Is there an advantage to doing business as an out-of-state corporation?
There is an advantage for the out-of-state corporation but not for you. You will have to pay a start-up fee and an annual fee to the state where the business is located. Your corporation will have to pay a fee to qualify to do business in Illinois and an annual Illinois business fee. With an out-of-state corporation, you pay fees both to the state where the business is located and to the state of Illinois. With an Illinois corporation, you only pay fees to the state of Illinois.
