If you’re planning to start a business in the state of Illinois, one of the initial steps is to file Articles of Incorporation. This document is crucial to legally establish your business entity as a corporation in the state. The following is an outline of what Illinois Articles of Incorporation are and how you can file them.
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What are Illinois Articles of Incorporation?
The Illinois Articles of Incorporation is a legal document that needs to be filed with the Illinois Secretary of State if you want to incorporate your business in Illinois. It specifies all essential information regarding your corporation. The information you need to file covers the following:
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- The name of the corporation
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- The business office address
- The purpose of the corporation
- The number of authorized shares of stock the corporation can issue
- The registered agent’s name and business address
- The names and addresses of the initial directors of the corporation
Pre-Requisites to File for Articles of Incorporation
Before filing for Articles of Incorporation, there are some things you need to think about. Here are the pre-requisites steps for filing the Articles of Incorporation
Choose a Name for Your Corporation
The first step is to choose a name for your incorporation. It’s better to take time to think about it because once you have filed and registered your company’s name, it can be challenging to change it down the line. You can search for the availability of a name on the Illinois Secretary of State's website as a free to use resource, called the "Corporate Name Database".
Ensure that no other company is using the name, or something similar in Illinois. You can also use the website to reserve a name for up to 60 days if you are uncertain when you’ll have the required information for filing your Articles of Incorporation.
Pick A Registered Agent
A registered agent will be mandated for any Illinois registered corporation. This agent will act as the point of correspondence between yourself and relevant Illinois authorities. Create sure that you appoint a certified agent. And an agent needs to have a legal and physical address that can be used for communication purposes.
Article of Incorporation Fee
The Illinois state requires a filing fee of $150.00 for the Articles of Incorporation. So you’ll have to pay the fee when submitting your incorporation papers.
How to File Articles of Incorporation
After you’ve completed the preliminary steps, this is the final stage of filing Articles of Incorporation.
Step 01 - Get the Right Forms
You can acquire the Illinois Articles of Incorporation form CP-0137 from the Illinois Secretary of State website for free. Download the form for printing and make a caution on the pledge record at the base of the document.
Step 02 - Fill Your Corporate Details in
Fill in the required details such as - entity type, formation date, company name, management structure, stock count, director information.
Step 03 - Incorporator Information
Provide your investigator information (it can be correlative directors/creators), business location address, Filing a Verifying VAT, It is necessary for ensuring compliance with identity-obliging institution acts, regulations, rules, administrative solicitations, discipline arrangements, and so on where an Illinois-CDL state tax wager is referenced by that acknowledgement or defense.
Step 04 - Submit the Form of Incorporation with Filing Fee
Mail or online submission to the Secretary of State and delivering with the informative expense aligned with which authorized motion payment process basic resents the requisite filing fee.
Step 05 - Get Confirmation
Once you send off your official document, the Secretary of State will verify your Articles of Incorporation creating a certified Illinois CDL document of qualification that will pass forthforwarded to your professional address, used in Website. You use the market copy of the formal document.
Conclusion
Filing Articles of Incorporation can seem like a challenging procedure that’s packed with legal requirements. But in reality, once you have the preliminary steps prepared, the process isn't too arduous. Be sure that you give true attention to the particulars when organizing the preceding processes; having a lawyer can help set the structure strongly compatible with your essential election to make qualifying yourself managed services contract of Illinois Business Law Corporate entails expertise. Don’t forget about working through other incorporation necessities simultaneously. Always remember that you can contact your lawyer, accountant and department consultants if you need any aid or clarification as you do anything along the road. If you’ve intended everything properly before record presentations, interesting guardians get way slimming.
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