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    3 Replies Latest reply on May 26, 2017 12:04 PM by smalltofeds

    Hi... I'm Melissa and have a question

    diamnd426 Newbie

      We have a general partnership in a retail pro shop with 2 additional partners.  We have been in business for over 10 years, serving our local bowling community and have recently decided to research LLC options. 

      We are trying to determine if an LLC is the right option for us.  We usually do about $80K a year in sales and pay Sales tax quarterly.

      What are the pros and cons of going from a general partnership to an LLC?  What needs to be done to become an LLC? Is the LLC at a state level or Federal level? Are there monthly fees?

      Can anyone guide me to a good website so I can research or provide any additional useful information?

      Our business is in Illinois :-)