Legal Question in Business Law in Illinois

Re: Limited Liability Companies

If the business is run out of Iowa, there are no fees from Illinois.

Re: Limited Liability Companies

Yes, you can form your LLC in Iowa. However, if you want to do business in Illinois, you will have to register your LLC here also.

Re: Limited Liability Companies

A lot of people, for various reasons, use LLCs or other entities formed in other states such as Delaware or Nevada (and, yes, Iowa).

Before a foreign LLC can "transact business" in Illinois, it must be admitted to do so by the Secretary of State (which requires the payment of the applicable fees).

The mere fact a member or manager of the LLC is a resident of Illinois does not constitute transacting business. So if your business is in Iowa and not in Illinois, there is no need to pay Illinois fees.