 8501 W. Higgins Suite 440 Chicago, Illinois 60631 773.399.1122 | fax 773-399-1144 |
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| Certificate of Authority to do Business in Illinois & Foreign Corporate Registered Agent | |||
| | Home | Primer | Services and Fees | Getting Started | | |||
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All corporate entities exist "by the grace" of the State. As such, shareholders must file an Articles of Incorporation with the State of Illinois to receive their corporate status. Foreign corporations are no exception. A foreign corporation is any corporation not incorporated by the State of Illinois. That would include corporations organized under the laws of the various other States in the United States of America or of other countries. Corporations formed under the laws of other States or Countries cannot do or transact business within the State of Illinois until they register with the Secretary of State. Although a foreign corporation may be valid in the State of incorporation, it is not recognized as an official corporate entity in the State of Illinois until it receives a Certificate of Authority from the State. In addition, entities transacting or doing business within theState of Illinois without a Certificate of Authority may be subject to penalties and, even worse, may not receive the benefits of limited liability or other corporate attributes which come with a valid corporate entity. Once a foreign corporation receives a Certificate of Authority, like any Illinois Corporation, it is subject to the terms of the Illinois Business Corporations Avt of 1983. Further, foreign corporations may not transact in all types of business in Illinois. They are prohibited from acting in certain fiduciary capacities. The also are not allowed to transact business in the areas of banking, insurance, surety, or buildings and loans. In order to obtain a Certificate of Authority, a corporation must file an application with the Secretary of State, provide proof in the form of a certified copy of the foreign corporation's Articles of Incorporation and any amendments thereto, and pay a fee to the State. The State will also charge annual renewal fees and franchise taxes and will require an annual report to be filed. The process can take the Secretary of State anywhere from one to five weeks depending upon their workload.
Services
Provided Prepare and Submit
Application for Certificate of Authority Initial Set-Up and Agent Services:* Flat fee to advise on, prepare, and/or submit
application for Certificate of Authority to State of Illinois and
record Certificate with County Recorder: $350 (plus costs) The fixed attorney fee does not
include any filing costs, certified copy costs, express mail costs, or
clerking costs, nor does it include annual report fees or document fees
for subsequent years. Costs vary depending upon the capitalization of
the corporation but generally range from $175 to $250 for a small
corporation and usually include obtaining certified copies of corporate
charters, amendments and certificates of good standing from the
corporation's state of origin. Corporate Agent for Subsequent Years We will act as registered agent and maintain a
registered office in Illinois for your corporation for an annual charge
of $225 (plus costs**) **costs refers to the annual francise fees
payable to the State of Illinois which vary depending upon the size of
the corporation but generally range from $175 to $250 for a small
corporation The first step to doing business within Illinois is to contact us. We can discuss the various issues involved in the process of obtaining a certificate of authority to transact business within the state. To get this process started, please feel free to contact Richard Magnone or one of our other attorneys at 773-399-1122 or via email by clicking here. |
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 8501 W. Higgins Suite 440 Chicago, Illinois 60631 773-399-1122 feel free to contact us for more information |
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generally accurate, it cannot be guaranteed. The nature of Legislation
is that the law can change quickly and visitors should always insure
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legal information is accurate before acting. Nothing herein
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