Registered Agent and Service Costs
Illinois registered agent service providers typically charge between $49 and $200 per year. An Illinois Registered Agent (aka Statutory Agent) is a person or company who agrees to accept legal documents on behalf of your LLC in case it gets involved in a lawsuit.
Do I Need a Registered Agent?
Is an Illinois Registered Agent Necessary For Your Business? Having a registered agent is mandatory when forming a Limited Liability Company (LLC), corporation, or Limited Partnership (LP) in Illinois.
Your registered agent will send you reminders that this work needs to be completed, and some will even provide you with the proper documents to make your work even easier.
Electing or Being Your Own Registered Agent
How Do I Elect a Registered Agent in Illinois? LLCs operating in Illinois are required to have a registered agent. A registered agent is an individual who lives in Illinois or a business entity that’s authorized to do business in the state and is willing to accept tax or other legal paperwork on behalf of your LLC.
Can I be my own registered agent in Illinois? To be your own LLC Registered Agent, you need to have a physical address in Illinois. You might also designate a member of your LLC or a friend you trust, as long as they match these standards as well.
Unless you find a way to be in two places at once, it will be all but impossible to simultaneously act as a registered agent in Illinois and effectively manage your business. However, you won’t have to pay fees to a registered agent service in Illinois if you can manage it.
In Illinois, registered agents must be 18 years or older, have a physical address in Illinois, be available during regular business hours, be a resident of Illinois, and be registered to operate in Illinois.