On December 20, 2017, Senate Bill 867 was signed into law. This bill significantly reduces the filing fees to the Illinois Secretary of State for limited liability companies.
Whether it is true or not, many people have heard that they must incorporate in Delaware or Nevada when forming a corporation. No consensus has yet formed regarding what state is best to incorporate a limited liability company. This entity is extremely new compared to the corporation and courts have therefore been unable to establish clear common law rules.