Legal Question in Business Law in Illinois

Setting up a LLC

I am beginning real estate investor who wants to set up a LLC with my wife. After some research I have noticed that Illinois is one of the most expensive states to set up a LLC.

I know many investors that have set up LLC's in Nevada and Deleware, which is cheaper to start up and renew each year. I plan on doing all of my investing in Illinois. My question: Can I set up a Nevada or Deleware LLC? Or will I have to pay a fee to Illinois each year, regardless of where my LLC is set up?


Asked on 11/23/04, 10:55 am

1 Answer from Attorneys
Jonas Grant Law Office of Jonas M. Grant, A.P.C.

Re: Setting up a LLC

In general, it is usually less costly overall to incorporate or form an LLC in the state in which the business is to operate; however, there can be exceptions. Licensed in California and Illinois.

If you're interested in specific advice regarding your situation, please consider retaining me to advise you and organize your LLC.

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Answered on 11/26/04, 9:16 pm


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