Steps to Dissolve an LLC in Illinois
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Vote for dissolution: Illinois law requires consent of all members. Draft a resolution to dissolve the LLC.
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Cancel licenses and permits to avoid renewal fees.
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File articles of dissolution: Include the LLC’s name, file number, authorized signatures, and mailing address. No fee is required.
Closing a Small Business in Illinois
To legally close a business in Illinois, follow these steps:
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All members must vote and consent to dissolve the LLC. Draft a resolution documenting the decision.
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Cancel licenses and permits to avoid renewal fees.
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File articles of dissolution with the LLC’s information and authorized signatures. No fee is required.
Cost of LLC in Illinois
To legally close a business in Illinois, ensure compliance with all requirements from the Secretary of State’s office.
Your registered Illinois LLC can be closed by dissolving and winding up the firm.
Resolve outstanding financial obligations before filing state dissolution paperwork to avoid penalties and interest.
To dissolve an Illinois domestic LLC, mail the completed LLC-35-15 form and fee to the Secretary of State.
Professional assistance can ensure you avoid unexpected fees and properly close your business. Illinois reports one to ten day processing times, with expedited processing available for an additional cost.