
Illinois LLC Formation Costs
Detailed Cost Breakdown for Illinois
| Cost Item | Amount |
|---|---|
| Articles of Organization (Filing Fee) | $150 |
| Annual Report / Franchise Tax | $75/yr |
| Registered Agent Service | $150/yr |
| Expedited Processing (optional) | +$100 |
| Operating Agreement (recommended) | $0 – $200 |
| EIN (Federal Tax ID) | Free (IRS) |
| Estimated First-Year Total | $375 |
Cost Comparison: Illinois vs. Neighboring States
| State | Filing Fee | Annual Fee | Total 1st Year | vs. Illinois |
|---|---|---|---|---|
| Illinois | $150 | $75 | $375 | — |
| Wisconsin | $130 | $25 | $305 | -$70 |
| Iowa | $50 | $60 | $260 | -$115 |
| Missouri | $50 | $0 | $200 | -$175 |
| Kentucky | $40 | $15 | $205 | -$170 |
| Indiana | $95 | $31 | $276 | -$99 |
Frequently Asked Questions: Illinois LLC
How much does it cost to start an LLC in Illinois?
The state filing fee for an LLC in Illinois is $150. Including a registered agent service (~$150/yr) and any annual report fees ($75), expect total first-year costs of approximately $375.
How long does it take to form an LLC in Illinois?
Standard processing in Illinois takes 5-10 business days. Expedited processing is available for an additional $100 and takes 1 business day.
Does Illinois require a registered agent?
Yes, Illinois requires all LLCs to maintain a registered agent with a physical address in the state. Professional registered agent services typically cost $150/year.
What are the annual costs of an LLC in Illinois?
Annual LLC costs in Illinois include the annual report/franchise tax fee of $75 and registered agent fees of approximately $150/year, for a total of about $225 per year after formation.
Can I be my own registered agent in Illinois?
Yes, you can serve as your own registered agent in Illinois as long as you have a physical street address in the state and are available during business hours to accept legal documents.