Corporations
Forming a Wyoming corporation instead
A Wyoming profit corporation files Articles of Incorporation for $100 and pays the same annual report license tax as an LLC: $60, or two tenths of a mill on each dollar of Wyoming assets, whichever is greater.
We file corporations too. Pro and Premium include bylaws and initial corporate documents.
Taxes and publication
Wyoming income tax and publication
The Wyoming Business Council states that Wyoming has no corporate or personal state income tax.
Publication: Wyoming has no newspaper publication requirement for LLCs.
Operating in Illinois
Foreign qualification: register where you operate
Forming in Wyoming does not take your company out of Illinois. If your Wyoming 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: Wyoming'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 Wyoming and operate here, we can be your Illinois registered agent from our staffed office in Chicago.