How to Change Registered Agent in Illinois LLC
Changing the registered agent of your Illinois Limited Liability Company (LLC) might be necessary due to various reasons, such as the agent's resignation, the agent's change of address, or dissatisfaction with the current registered agent. Whatever the reason may be, following the appropriate steps to change your registered agent ensures smooth operations and compliance with Illinois state laws. In this article, we will guide you through the process of changing the registered agent in your Illinois LLC, step by step.
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Why do you need a registered agent?
Before we dive into the steps, it's important to understand the role of a registered agent. A registered agent acts as a point of contact between the state and your LLC, receiving important legal and government correspondence on behalf of your company, including tax forms, legal notifications, and service of process documents. The registered agent is required to be available during business hours at a physical address within the state of Illinois.
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Step 1: Understand the legal requirements
In Illinois, LLCs are required to maintain a registered agent at all times. To change your registered agent, you must comply with the state's legal requirements. The Illinois Limited Liability Company Act (805 ILCS 180) outlines the rules for changing a registered agent. Make sure you familiarize yourself with these regulations so you can fulfill the necessary obligations.
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Step 2: Choose a new registered agent
Once you're familiar with the legal requirements, it's time to select a new registered agent for your Illinois LLC. The registered agent can be either an individual resident of Illinois, a domestic corporation, or a foreign corporation authorized to conduct business in Illinois. It's essential to choose someone reliable and trustworthy as your registered agent since they will handle crucial legal and official documents on behalf of your company.
Step 3: Notify your current registered agent
Inform your current registered agent about your decision to change. Send them a formal notification stating that you'll be terminating their services as the registered agent for your LLC. It's advisable to notify them in writing via certified mail to have proof of notification.
Step 4: Prepare the necessary documentation
Next, you will need to prepare the required documentation to change the registered agent in your Illinois LLC. The Illinois Secretary of State provides a specific form called the 'Statement of Change of Registered Agent and/or Registered Office' (Form LLC-16.5) that needs to be completed. Be precise and accurate when filling out the form, ensuring it is error-free.
Step 5: File the completed form with the Secretary of State
Submit the completed 'Statement of Change of Registered Agent and/or Registered Office' form along with the necessary filing fee to the Illinois Secretary of State. This can be done either through mail or online, depending on your preference. If filing online, you can visit the official Illinois Secretary of State website and follow the instructions for electronic filing. Make sure to check and adhere to any specific guidelines provided by the Secretary of State.
Step 6: Update relevant documentation
After successfully filing the change of registered agent form, it's essential to update your internal records. Make the necessary changes in your LLC operating agreement, member resolutions, or any other relevant documents. This ensures consistency across all official records and avoids any confusion in the future.
Step 7: Review your annual report
If you've changed your registered agent near the time of your LLC's annual report, it's crucial to review and update the information accordingly. Include the updated registered agent details while filing your annual report to stay compliant with state regulations.
Conclusion
Changing the registered agent of your Illinois LLC is a straightforward process that requires careful compliance with the state's regulations. Ensure you familiarize yourself with the legal requirements and follow these seven steps accordingly. By following these steps, you can smoothly transition to a new registered agent while maintaining compliance with Illinois state laws. Remember, it's essential to select a reliable and trustworthy registered agent to act as the liaison between your LLC and the state.
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