Overview of Starting a Business in Illinois
- The Illinois LLC filing fee is $150.
- With a population of over 12 million, Illinois ranks as one of the best states to start a business.
- The Illinois Back to Business New Business Grant Program provides financial relief to businesses and nonprofit organizations.
Starting a Nonprofit in Illinois
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Cost of Starting a Nonprofit in Illinois
- The cost to form a typical 501(c)(3) nonprofit organization is around $3,000.
- More complex nonprofits can cost upwards of $8,000.
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Steps to Form a Nonprofit in Illinois
- The name must be unique.
- Each not-for-profit is governed by a board of directors.
- A nonprofit cannot be owned by one person or group.
- Illinois requires a Registered Agent for nonprofit corporations.
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Filing for 501c3 in Illinois
- In order to file paper forms for 501c3, a $50 filing fee is required.
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Timeline and Costs
- The exact fees and costs for starting a nonprofit in Illinois vary based on location and other factors.
- Grants can help cover startup costs.
Resources and Support
- In February 2024, a self-guided e-course will be launched to assist those interested in starting a nonprofit in Oregon.
- LLCBase offers guidance for forming a Nonprofit Corporation in Illinois.