It is not very often, you hear about a reduction in fees, but Illinois Secretary of State Jesse White has announced that a new law reducing filing fees for Illinois LLCs took effect today, immediately upon the signature of the governor.

Key fee changes are as follows:

• Articles of Organization: New Fee - $150 (previously $500) • Application for Admission: New Fee - $150 (previously $500) • Articles of Organization-Series: New Fee - $400 (previously $750) • Application for Admission-Series: New Fee - $400 (previously $750) • Articles of Amendment: New Fee - $50 (previously $150) • Amended Application: New Fee - $50 (previously $150) • Application for Withdrawal: New Fee - $5 (previously $100) • Name Reservation: New Fee - $25 (previously $300) • Annual Report: New Fee - $75 (previously $250) • Reinstatement Application: New Fee - $200 (previously $500) • Statement of Termination: New Fee - $5 (previously $100)

The above is just a snapshot of the most common fees but essentially all LLC

fees have been reduced.