Tag: illinois
4 posts
Reading Illinois business entity status for a credit file — active, dissolved, revoked
When you pull an Illinois business record for credit underwriting, the entity status field is not a yes/no checkbox. It is a specific legal state that tells you whether the business can borrow, sign contracts, or…
How to find out who owns an LLC in Illinois
When you underwrite a loan to an Illinois LLC, you need to know who actually owns and controls it. The state's free public records will show you the registered agent · the person who receives legal papers · but…
Illinois Secretary of State business search — the free company lookup guide
If you're underwriting a deal in Illinois, you will run a Secretary of State lookup. The state's business registry is free, returns entity status and formation dates in seconds, and is one of the easier SOS portals…
Illinois — the $250 LLC formation and the Cook County volume problem
Illinois has some of the highest LLC formation and annual fees in the country, plus a Cook County recorder that handles a meaningful share of all US business filings by volume.