How Much Does a Series LLC Cost in Illinois?

Overview of Illinois Series LLC

  • Formation and Fees

    • Filing fees and costs
    • Taxation details
  • Operating and Maintenance

    • Liability protection
    • Administrative considerations
  • Key Benefits and Considerations


Formation and Fees

  • The filing fee for organizing a series LLC is $750, while creating a new series costs $50.
  • Registering a foreign LLC in Illinois costs $150, with expedited processing available for an additional fee.

Operating and Maintenance

  • Series LLCs in Illinois separate assets and liabilities into individual "series," allowing independent operations.
  • The Illinois Secretary of State charges $400 to organize a series LLC, with expedited processing options available.

Key Benefits and Considerations

  • A Series LLC separates personal and business assets, offering multiple tax options and flexibility in management.
  • Series LLCs originated for mutual funds but are now popular among small businesses.
  • Each series within a series LLC functions as an independent entity, providing liability protection and operational flexibility.

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