Illinois LLC Annual Report
LLCs formed in Illinois need to file this report with the Illinois Secretary of State each and every year. i.e., annually. Read about how to file this report.
File report online
Visit the official state government’s website to submit annual report online.
Visit Illinois official website
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Limited liability
Personal assets are protected for people with limited liability when they are sued.
Corporation
A business entity that can issue shares and give limited liability to shareholders.
Members
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Sole proprietorship
Where an individual engages in business activity without formal organization.
Why file the report?
Illinois LLC Annual Report
Annual Report is used to keep your business records up to date with the State of Illinois.
Filed every year
All LLCs formed in Illinois must file this report every year.
LLC Officials Information
Annual Report is mainly used to update the business information such as names and addresses of LLC members or managers.
File Online or by Mail
Annual report can only be filed online or by mail.
Change in address
You can also change your Principal business address by updating it on the annual report when it is due.
Illinois actions
Here are some of the actions business owners can take in Illinois:
How to file Annual Report in Illinois?
Follow these steps:
1. Visit official website
Every Illinois LLC is required to file an annual report each year. Your Illinois LLC Annual Report is due before the first day of your LLC’s anniversary month. If your LLC was established on July 15, 2022, July is the month that marks your anniversary. As a result, your LLC's Annual Report is due before July 1st 2023 the following year.
Due
annually
The deadline to file before it's too late is the day before the first day of your anniversary month. It is the only way to avoid late fees.
LLC Annual Report
Every LLC has to file this report in Illinois to stay compliant with the state laws.
Filing Annual Report
Illinois LLC is expected to file this report annually
File it online on Illinois Secretary of State website
Visit
Mail a form to Illinois Secretary of State website
PDF
Address
Department of Business Services
Limited Liability Division
501 S. Second St., Rm. 351
Springfield, IL 62756
Online fee
$75
Mailing fee
$75
Expedited fee
+$50
Failure to pay
Illinois charges a late fee of $75 by mail and $125 online. In addition, LLCs will be dissolved after 180 days for failure to file an annual report.
Note
Report is due annually by the end of the month prior to the registration anniversary month. So if you formed or foreign-qualified on February 16th, then your annual report is due January 31
Articles of Organization
In Illinois, Articles of Organization is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Articles of Organization
There are a couple of ways to file
Address
Department of Business Services
Limited Liability Division
501 S. Second St., Rm. 351
Springfield, IL 62746
Online fee
$150
Online processing time
10 days
Mailing fee
$150
Mail processing time
10 days
Entity name
Every LLC should have a unique name in Illinois. Illinois maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the Illinois corporation & llc search tool to see if the name you want is available.
Searching fee
Free
Reservation
You can reserve a name for your LLC for a specific duration by paying reservation fees to the Illinois business services. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
Reservation fee
$40
Reservation period
90 days
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
805 ILCS §180/1-10
Visit
Here are some of the guidelines in simple language:
- 1
Shall contain the terms "limited liability company", "L.L.C.", or "LLC".
- 2
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
- 3
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
- 4
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC Annual Report in Illinois
It is very important to maintain full compliance in Illinois. Filing these reports helps you protect your personal assets by maintaining limited liability and also to be in good standing with the state. Read our guides to learn how to start and manage a business in Illinois.
Illinois LLC
Illinois Business search