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Written by: Carolyn Young
Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.
Edited by: David Lepeska
David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.
Updated on February 4, 2023
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.
Your LLC must file an annual report, also known as a statement of information, with your state to keep your company in good standing.
Any business that is legally registered with the state of Illinois must file this report, which includes detailed information about your business.
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.
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.
As mentioned above, the fee for filing an annual LLC report in Illinois is $75.
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.
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.
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