How Much Is a Series LLC in Illinois?

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Cost of Series LLC in Illinois

  • Filing fee for organizing a series LLC: $750
  • Filing fee for Certificate of Designation for a new series: $50
  • Total filing fee for forming an Illinois series LLC is lower than the fees for separate LLCs

Taxation of Series LLC in Illinois

  • Series is typically taxed like a partnership in Illinois
  • Income or loss passes through from the LLC to members, avoiding double taxation

Requirements and Fees

  • Registering a foreign LLC in Illinois costs $150
  • Illinois imposes a 1.5% tax on LLCs’ net income
  • Series LLC name must include "limited liability company," avoid restricted words
  • Need Illinois registered agent for service of process on behalf of Series LLC

Expedited Processing

  • For in-person registration, request same-day service for $100
  • Expedited processing available for additional $100 at Illinois Secretary of State’s office

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