Fill and Sign the Il Pllc Form

Prepared by U.S. Legal Forms, Inc. Copyright - U.S. Legal Forms, Inc. LIMITED LIABILITY COMPANY FOR STATE-LICENSED PROFESSIONALS STATE OF ILLINOIS Control Number: IL-00PLLC The contents of this package are as follows: 1. Statutory Reference 2. Introductory Note 3. Forms List 4. Notes on Downloading the Forms 5. Notes on Completing the Forms 6. Instructions and Steps 7. Accessories 8. Sample Ledger and Certificate 9. Disclaimer LIMITED LIABILITY COMPANY For State-Licensed Professionals FORMATION PACKAGE – ILLINOIS Electronic Version Statutory Reference 805 ILCS 180 - Illinois Limited Liability Company Act http://www.ilga.gov/legislation/ilcs/ilcs.asp Introductory Note This package may be used for the formation of an LLC to practice any state-licensed profession. Fill in the blanks with the name of your profession as appropriate. Remember to check with the regulatory/ governing/ examining board or agency for your profession to confirm you are in compliance with all applicable rules, regulations, and other requirements applicable to your profession when forming an LLC. In the State of Illinois, there are several organizational choices for the rendition of professional services: a Professional Service Corporation, a Professional Association, and a Limited Liability Company. A LLC organized to engage in the practice of a profession is subject to the provisions of the Illinois Limited Liability Company Act and all law, rules and regulations applicable to the profession. * * * Forms List The following forms are available for download with this package.  IL-NAMERESV-LLC: Application for Reservation of Entity Name  IL-00LLCT: Articles of Organization  IL-PLLC-TL: Sample Transmittal Letter  IL-PLLC-1: Sample Operating Agreement  US-IRS-SS-4 : Application for Federal Tax Identification Number & Instructions  IL-PLLC-NR: Sample Notices & Resolutions Instructions on using the forms are either included with the forms and/or found in the Steps to form LLC section, below. * * * Notes on Downloading the Forms In order that we can provide you with the most up to date forms at all times, all forms are located on our servers for you to down load, complete and print. Downloading instructions are provided and we will assist if you have any problems. From the the download page, the easiest procedure to download the forms is to right click on the form links and select “save target as” to save each form to your hard drive. You will have six days during which you can return to the forms download page to download the forms again if needed. You are advised to save the forms to your computer as soon as possible to avoid any problem with the six day limit. * * * Notes on Completing the Forms The forms in this package may be available in Adobe Acrobat (“.pdf”) and/or Microsoft Word (“.doc”) format. If available in .pdf format, the forms will contain “fillable” blanks which you can type directly into, and print. However, you can still print the form and fill in with a typewriter or by hand if you desire. If available in .doc format, the forms may contain “form fields” created using Microsoft Word. “Form fields” facilitate completion of the forms using your computer. They do not limit you ability to print the form “in blank” and complete with a typewriter or by hand. To complete the forms click on the gray shaded areas and type the information. For the separation agreement complete the gray shaded areas and also make any other changes or additions to resolve all issues. If you do not see the gray shaded form fields, go the View menu, click on Toolbars, and then select Forms. This will open the forms toolbar. Look for the button on the forms toolbar that resembles a shaded letter “a”. Click in this button and the form fields, if present, will become visible. If there are no form fields, just type into the document, underlining if necessary, to complete the form. Some forms may be “locked” which means that the content of the forms cannot be changed unless the form is unlocked. You can only fill in the information in the fields. If you need to make any changes in the body of the form, it is necessary for you “unlock” or “unprotect” the form. IF YOU INTEND TO MAKE CHANGES TO THE CONTENT, DO SO BEFORE YOU BEGIN TO FILL IN THE FIELDS. IF YOU UNLOCK THE DOCUMENT AFTER YOU HAVE BEGUN TO COMPLETE THE FIELDS, WHEN YOU RELOCK, ALL INFORMATION YOU ENTERED WILL BE LOST. To unlock click on “Tools” in the Menu bar and then selecting “unprotect document”. You may then be prompted to enter a password. If so, the password is “uslf”. That is uslf in lower case letters without the quotation marks. After you make the changes relock the document before you begin to complete the fields. After any required changes relock the form, then click on the first form field and enter the required information. You will be able to navigate through the document from form field to form field using your tab key. Tab to a form field and insert your data. If you experience problems, please let us know. * * * Steps to form LLC Step 1: See FORM: IL-NAMERESV-LLC APPLICATION FOR RESERVATION OF NAME It is recommended that you reserve a LLC name in order to assure that your Articles of Organization are not rejected because the name you have selected is not available. However, the reservation fee is $300.00. You could always re-file your Articles under a different name. You may use this website to check whether or not a name you wish to use is already in use: http://www.ilsos.gov/corporatellc/ Alternatively, a preliminary check of corporate name availability may continue to be conducted via telephone by calling (217) 782-9521 for corporations, or (217) 524-8008 for LLCs. An internet or telephone check, however, is only a preliminary clearance. The final decision regarding name availability will be made when the application is submitted for filing. Preliminary searches do not guarantee the availability of the name . You may skip this step and go to Step 2, but if the limited liability name you have selected is not available, the Articles of Organization will be rejected and returned to you. The Application to Reserve Name MUST be type-written. The name of a limited liability company: (a) MUST contain the terms "limited liability company", "L.L.C.", or "LLC". (b) MUST consist of letters of the English alphabet, Arabic or Roman numerals, or symbols capable of being readily reproduced by the Office of the