Public Act 100-0571 significantly decreases the filing costs for Illinois small businesses. With the implementation of the signed legislation, limited liability companies (LLCs) will benefit from a reduction in startup, annual, and other LLC filing fees. The fee changes include the following, among others:
Prior to SB 867
|LLC Filing Fee||$500||$150|
|Reserved Name Application||$300||$25|
Paul Rozek, CPA, CFP
Paul provides tax research, consulting and compliance services to closely held businesses, tax-exempt organizations, individuals and fiduciaries. As a reviewer in the tax department, Paul is experienced in the preparation and review of all tax returns, including Forms 990 and 990-T. His clients include family offices, private foundations, trade associations, charitable organizations, schools, credit unions and other non-profit entities.