How to Start an LLC in Illinois (in 2020)

★★★ 3 Methods to Start an LLC in Illinois and what to avoid!

Start your LLC the smart way with Bizee (Formerly Incfile) – Click here for the best deal (paid link) 
➡️ bizbuddy.com/bizee
(On 12/1/23 Incfile rebranded to Bizee as they're offering a full suite of business services beyond just business formation). Check them out! ➡️ bizbuddy.com/bizee

I appreciate you using my affiliate links as I may earn a commission but with Bizee you get the lowest possible price of any LLC service around and we will donate $20 on your behalf to Crisis Services when you purchase an LLC with one of our links.

📣 Important Update: Illinois New State Fee: $154. (Last edited on sept/30/2023)

For complex businesses that carry more liability, you should consult with an attorney. I recommend Anderson Advisors. They offer a free 45-minute consult ➡️ thebizbud.co/anderson-advisors

Gusto Payroll ➡️ thebizbud.co/gusto-payroll

I use and recommend Gusto for low cost easy payroll setup. It's so much easier than QuickBooks or other payroll services that I have used. Don't be afraid to call their customer service number when setting up as they walked me through the typical spots I get tripped up with payroll and taxes.

Thanks for using my affiliate links. I may earn a commission, but you still get the lowest possible from Bizee, and we’ll donate $20 to Crisis Services for every LLC purchase.

The link above is helpful tool if you're looking for various credit card offers for your business. It will help you sort by various factors to create a clean list of credit card offers for your business.

Other Resources Mentioned:
IRS LLC FAQs ➡️ irs.gov/businesses/small-businesses-self-employ…

IllinoisLLC Filing State Website ➡️ ilsos.gov/llcarticles/placeOfBusiness.do
dat.maryland.gov/SDAT%20Forms/artorgan.pdf

Illinois LLC Attorneys ➡️
avvo.com/limited-liability-company-llc--lawyer/…

Start your LLC the smart way with Bizee (Formerly Incfile) – Click here for the best deal (paid link)  ➡️ bizbuddy.com/bizee

Table of Contents:
0:00 Intro to Illinois LLC
0:45 Illinois LLC State Website
0:50 Illinois LLC Filing Fees
1:30 Filing via Illinois Website
2:25 Registered Agents in Illinois
3:00 Explaining what an LLC does
4:36 Using online tools for your LLC
5:03 Using Bizee to register your LLC
6:30 Setting up your EIN
6:56 Business Bank Account so you don't commingle funds
7:50 Setting up LLC with Bizee steps
8:09 Finding an LLC Attorney in Illinois
9:15 Save on taxes with an S-Corp

#LLC #Illinois #bizee

Disclaimer- I am not an attorney or a CPA, just a small business owner who has researched this information thoroughly while setting up my own LLC (S-Corp now). This is meant as educational information but now legal advice in any way. If you need legal advice please consult with your attorney and CPA on the best fit for your needs.