Sponsor Steans hopes to help small businesses get started

opensignRSPRINGFIELD – State Senator Heather Steans (D-Chicago 7th) secured Senate passage today of legislation that will reduce Illinois’ filing fee for establishing a limited liability company to $39 – the lowest in the nation. The current fee in Illinois is $500.

“Small businesses are powerful engines of economic growth in our state, employing 48 percent of the private-sector workforce,” Steans said. “Anything we can do to make it easier and less expensive to start a new business is a boon to entrepreneurs, job seekers and the entire economy.”

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