How Do I Reinstate My Llc In Illinois

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So You Accidentally Dissolved Your Illinois LLC: From Woe Is Me to Woot! It's Back!

Let's face it, running a business is a wild ride. Between keeping the customers happy, the taxman at bay, and that never-ending to-do list, it's easy to forget a thing or two. Oops! Did you accidentally dissolve your Illinois LLC instead of filing that annual report? Don't worry, this isn't the end of the entrepreneurial dream. We've all been there (hopefully not literally, because that filing cabinet avalanche sounds nasty).

Here's the good news: Reinstatement is possible! Get ready to transform that frown upside down and turn your once-dissolved LLC into a thriving business once again.

How Do I Reinstate My Llc In Illinois
How Do I Reinstate My Llc In Illinois

Round Up the Reinstatement Rescue Squad!

First things first, you'll need to assemble your trusty reinstatement squad. This squad consists of two key members:

  • Form LLC-35.40: This is your official "Get Out of Jail Free" card from the Illinois Secretary of State. You can find this form online or by calling their office (think of them as your friendly neighborhood business superheroes).
  • The Back Reports: Remember those annual reports you, ahem, might have neglected? Well, dust them off and get ready to file them along with your reinstatement form.

Pro Tip: While you're at it, settle any outstanding fees associated with those missed reports. Nobody likes a business with bad credit, especially not the Secretary of State.

To the Secretary of State We Go!

Now that you've got your squad assembled, it's time to head over to the Illinois Secretary of State's Department of Business Services. There are three ways to submit your reinstatement application:

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  • Online: If you're feeling tech-savvy, this is the fastest option. Just zip on over to their website and get it done in a flash.
  • By Mail: The good ol' fashioned postal service is always reliable. Just make sure to use certified mail so you have a tracking number.
  • In Person: Feeling social? Head down to the Secretary of State's office and file it yourself. Think of it as a business field trip!

Remember: Payment methods vary depending on how you file. For online and in-person submissions, you can use a credit card, certified check, or money order. If you're filing by mail, stick to certified check or money order made payable to the "Secretary of State."

The Waiting Game (But Hopefully Not for Long!)

Once you've submitted your application, it's time to relax (or get back to that never-ending to-do list). The Secretary of State will review your application and, if everything is in order, your LLC will be reinstated in a jiffy!

Bonus Tip: If you're feeling impatient (we've all been there!), you can always check the status of your application online.

Frequently Asked Questions

Frequently Asked Reinstatement Questions

Alright, let's address some burning questions you might have:

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How to find Form LLC-35.40?

This form can be found on the Illinois Secretary of State's website.

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How much does it cost to reinstate an LLC?

The filing fee for reinstatement varies depending on how you file and any outstanding fees associated with missed reports.

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How long does it take to reinstate an LLC?

If you file online, reinstatement can happen in as little as 24 hours! By mail or in person, it may take a few business days.

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Do I need a lawyer to reinstate my LLC?

In most cases, no. However, if you have any complex legal questions, consulting with an attorney is always a good idea.

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How can I avoid accidentally dissolving my LLC again?

Set up calendar reminders to file your annual reports! There are also online services that can help you stay on top of your business filings.

So there you have it! Reinstatement is a breeze with the right information and a little perseverance. Now get out there and conquer the business world with your newly reinstated LLC!

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Quick References
TitleDescription
depaul.eduhttps://www.depaul.edu
suntimes.comhttps://www.suntimes.com
nps.govhttps://www.nps.gov/state/il/index.htm
illinoislegalaid.orghttps://www.illinoislegalaid.org
dailyherald.comhttps://www.dailyherald.com

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