LLC Operating Agreement/States/Illinois

Illinois LLC Operating Agreement

Generate a comprehensive LLC operating agreement customized for Illinois law, compliant with the Illinois Limited Liability Company Act.

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Governing Statute

Illinois Limited Liability Company Act

805 ILCS 180/1-1 et seq.

Why You Need One

An operating agreement establishes your LLC's governance, protects your limited liability status in Illinois, and prevents state default rules from controlling your business decisions.

State Requirements

Illinois LLC requirements

Key requirements for forming and maintaining an LLC in Illinois.

Must file Articles of Organization with the Secretary of State

Must designate a registered agent in Illinois

Annual report required with the Secretary of State

Operating agreement is strongly recommended and governs internal affairs

Must comply with Illinois franchise tax requirements (being phased out)

State Highlights

What makes Illinois unique

Notable features of Illinois's LLC laws that may affect your operating agreement.

Illinois has been phasing out its franchise tax for businesses

Strong statutory framework for operating agreement enforceability

Allows for series LLCs with separate liability shields for each series

How it works

Three simple steps

Answer Questions

Fill out a guided questionnaire about your Illinois LLC, its members, and terms.

AI Generates

Our AI creates a comprehensive operating agreement compliant with Illinois law.

Download & Review

Download as a Word document. Edit inline or in your preferred word processor.

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