Corporations
Forming a Florida corporation instead
A Florida profit corporation pays a $35 filing fee plus the registered agent designation, and a $150 annual report, $550 if filed after May 1.
Florida's corporate income tax applies to entities taxed federally as corporations.
We file corporations too. Pro and Premium include bylaws and initial corporate documents.
Taxes and publication
Florida income tax and publication
The Florida Department of Revenue states that Florida does not impose personal income tax.
Florida's corporate income tax applies to entities taxed federally as corporations, not to an LLC taxed as a partnership or sole proprietorship.
Publication: Florida has no newspaper publication requirement for LLCs.
Operating in Illinois
Foreign qualification: register where you operate
Forming in Florida does not take your company out of Illinois. If your Florida company has an office, staff or regular operations in Illinois, it generally has to register in Illinois as a foreign company before it does business here. For an LLC that is the Application for Admission to Transact Business, and the Illinois fee is $150, the same as forming a new Illinois LLC.
After that you pay both states every year: Florida's own annual costs plus the Illinois annual report, $75 for an LLC. You also need an Illinois registered agent with a street address here. That is the double cost most Illinois founders do not see coming, and it is why a business that only operates in Illinois is usually better off with an Illinois LLC.
If you do form in Florida and operate here, we can be your Illinois registered agent from our staffed office in Chicago.