Florida vs Illinois LLC Cost (2026): $264 vs $225
Side-by-side LLC formation cost comparison for Florida and Illinois: filing fees, annual report costs, processing time, and tax implications.
Forming an LLC in Illinois costs $225 in year one — $39 cheaper than Florida ($264).
Florida
Illinois
Lower CostFull LLC Cost Comparison: Florida vs Illinois
| Factor | Florida | Illinois |
|---|---|---|
| State filing fee (one-time) | $125 | $150 |
| Annual report fee | $139 / per year | $75 / per year |
| Processing time | 3–5 business days | 5–10 business days |
| State income tax | No income tax | Yes |
| First-year total | $264 | $225 |
Illinois saves you $39 in year one compared to Florida.
Florida LLC Notes
Florida has no personal income tax, making it popular for small business owners.
Illinois LLC Notes
Illinois requires a registered agent with a Chicago or state address.
Which State Should You Actually Use?
For most small businesses, form your LLC where you actually do business — not where the filing fee is cheapest. If you operate in Florida, form there. If you operate in Illinois, form there.
- Forming in your home state: Simpler compliance, no registered agent needed in another state, no foreign qualification fees.
- Forming in Wyoming or Delaware: Makes sense for investor-backed startups, multi-member LLCs with complex ownership structures, or businesses operating in multiple states.
- Key cost trap: If you form in Florida but operate in Illinois, you'll pay both states' fees — eliminating any savings.
Compare More LLC Formation Costs
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