LLC Illinois

It's Time For Fair LLC Fees in Illinois!

LLC IllinoisSmall businesses are the engine driving the Illinois economy and should receive support from our legislators in Springfield. At this time, however, the small business community is being hurt by unreasonably and arbitrarily high LLC fees. The fees associated with filing and operating an LLC in Illinois are the highest in the nation. While the average cost of filing an LLC in other states is less than $200, in Illinois, the fee for filing as an LLC is $500.00.

The costs associated with forming and operating an Illinois LLC are also much higher than those charged to corporations. For example, it costs only $150.00 to form an Illinois corporation. While it costs $300.00 for an LLC to reserve a name, a corporation can do so for $50.00.This disparity even extends to folks intending to dissolve their business. It costs $100 to dissolve an LLC as opposed to only $5 for corporations.

Forming as an LLC is the right choice for many small and mid-market businesses. Formation as an LLC also encourages entrepreneurs to invest their time and money into viable business enterprises. Unfortunately, far too many business owners do not form LLCs because of the high fees that LLCs must pay to the state. Our state’s fee structure must not arbitrarily penalize small and mid-market businesses for choosing the best structure for their companies.

We are working with the SBAC, and a strong coalition of business organizations, to pass HB65 and SB2593, two bills that lower LLC fees to a fair and reasonable amount. See here ( http://ilga.gov/legislation/billstatus.asp?DocNum=65&GAID=12&GA=98&DocTypeID=HB&LegID=68351&SessionID=85) for additional details about this legislation, including full text of the bill.

We all must work together to rehabilitate Illinois’ reputation in the small business community and help our small businesses succeed. Jewish B2B is fighting for you and pushing the state to charging fair LLC fees.
Click here (http://salsa3.salsalabs.com/o/50355/p/dia/action3/common/public/?action_KEY=12233) to email your legislators and let them know that lowering LLC fees is important to you and the economy of this state. You can send the letter provided on the site, which can be done with one click. Please feel free to modify and personalize.

Should you choose to call your legislator’s office, click here (http://gis.elections.il.gov/map_viewer_update/default.aspx) to get contact information.

I am joining the Dempster Street Merchants Association and the Skokie Chamber of Commerce in supporting the investment of high-speed internet options from AT&T Illinois in Skokie

Letter of Support for AT&T

 

 

Dear Skokie Mayor Van Dusen and Village Trustees,

 

The Dempster Street Merchants Association is a team of businesses focused on revitalizing and modernizing this historic street, especially here in Skokie.  We recognize the past, but we are building for the future.

 

In today’s economy, access to high-speed data networks, or high speed Internet, is essential to operate efficiently, better serve customers and truly compete in a global marketplace.

 

Businesses in surrounding villages are benefitting from the faster internet speeds and competition in communications networks provided by the U-verse network from AT&T.  Businesses in Skokie should too.

 

That’s why the Dempster Street Merchants Association strongly supports bringing AT&T U-verse to Skokie.

 

High-speed internet networks are essential to virtually every business in every industry, including our members in professional services, retail, automotive, education, health care, insurance and news and media services.

 

This is a very good product from a reputable company seeking to bring new services to benefit our village.  We’re fortunate to be a community with a strong economy.  But we must continue to advance our infrastructure, and broadband is the economic development infrastructure of the 21st century.

 

For our businesses and our economy, we encourage you to take action to bring the AT&T U-verse high-speed internet network to Skokie.

 

 

Sincerely,

 

 

 

Shalom Klein

Dempster Street Merchants Association

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