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 a Guide for Organizing Domestic Limited Liability Companies in Illnois Spanish 2020-2025

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so the time has come to formalize your business by starting an LLC great thinking an LLC can Shield your personal assets such as your home and car from certain kinds of lawsuits if your business is sued in this video we'll show you how to set up an LLC forming one in Illinois can be easy when you follow these five simple steps step one choosing a name for your LLC the first step choosing a name requires some due diligence before a final decision is made problems with the name are a frequent reason many LLC applications in Illinois fail the Illinois Department of Business Services won't approve a name that is the same or too similar to an existing one to ensure your application succeeds you should follow the state laws which say that the name must contain the terms limited liability company LLC with periods after each letter or LLC or if organized as a low profit limited liability company it must contain the term l3c it must not contain any of the following terms Corpora

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