Secretary of State. (c) SHALL NOT contain any of the following terms: "Corporation", "Corp.", "Incorporated", "Inc.", "Ltd.", "Co.", "Limited Partnership" or "L.P." (d) MUST be the name under which the limited liability company transacts business in Illinois unless the limited liability company elects to adopt an assumed name or names. (e) SHALL NOT contain any word or phrase that indicates or implies that the limited liability company is authorized or empowered to be in the business of a corporate fiduciary unless otherwise permitted by the Commissioner of the Office of Banks and Real Estate under the Corporate Fiduciary Act. (f) MUST contain the word "trust", if it is a limited liability company organized for the purpose of accepting and executing trusts. (g) SHALL NOT contain any word or phrase that indicates or implies that it is organized for any purposes other than those permitted by the Limited Liability Company Act and/or as limited by its articles of organization. (h) SHALL be distinguishable upon the records in the Office of the Secretary of State from all of the following: any limited liability company; any foreign limited liability company admitted to transact business in Illinois; any name for which an exclusive right has been reserved in the Office of the Secretary of State; and any assumed name that is registered with the Secretary of State. The filing fee to reserve a LLC name for 90 days is $300. You may renew the reservation every 90 days. The fee for a renewal is $100. Mail the original and one copy of the APPLICATION TO RESERVE A NAME along with the $300.00 filing fee (Make check payable to the Illinois Secretary of State) , to Illinois Secretary of State Department of Business Services Limited Liability Company Division Room 351, Howlett Building Springfield, IL 62756 Step 2: See FORM: IL-00LLCT ARTICLES OF ORGANIZATION Once you have reserved the limited liability company name, or if you have chosen to proceed without reserving a name, you are ready to complete the Articles of Organization. Instructions to complete the Limited Liability Company Articles of Organization The Articles of Organization MUST be typewritten. 1. Provide the limited liability company name you have chosen. 2. Provide the STREET ADDRESS of the principal place of business of the LLC. A P.O. Box alone is insufficient. 3. The Articles of Organization may be effective either on the filing date or on a specific date. You must decide which time you want to use and provide that information. 4. Provide the name of the Registered Agent and the address (not P.O. Box) of the Registered office. The Registered Agent is the person or entity which will accept legal documents and process for the corporation. 5. Provide a brief description of the business of the LLC. 6. Unless you plan for the LLC to dissolve on a specific date, then you will write "None" in this space. 7. Complete if desired. Otherwise, leave blank. 8. You must decide if the LLC will be managed by Manager(s) or by the Member(s). Check either a) or b) and provide the appropriate names and addresses of the Manager(s) or Member(s). 9. Date the Articles of Organization. Have the organizer(s) sign the Articles, type or print his/her name, and provide the name if the organizer is a corporation or other entity. Provide the STREET address of each organizer.  The filing fee for the Articles of Organization is $500.00. Payment must be made by certified check, cashier’s check, Illinois attorney’s check, Illinois C.P.A.’s check or money order, payable to “Secretary of State.” Step 3: Mail the original and one copy of the ARTICLES OF ORGANIZATION and the filing fee (make check payable to Secretary of State) to: Illinois Secretary of State Department of Business Services Limited Liability Company Division Room 351, Howlett Building Springfield, IL 62756 A cover letter to send with the Articles of Organization is included in this packet. See FORM: IL-PLLC-TL SAMPLE TRANSMITTAL LETTER Step 4: Complete an Operating Agreement. See FORM: IL-PLLC-1 SAMPLE OPERATING AGREEMENT Step 5: Apply for a Federal Tax Identification Number. This is done with form US-IRS- SS-4. Mail to your regional IRS office. See Supplemental Form: US-IRS-SS-4 FEDERAL TAX ID APPLICATION AND INSTRUCIONS Step 6: Open a bank account and conduct business. Ongoing: Sample Notices and Resolutions are provided for your convenience. See FORM: IL-PLLC-NR SAMPLE NOTICES & RESOLUTIONS * * * Accessories U. S. Legal Forms, Inc. offers the following LLC accessories: LLC Seal: If you would like to order a LLC seal call U.S. Legal Forms, Inc. at (601) 825-0382. Engraved with your company name: $24.95 plus shipping, or see http://www.uslegalbookstore.com/officeproducts/ Imprinted (or blank) Lithographed LLC Membership Certificates: Preview Order for your state * * * SAMPLE OWNERSHIP LEDGER and SIMPLE MEMBERSHIP CERTIFICATE Ownership Ledger Name and Residence Address of LLC Member Date of Transfer % Ownership Amount Paid Subsequen t Transfer Membership Certifcate No. ____ LIMITED LIABILITY COMPANY- STATE OF ILLINOIS Percentage: ___ This Certifcate certifes that _________________________________, is a true and lawful owner of ____ percent ownership of _________________________, an Illinois Limited Liability Company. Such ownership interest is only transferable in accordance with the Operating Agreement between the Members. This certifcate is issued by the Limited Liability Company by its duly authorized ofcers on this the ____ day of _________, 20___. __________________ ___________________ Disclaimer THESE MATERIALS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U. S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. If you are not an attorney, you are advised to seek the advice of an attorney for all serious legal matters. The information and forms contained herein are not legal advice and are not to be construed as such. Although the information contained herein is believed to be correct, no warranty of fitness or any other warranty shall apply. All use is subject to the U.S. Legal Forms, Inc. Disclaimer and License located here: http://www.uslegalforms.com/disclaimer.htm . To view, click on the link, or copy it into the address window of your web browser. If you cannot view the information contained at the link above, or do not agree to the terms therein, you may not use the package materials. Return the package for a full refund. * * * ~ Thank you for using USLF ~