Form a Corporation in Illinois
Everything you need to know about forming a Corporation in Illinois. Filing fees, requirements, timeline, and step-by-step guidance.
How to File
Choose a Corporate Name
Select a unique name ending with 'Corporation,' 'Incorporated,' 'Company,' or abbreviations. Check availability through Illinois Secretary of State.
1-2 hours
Appoint a Registered Agent
Designate an Illinois resident or entity authorized to conduct business in Illinois to receive legal documents.
30 minutes
Prepare Articles of Incorporation
Complete Form BCA 2.10 including corporate name, registered agent, share structure, and incorporator information.
1 hour
File Articles of Incorporation
Submit completed form with filing fee to Illinois Secretary of State online, by mail, or in person.
15 minutes
What's Next After Filing
Once your Corporation is officially formed, you'll want to complete these important steps:
- •Create Corporate Bylaws — Draft internal governing rules for corporate operations, though not required to be filed with the state.
- •Hold Organizational Meeting — Conduct first board meeting to adopt bylaws, elect officers, and issue initial stock certificates.
- •Obtain EIN and Business Licenses — Apply for federal tax ID number and any required business licenses or permits for your industry.
Advantages
- ✓Limited liability protection for shareholders
- ✓Ability to raise capital through stock offerings
- ✓Perpetual existence independent of ownership changes
- ✓Enhanced business credibility and professional image
Considerations
- •Double taxation on corporate profits and dividends
- •Complex compliance requirements and recordkeeping
- •Formal corporate governance and meeting requirements
Annual Obligations
What OpenChamber Does
We don't file paperwork for you — we guide you through doing it yourself, which saves money and helps you understand your business from day one.
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Every task you need, organized by priority and tailored to Illinois.
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Progress Tracking
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