Illinois reduces the filing fees for LLCs

On December 20, 2017,  Illinois reduced the costs of forming and maintaining an LLC.  Now the fee to file Articles of Organization for a new LLC is $150 (compared to $500) and the fee to file an Annual report is now $75 (compared to $250). These are big savings! 

Remember, with the registration of a new LLC, you should also have an Operating Agreement drafted to ensure that your LLC runs smoothly.