As 2017 drew to a close, the changes to federal tax code took over news headlines and many missed a material change to Illinois filing fees when Gov. Bruce Rauner signed SB 867 into law. The bill slashed the filing fees charged by the state for limited liability companies or LLCs.The new law will benefit businesses of all sizes looking to incorporate in Illinois and provide cost savings for existing Illinois LLCs.Historically, individuals have turned to S corporations as a quick fix to form a new entity due to the lower …