![]() Unless it is within your articles, most of the time, the number and limit of directors will be listed in your bylaws. If the shareholders numbers are less than three or if no shares are issued by a corporation, there are some exceptions to this rule. But it is necessary in general to have a minimum of three directors for an Illinois Corporation. If you decide to do so, you can fill all of these roles yourself, or another person can fill all three roles. ![]() These officer positions are president, secretary, and treasurer. Similarly, initial directors can be named in the articles if desired, provided that all directors are included and sign the document.Įvery corporation needs to have three positions filled from the get-go. This can be changed in a custom document. To illustrate: the default articles of incorporation limit the corporation to one class of shares. It's possible to hire an attorney to draw up these documents from scratch. ![]() ![]() You can either download minimum requirement forms from the state of Illinois, which do meet the minimum requirements of the Corporations Code of Illinois, or you can create your own documents. A Professional Corporation is mandated by Illinois for certain professionals. You may choose to be a Close Corporation, setting a limit in the articles on the number of shareholders (not to exceed 35). The most common type of corporation is the General Stock Corporation, with an unlimited potential number of shareholders. You'll need an initial Board of Directors meeting to adopt bylaws, which are not filed with the state but kept in your own records, and to appoint officers, who are not required to be listed in the articles of incorporation. You'll need to know who your corporate officers are, and any directors. Outside of the filing itself, you'll need your Federal Tax ID Number (EIN) from the IRS. In addition to this, you'll need some specific pieces of information, including an available company name, your company's corporate address, what type of corporation you want to create, how many shares you’ll be authorizing your corporation to issue, who your registered agent is, and the number of shareholders you'll have. The main thing you need to have are your articles of incorporation. There are many things that you will need to know from the outset when you decide to create your new corporation. While it is not required that you have an attorney in order to file Illinois incorporation paperwork, if you have questions or concerns about your specific situation, always contact a licensed professional. CEO address and contact information: A person with authority to act on behalf of the LLC, such as a CEO, must sign the annual report.For those hoping to incorporate their businesses in the state of Illinois, we can help! SunDoc Filings offers assistance with filing incorporation paperwork in Illinois.īelow, you'll find an outline of everything you need to know about incorporation in Illinois, but remember that this article cannot be construed as professional tax, legal, or accounting advice.Your LLC state reference number: You should have received a number from the Illinois Secretary of State when you formed the LLC or registered it as a foreign business entity.LLC EIN number: You might need the employer identification number (EIN) that you obtained from the IRS.You cannot use the annual report to change the registered agent or registered office. Registered agent contact information: You must provide the name and address of the registered agent.The business purpose and industry: You may need to provide a brief summary of what your LLC does.This may consist of members, managers, or a combination of both. Names and addresses of members and/or managers: The annual report should identify the individuals or businesses with the authority to manage the LLC’s operations.Primary business address: You must provide a street address. ![]() You do not need to include a DBA or other assumed name.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |