How to find when an LLC was formed [Must-Know Tips]



Last updated : Aug 13, 2022
Written by : Ralph Tags
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How to find when an LLC was formed

How do I find the owner of a LLC in Illinois?

The Illinois Secretary of State Department of Business Services provides a database at http://www.ilsos.gov/corporatellc/ where you can do a preliminary search. LLC's - 217-524-8008.

When did LLC come into existence?

As most business owners and business lawyers know, the limited liability company (LLC) is by far the most popular form of statutory business entity in the United States. And it achieved that distinction rather quickly. The first LLC statute was not enacted in the United States until 1977.

When and where was the limited liability company first recognized?

The history of the LLC starts in 1977, when the state of Wyoming first passed legislation allowing a new type of company called a Limited Liability Company. Few business owners took advantage of the LLC at first, and the State of Delaware didn't offer LLCs until 1991.

In what year was the first LLC formed it took 11 years to recognize an LLC as an entity?

History of the Limited Liability Company In 1977, Wyoming established the first limited liability company. It took the IRS 11 years to recognize this entity with the Delaware LLC Act.

How often do you have to renew your LLC in Illinois?

After you form an LLC in Illinois, you must file an Annual Report and pay a $75 fee every year. You need to file your Annual Report in order to keep your Illinois LLC in compliance and in good standing with the Illinois Secretary of State.

How do I find the owner of a business?

  1. Search State Databases. LLCs submit articles of organization and other public filings with the state's Secretary of State office or a comparable state agency.
  2. Submit a Public Information Request.
  3. Check the Company Website.
  4. Dig into Alternative Public Records.

What is a business start date?

For most businesses, the date the business starts officially is the date on the business registration. Partnerships, LLCs, and corporations must register their business with a state. The effective date is usually the date of filing with the state, but a company can select another effective date. 1

Is an LLC a privately owned business?

Private companies are sometimes referred to as privately held companies. There are four main types of private companies: sole proprietorships, limited liability corporations (LLCs), S corporations (S-corps) and C corporations (C-corps)—all of which have different rules for shareholders, members, and taxation.

Who controls a limited liability company?

Managers or managing members or Managing Director are responsible for the management of the company, rather than a board of directors. Managing members of an LLC operate like a corporate board of directors.

Who created the LLC?

In 1977, the state of Wyoming invented something called the Limited Liability Company. It was very slow to take off. In fact, Delaware, which is known for being first, waited until 1991 to have their own LLC law. Today, LLCs are being formed three or four to one compared to corporations.

What is the difference between LLC and LTD?

LLCs and Ltds are governed under state law, but the primary difference is Ltds pay taxes while LLCs do not. The abbreviation “Ltd” means limited and is most commonly seen within the European Union and affords owners the same protections as an LLC.

What is the difference between LLP and LLC?

In basic terms, the owners of an LLP are considered partners in an organization, while the owners of an LLC are members. As a result, there are key differences between how the limited liability protection is recognized, how an LLC and LLP are managed and how each structure is taxed.

How do I file taxes for my LLC?

If the LLC is a corporation, normal corporate tax rules will apply to the LLC and it should file a Form 1120, U.S. Corporation Income Tax Return. The 1120 is the C corporation income tax return, and there are no flow-through items to a 1040 or 1040-SR from a C corporation return.

How do I pay the $800 franchise tax?

The state requires corporations to pay either $800 or the corporation's net income multiplied by its applicable corporate tax rate, whichever is larger. You may pay the tax online, by mail, or in person at the California Franchise Tax Board Field Offices.

Do you have to pay the $800 California LLC fee the first year 2022?

Every LLC that is doing business or organized in California must pay an annual tax of $800. This yearly tax will be due, even if you are not conducting business, until you cancel your LLC. You have until the 15th day of the 4th month from the date you file with the SOS to pay your first-year annual tax.

Is there a yearly fee for an LLC in Illinois?

Illinois requires LLCs to file an annual report during the 60-day period before the first day of the anniversary month of the incorporation date. The annual report fee is $250.

How much does it cost to maintain an LLC in Illinois?

To maintain an LLC in Illinois you will need to pay an annual fee of $75 along with sales tax at 6.25%, income tax at 4.95% and federal taxes.

How long does an LLC last in Illinois?

To do so in Illinois, you must register your assumed name with the Illinois Secretary of State. You may register online, or by mail by filing an Application to Adopt, Change, Cancel, or Renew an Assumed Name (Form LLC-1.20). The registration is good for up to five years. The filing fee ranges from $30 to $150 per year.

How do I find information on a business?

Bloomberg News Service and Lexis/Nexis provide news stories about a company. Dun & Bradstreet, Moody's, Hoover's Profiles, and Standard & Poor's Corporate Profiles provide financial data about companies. These and other sources are available in many libraries or law and business school libraries.

What do you call a person who owns a small business?

Proprietor The title of proprietor is similar to that of an owner, as they are both typically used to describe the owner of a small business.


