Are you looking for information on how to close an LLC in Illinois? This article will provide you with clear and concise answers to help you understand the process. We will also provide you with additional resources to make the process as straightforward as possible.

How to Close LLC in Illinois?

To dissolve an Illinois LLC, you must submit two duplicate copies of the Articles of Dissolution to the office of the Illinois Secretary of State along with a filing fee of $100. The filing usually takes about a week to process. The post office address to which a copy of any process against the Limited Liability Company that may be served on the Secretary of State may be mailed is:

Illinois Secretary of State
Department of Business Services
Limited Liability Division
501 South Second Street, Rm. 353
Springfield, IL 62756

Steps to Dissolve an Illinois LLC

  • Follow your LLC’s operating agreement
  • Hold a vote with LLC members to dissolve the LLC
  • Record the dissolution vote in the minutes of the meeting
  • Complete the Articles of Dissolution and submit them with the filing fee to the Secretary of State
  • Obtain a Certificate of Dissolution from the Secretary of State upon approval
  • Notify the Illinois Department of Revenue when closing a business to determine tax liabilities

When you decide to close your business, you must contact the Illinois Department of Revenue regarding your tax liabilities. Contact can be made by calling the department at (800) 732-8866. You can also make an appointment by visiting the Illinois Department of Revenue website.

Closing an LLC in Illinois is a straightforward process if you have all of the necessary information. With the help of this article, you should now have a good understanding of the steps you need to take to dissolve your LLC. If you require more detailed advice, we recommend visiting Atlantabusinesses.com, a great resource for answers to all your questions about selling a business and about business brokers.

What is the process for shutting down an LLC in Illinois?

When it’s time to shut down your business, you should reach out to the Illinois Department of Revenue about any taxes you owe. You can connect with them electronically using MyTax Illinois, or you can call them at 217-785-3707.

Is it necessary to dissolve an LLC in Illinois?

If the LLC in Illinois is not officially dissolved by the Secretary of State, it can be subject to fines and have to continue to pay annual fees.

What is the procedure for shutting down a business in Illinois?

You need to submit two copies of the BCA 12.20, Articles of Dissolution form to the Secretary of State’s office, either by mail or in person, along with the required filing fee.

What is the process of dissolving a partnership LLC in Illinois?

In Illinois, the official way to terminate your business is to submit an Articles of Dissolution to the Secretary of State. On the other hand, if you neglect to tell the state and let your registration expire, the state will automatically dissolve your business.