RED BUD, ILL. – In a move that will encourage business growth and economic development, state Rep. Jerry Costello II, D-Smithton, is highlighting the signing of legislation into law that will help reduce the amount of filing fees for limited liability companies, or LLCs, in the state of Illinois.
“We need to be doing all that we can to help create jobs in our state and help Illinois residents to start their own companies and businesses,” Costello said. “Through this bipartisan bill, more people will have the opportunity to create their own companies more affordably and without added fees.”
Senate Bill 867 lowers the fees required for residents to create limited liability companies by nearly $500, creating a friendlier environment for small businesses and entrepreneurs in Illinois. This law will make it easier for Illinois residents to create their own companies by making it more affordable. The Costello sponsored bill passed the General Assembly and was signed into law on Wednesday by the governor.
“Small businesses are some of our most important job creators in the state, and there is always more we can do to help them,” Costello continued. “As state representative, I will continue to find new ways to help reduce government fees and red tape that are placed on small businesses and job creators. Legislation like this shows that both Republicans and Democrats can work together on legislation that helps improve our economic climate and allow for new business opportunities.”
State Rep. Jerry Costello II represents Illinois’ 116th district, which includes all or parts of St. Clair, Randolph, Monroe, and Perry Counties. His office can be reached by phone at 618-282-7284 or by email at firstname.lastname@example.org.