Top 10 LLC Cost in Illinois: A Comprehensive Guide

In this article, we will explore the top 10 LLC cost in Illinois, including the fees, taxes, and other expenses associated with forming a Limited Liability Company (LLC) in the state. Whether you're a small business owner, entrepreneur, or individual looking to protect your personal assets, understanding the costs involved in forming an LLC is crucial.

• Filing Fees: $150-$500
• Registered Agent Fees: $100-$300 per year
• Business License Fees: $50-$200 per year
• Annual Report Fees: $25-$100
• Taxes: 4.95% state income tax, 6.25% state sales tax
• Insurance: $500-$5,000 per year
• Accounting and Bookkeeping: $1,000-$5,000 per year
• Marketing and Advertising: $1,000-$10,000 per year
• Office Space and Equipment: $1,000-$10,000 per year
• Miscellaneous Expenses: $500-$5,000 per year

By understanding the top 10 LLC cost in Illinois, you can make informed decisions about your business and ensure that you're prepared for the expenses associated with forming and operating an LLC.