Work with a Trusted LLC Business Attorney to Form and Structure Your Limited Liability Company
Limited liability companies are a flexible and commonly used entity structure for operating businesses, professional practices, and investment vehicles. Linnemeyer Law advises clients on the formation and structuring of Illinois LLCs, including ownership arrangements, governance, and tax elections, with an emphasis on clarity, compliance, and long-term planning.
- For a limited liability company that provides professional services licensed by the IDFPR, visit our Professional Limited Liability (PLLC) page.
Flat Fee Single Member LLC Formation
$500 + Costs
Includes:
-Articles of Organization
-EIN (Employment Identification Number)
-S-Election (if applicable)
-Operating Agreement
-Registered Agent Service (5 years)
Is an LLC the Right Entity to Form for Your Business?
LLCs are frequently used due to their flexibility in ownership, management, and taxation. Depending on the business, an LLC may be structured as a single‑member or multi‑member entity, may qualify as a professional LLC, or may elect alternative tax treatment. Linnemeyer Law helps clients evaluate whether an LLC – and which type of LLC – is appropriate given their business objectives.
- Explore our Entity Selection page to see other options.
Common LLC Structures
- Single‑Member and Multi‑Member LLCs – flexible ownership and management structures
- Professional LLCs (PLLCs) – for licensed professionals subject to regulatory requirements
- Series LLCs – asset‑segregation structures for investment and multi‑asset ownership
- LLCs Electing S‑Corporation Tax Treatment – potential tax efficiency in appropriate circumstances
Establishing an LLC
Linnemeyer Law advises clients on the legal requirements and structuring considerations involved in forming an Illinois limited liability company. Our role includes preparing and filing formation documents, coordinating registered agent arrangements, and addressing initial governance matters.
LLC Formation Services
Linnemeyer Law offers flat‑fee LLC formation services designed to provide clarity and predictability at the outset of the engagement. After discussing the scope of the formation and any related structuring considerations, many LLC formations can be completed on a flat‑fee basis.
Services typically include:
- Entity structure and ownership review
- Name availability search
- Articles of Organization
- Employer Identification Number (EIN)
- Assistance with tax elections, if applicable
- Operating Agreement
These flat fees start at $500 and increase based on the number of members and the complexity of the business structure.
Frequently Asked Questions
These are our most commonly asked questions about Limited Liability Companies.
Does an LLC need an Operating Agreement?
An Operating Agreement is not required, but it is recommended. It is crucial for multi-member LLCs to have an Operating Agreement to establish the relative ownership and management rights of the members. It is recommended that single-member LLCs have an Operating Agreement for banking purposes and to serve as documentary evidence that the LLC is being operated separately from the individual owner.
What are the filing fees associated with forming an LLC?
The filing fee paid to the Illinois Secretary of State to file the Articles of Organization to form an LLC is $150.00. There is an additional fee of $100.00 for expedited filing service. Please contact Linnemeyer Law, LLC for more information on filing fees for your LLC.
What is the tax classification of an LLC?
A LLC can be taxed as a disregarded entity, a partnership, an S-Corporation or a C-Corporation. By default, a single-member LLC will be taxed as a disregarded entity for federal and state tax purposes. As a result of being “disregarded,” the LLC does not file a separate tax return. Rather, its income and loss are reported on the tax return filed by the single member. A LLC with multiple members is taxed as a partnership. A LLC taxed as a partnership must file an IRS Form 1065 partnership tax return. Additionally, the LLC must also give each member a Schedule k-1, showing each member’s share of partnership income, credits and deductions. Since a LLC is a flow-through entity, each member then reports his or her share of income, credits and deductions on their individual 1040 and Schedule E. A single-member LLC or a multiple-member LLC may elect to be taxed as an S-Corporation (if it meets certain requirements) or a C-Corporation. This is accomplished by filing an election (form 2553 or 8832) with the IRS. The legal status of a LLC is not changed by filing an election to be taxed as a Corporation, it continues to function as a LLC for all other purposes. A LLC that elects to be taxed as an S-Corporation must file an IRS Form 1120S tax return and a LLC that elects to be taxed as a C-Corporation must file an IRS Form 1120 tax return.
How long does it take to form an LLC?
After you submit the Articles of Organization to the Secretary of State, the office responds to non-expedited requests within 10 days. You can request expedited service for an extra fee, and the office will respond within 24 hours, not counting weekends or holidays. Registering with the IDFPR usually takes four to six weeks, depending on the type of application you submit.
LLC Formation as a Foundation
Entity formation decisions have long‑term legal and tax implications. Linnemeyer Law works with clients to form and structure LLCs that align with their business goals and operating realities. After an initial discussion of scope, many LLC formation matters can be handled on a flat‑fee basis, providing cost certainty before work begins.