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Illinois Corporation and Partnership Law

Resources on corporation and partnership law in Illinois.

Illinois Corporation and Partnership Law
Illinois incorporation services, registered agent services, corporate compliance and document filing to law firms and individuals.
Contact Us | Why Incorporate? | Registered Agent | FAQs
www.InCorp.com/  Save My Rating
Illinois Corporation & Partnership Law
Incorporation and LLC formation services in Illinois. Obtain a Quick Quote in seconds. 1000's of entities formed each year.
smallbizincorporator.com  Save My Rating
Incorporate in Illinois - $199.95 Complete
Incorporation package includes your corporate seal and book, articles of incorporation, stock certificates, by laws, name search, and more.
www.AmeriLawyer.com  Save My Rating
Full Company Profiles
Research Global Companies & Execs. Detailed Business Info - Free Trial
www.OneSource.com
Illinois Corporation $195
Includes All State Filing Fees Work Done By IL. Attorneys
www.IncMeNowLaw.com
Incorporate in IL $199.95
Price Includes State Filing Fees! And Complete Corporate Package.
www.AmeriLawyer.com
$49 Online Illinois Formation Service
Fast, Affordable LLC Formation. Order Online Today. Free Gift!
Incorporate Now | Call Toll Free | Low Cost | LLC Formation
IncFile.com  Save My Rating
Corporation Law
Online Incorporation at LegalZoom. Fast, Easy, Low-Cost. Learn More.
www.LegalZoom.com
Illinois Companies
Access Business Information For All Illinois Companies & Build Lists!
www.selectory.com
Form a Company for Less
Incorporate for $25 plus state fees Save money & time at Instacorp.com
Instacorp.com
Incorporate Today Easily
LLC or Corp in Any State - $79 BBB Honor Roll, Professional, Fast
www.MyNewCompany.com
Incorporate in Illinois
$31 + State Fees Is All It Takes Thousands Formed Every Year
www.SmallBizIncorporator.com

A-Z Illinois Corporation and Partnership Law Provider Directory
1-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
A
Incorporate in Illinois - $199.95 Complete
Incorporation package includes your corporate seal and book, articles of incorporation, stock certificates, by laws, name search, and more.
www.AmeriLawyer.com
I
$49 Online Illinois Formation Service
Fast, Affordable LLC Formation. Order Online Today. Free Gift!
IncFile.com
Illinois Corporation and Partnership Law
Illinois incorporation services, registered agent services, corporate compliance and document filing to law firms and individuals.
www.InCorp.com/
S
Illinois Corporation & Partnership Law
Incorporation and LLC formation services in Illinois. Obtain a Quick Quote in seconds. 1000's of entities formed each year.
smallbizincorporator.com
Business Forms and Fee Schedules
From the Department of Business Services.
www.sos.state.il.us
Full Company Profiles
Research Global Companies & Execs. Detailed Business Info - Free Trial
www.OneSource.com
Illinois Corporation $195
Includes All State Filing Fees Work Done By IL. Attorneys
www.IncMeNowLaw.com
Incorporate in IL $199.95
Price Includes State Filing Fees! And Complete Corporate Package.
www.AmeriLawyer.com

Guide to Illinois Corporation and Partnership Law


Structure your small business to protect personal assets and maximize tax savings


Starting a new Ilinois business requires deciding whether you should incorporate in Illinois, form an Illinois partnership, or create some other type of legal entity. This decision is critical as it controls the amount of business debt that you personally assume, it determines the number of investors you may have and therefore influences your access to capital, and it establishes your tax and regulatory obligations.

Illinois incorporation is usually the preferred option as it is attractive to investors and it provides the most personal liability protection. However, if you do not have outside investors, this structure might not be preferable because profits will be subject to taxation at both the business and personal income levels.

Creating an Illinois partnership under Illinois corporation laws eliminates the double taxation issue as business income from a partnership is subject only to personal income tax, but individual partners remain liable for joint business debts.

You can form a company under Illinois corporation laws as an:

1. Illinois corporation (business or non-profit)

2. Illinois limited liability company (LLC)

3. Illinois partnership (general or limited)

4. Illinois association (professional, co-op, agriculture, cemetery, or national)


Action Steps

The best contacts and resources to help you get it done

Select the best structure: Illinois partnership or corporation When deciding which legal option under Illinois corporation law is best for your business, you should: assess personal liability obligations, understand the tax implications, become aware of operating formality requirements, and familiarize yourself with any related registration or reporting regulations.

I recommend:  You can use FindLaw to help guide you through the decision making process or to find an Illinois attorney.

Make Illinois incorporation a reality Illinois corporation law, including Illinois LLC law and Illinois partnership law, requires the filing of registration forms with the Secretary of State and the payment of associated fees to incorporate in Illinois or form Illinois partnerships. Depending on how you decide to structure your business, you might also have to file Articles of Incorporation and/or by-laws.

I recommend:  File to incorporate in Illinois or form an Illinois partnership online at the Illinois Secretary of State site or use Legalzoom to complete all of the required steps for incorporating in Illinois.

Sweat the small stuff when incorporating in Illinois Follow all Illinois incorporation requirements to the letter. Illinois corporation law requires Illinois companies and partnerships to comply with all respective formation, operating, reporting, and disclosure requirements specifically set forth in each state statute.

I recommend:  You should carefully review the statutes at the Illinois General Assembly website.

Tips & Tactics

Helpful advice for making the most of this Guide
  • Individual state laws vary, so conduct your own research or find an attorney who can advise you as to whether Illinois corporation laws will be most advantageous to your business needs.
  • Illinois LLC law allows you to form limited liability companies (LLCs), which are regulated like corporations and provide similar liability protection, but are taxed like partnerships.
  • Unlike some states, Illinois law does not provide for limited liability partnerships. These entities protect partners from liability for debts and obligations assumed by other partners while offering operational freedoms of a partnership. You should take this into consideration when deciding to form an Illinois partnership.

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Guide author
By Kelly J. Balok
Law
User Rating
8.0
out of 10
Structure your small business to protect personal assets and maximize tax savings.
Starting a new Ilinois business requires deciding whether you should incorporate in Illinois, form an Illinois partnership, or create some other type of legal entity. This decision is critical as it controls the amount of business debt that you personally assume, it determines the number of investors you may have and therefore influences your access to capital, and it establishes your tax and regulatory obligations.Illinois ... Read more

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