Assisting budding and existing entrepreneurs in the proper registration of their businesses and creating effective deliverables to secure capital for clients since 2013.
SB 867 would adjust LLC fees across the board to bring them in line with what corporations currently pay. For example, the current filing fee to create a new LLC in Illinois is $500. SB 867 would set it to $150. The current annual filing fee for LLC’s is $250, and SB 867 would lower it to $75.
Small Business Saturday will be the busiest day of the year for many independent businesses, with millions of shoppers expected to participate in the nationwide occasion on November 25. But that doesn’t necessarily mean that they’re all buying.
In a survey commissioned by Weebly, Wakefield Research found that one-third of Americans are more afraid to start their own business than to jump out of a plane. With new business creation down 65 percent since the 1980s, this very real fear is stifling ideas, the economy and job growth.
According to the Telegraph, 80 new companies were set up every hour in 2016, with 608,110 new companies emerging in 2015. With a record high of new businesses, it is more important than ever to ensure your business is properly registered and licensed.
Like an LLC corporation, L3Cs have the same liability protection and are not tax-exempt; however L3Cs have access to forms of capital that traditional corporations don’t qualify for, all in order to further social and environmental goals. Americans for Community Developmentdescribe the L3C as a company that “combines the best features of a for-profit LLC with the socially beneficial aspects of a nonprofit… the for-profit with a nonprofit soul.”