In Illinois, like in almost all the other states, you need a registered agent to receive the various official documents, tax forms, and even summons that may be sent to your corporation. It’s a crucial job, which is why it’s mandatory in most states. You can’t start and run a business in Illinois without a registered agent.
Who Can Be a Registered Agent in Illinois?
Before you replace your current agent, you need to think about the replacement so you enjoy a smooth transition. For the agent you need, several requirements must be met. First of all, they can be any of the following:
- An individual adult (at least 18 years old) who is a resident of Illinois
- A business entity (such as a professional registered agent service) based in Illinois.
- A foreign registered agent business entity that’s authorized to do business in Illinois.
Whether it’s an individual or a business entity, the agent must also have an Illinois street address. This means a physical location, in which there will always be someone to receive the official documents for your corporation during business hours. It can’t be just a P.O. box.
Steps to Change Registered Agent
To change your registered agent in the State of Illinois online by visiting the online filings page of the Secretary of the State of Illinois or you can file the Registered Agent or Registered Office Statement of Change depending on your business structure; for example, if you run a corporation, you’ll file this form, meanwhile, if you run an LLC, you’ll file this form. You can learn more about Online Fillings by taking a look at this webpage.
You’ll be required to make a payment of 25 dollars fee alongside the documents you’ll submit if you’re changing your Registered Agent in the State of Illinois. If you’re submitting through a non-electronic means such as through the mail or in person, you’ll need to write a check of 25 dollars made payable to the Illinois “Secretary of State” and attach it to the documents. If you’re filing online, you can make the 25 dollars payment through Cards such as Mastercard, Visa, Discover, etc.
Info to Put In
You will be required to enter the following information:
- Name of your LLC or business as it is registered with the Secretary of the State of Illinois in its Articles of Organization.
- The name and complete business or residential address of the new registered agent for your business.
- The name and complete business or residential address of the current registered agent for your business.
- The signature of consent of the new registered agent, known as authorizing signature.
The form has guides and tips to help make sure you put in the exact information asked for. Just read the directions carefully and follow them exactly.
If you’re submitting through the mail, print 2 forms and the check and then mail to the address:
Secretary of State
Department of Business Services
Limited Liability Division
501 S. Second St., Rm. 351
Springfield, IL 62756.
You can also choose to submit the documents in person. If you are, you’ll need to submit the documents and the check to the same address above.
Keep in mind that the State of Illinois will take between 7 to 10 days to process the change of your agent. You can speed up the process by getting a 24-hour expedited service which costs 50 dollars. Note that the 24-hour expedited service is only available if you choose to file in person.
Should You Hire a Professional?
This will actually be a lot easier if you’re planning on sifting to a professional registered agent service. The best ones offer exemplary service at extremely reasonable rates. Often, you’re able to download the needed forms with pre-filled information about the service to save time and effort. Northwest Registered agent is one of the most popular companies for this job.
With professionals, you know for sure the job gets done right. They usually have online storage for all the official documents. When they receive the documents for the corporation, the service will immediately scan them so they can send you the digital copies right away. The documents will also be conveniently stored in the same online location as your other business documents, like your formation documents.
Professionals may even maintain a compliance calendar, warning you way ahead of time when you should file a report or comply with some requirement with a deadline. That means you virtually eliminate the risk that you’ll fail to comply with any sort of compliance requirement. Such a failure may lead to fines and penalties, and perhaps even to the dissolution of your corporation. Reinstating your LLC can be a huge hassle, and it’s like starting the formation process for your LLC all over again.
So, if you’re going to change your registered agent in Illinois, you may as well do yourself a favor and switch to a good registered agent service. With the benefits you get with the low costs, you’re able to focus more on growing your business instead.