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How to find when an LLC was formed


Comment by Margery Dethlefs

how can i find documents for my llc or ein first off i'm not your lawyer i'm not your attorney i'm not your cpa i'm just providing generally available information from my years of experience uh second like subscribe comment below if you're getting value out of this video um so i didn't really know how to answer this question from the perspective of just someone that doesn't know where their documents are or someone that's a customer of ours so if someone is a better legal customer and they just don't know where their documents are you just go to betterlegal.com click log in go to your live dashboard you can see all of the information that we have you can change that information if you don't like the name of your business anymore you can just change it in the field there it will pop up a prompt that says this is how you change the name we'll do it for you here's the price here's the state filing fee here's a little bit more information and then you can just boom take care of it you want to add a new manager operator to the business you want to remove a member of the business you want to change your address you can do all that you want to find your ein it's already there uh all of the information let's say you are with us for 10 years and you make a lot of changes uh to the legal documents and whatever it will all be there in perpetuity so we'll have a log of all that so if you use us you don't really have to worry about that because you can just go to the website log in we've always got it but if you just lost your information that's more complicated uh if it's a state-related thing it's not that bad you just go to secretary of state's website again you can go to betterleal.com and look under resources there's a name search thing and it'll show you all 50 states and links to where you can do the name search most states will have the pdf of the original paper filing on file and they'll be public so you can actually go find anybody's llc um as long as the state supports this and just type in the name of the business your business and uh once you get there you just download the pdf that's the original filing will be public most of the time so that's how you get the llc document from the state um if you can't find it you can always call the the secretary of state they're there to help you i will say that they are sometimes on the website it's not updated i have called myself uh the new york secretary of state waited on the phone for an hour i said hey have faxed this document to you and they said what fax did you use and i said i gave gave them the number and they said oh that's not the right fact somewhere i said it's on your website they go yeah it just hasn't been updated in a while that's just how these government entities are and this is why it's such a pain and why it's so beneficial to you someone like us better legal uh if you so so yeah you can just call the secretary of state you'll wait on the phone for a little bit uh same with the irs the irs is a lot harder because it's a lot bigger organization than any of the states uh you're gonna get you're gonna usually have to fax them they love faxing and so if you fax them it's going to take weeks so you got to figure out exactly what you're going to fax them maybe it's a request for information for your uh ein number that you lost you know maybe just go look at old tax records if you can if you can think of where those are otherwise you have to do a request for information it's a fax it's going to take six to eight weeks and you're just gonna have to wait and so that's a big pain so anyway hopefully that was useful if you found it useful like subscribe uh comment share get an llc from better legal tell a friend to get an llc from better legal you can actually go to betterlegal.com forward slash referrals and become an affiliate referral even if you're not a customer of ours and you will be able to give a hundred dollar discount to any of your friends or family and once they buy we will then send you 100 check in the mail how can we afford to do that well it's actually less expensive to do that it's more profitable for us to do that and share the wealth with your friend and you than it is to get a customer from google ads we spend hundreds of thousands of dollars a month on google ads and um other billion dollar tech companies uh to earn business and so we'd rather you spread the wealth and i'll share it with you so uh you can do that and that's it until next time


Thanks for your comment Margery Dethlefs, have a nice day.
- Ralph Tags, Staff Member


Comment by semkhakha0

hi I'm Brian tudorbenga outdoors where I share with you some of my tips and tricks on how to find great places metal detect do today I'm gonna show you how to find the owner of an LLC so today I want to talk about how to find the owner of an LLC now I'm using the app right now called on X and you can either have it on your phone or on your desktop or both so when I'm trying to find property owners or you know places to metal detect I generally use this app and sometimes I run into a little problem where the owner has an LLC and you can't really find the owners information and you if it's like a company you don't really want to go in there and ask the secretary for the owner they're just gonna ask you well why do you want why do you want to talk to the owner and you can't just tell them well I won't kind of want to meddle to detect a property they're just gonna tell you no so I go right to the source so I use this app to click on the property boundary and it tells me the LLC name so what I do is I will highlight this and copy it so then what you do is you google search Secretary of State Oregon or Secretary of State whatever state you live in and within the first couple pages your Secretary of State website should pop up so what you're gonna do then is should have little tab 4 right here it says Oregon a business name search you're gonna want to click on that tab for your state and what pops up then is a little screen that for me looks like this it's gonna say business name so you're gonna want to copy and paste the name of the LLC go over to search for a business name and this is the only one in Oregon with that name so then you're gonna click on that and it's going to take you to this next page where it's going to have a list of types of associated names so principal place of business this is a business address registered agent and this happens to be named Robert Byrd and we can do with this is you've got the the address to mail mail him a letter if you so choose to or you can look him up on white pages get creative you know look them up on Facebook so this this tells you the name of the property owners so with this you can go right to the source and that's what I like about it so with that said I hope you enjoyed the video please give me a like and subscribe and share this video if you found it helpful I'd really appreciate that alright guys well thanks for joining me on today's episode and I will see you on the next one


Thanks semkhakha0 your participation is very much appreciated
- Ralph Tags


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