How to File an LLC Annual Report in Illinois

In Illinois, your LLC is legally required to file an annual report with the state. Failure to do so can lead to fines and even the closure of your business, so it’s crucial that you stay up-to-date. 

What Is an Annual Report?

Your LLC must file an annual report, also known as a statement of information, with your state to keep your company in good standing. 

Who Needs to File an Annual Report?

Any business that is legally registered with the state of Illinois must file this report, which includes detailed information about your business. 

How to File an Illinois Annual Report

In Illinois, the annual report is filed with the Secretary of State. You can file online by visiting the secretary of state’s website and taking the following steps. 

1. Go to the secretary of state’s website and enter your LLC file number
2. Fill out the annual report form
3. Pay the $75 fee and file your report  

If you choose to file by mail, you can download the form and mail it, along with the $75 filing fee, to:

Secretary of State 

Department of Business Services 

Limited Liability Division 

501 S. Second St., Rm. 351 

Springfield, IL 62756

Phone: 217-524-8008 

In Illinois, annual reports are due every year by the end of the month prior to the anniversary month of the LLC registration. The penalty for filing late is $100, while the penalty for failing to register a report altogether is the dissolution of the LLC. 

Filing Fee

As mentioned above, the fee for filing an annual LLC report in Illinois is $75. 

What Happens After I File my Illinois Annual Report?

After you file your report, you will receive a notification of any errors or omissions, or confirmation that your report has been filed. If you receive a notification, it’s crucial that you respond quickly and address any errors in order to avoid penalties.  

Conclusion

Filing an annual report is a requirement for LLCs in Illinois, so it’s crucial that you take the time to accurately fill out the form and file with your state in a timely manner. This will ensure your company is allowed to operate uninterrupted and with no legal penalties.