Illinois annual report Filing Instructions
What is the cost to file the Illinois annual report?
Online filing requires an additional $50 expedite fee.
How to file your annual report with the Illinois Department of Business Services:
Illinois offers online annual report filing for domestic corporations, domestic nonprofits and domestic and foreign limited liability companies. The online system can only be used if the corporation has not changed the authorized shares and it does not own property outside Illinois. The online annual report filing is more expensive because Illinois charges the expedite fee automatically for all online filings. Foreign corporations cannot file online.
The paper annual report forms can be downloaded from the IL Secretary of State site, or they are in your online account when you sign up for our Illinois registered agent services.
If you have a domestic or foreign corporation in Illinois, take a deep breath. We have tried to provide step by step instructions for you, but most people still struggle with the Illinois corporation annual report. We don’t know why the State of Illinois thinks it is acceptable to put small business owners through filling out this form.
You can have different classes of shares. Sometimes people even have a series underneath the classes. Bigger companies might use this system for investors to not give any real rights to the investors buying a certain series. The majority of corporations would list their class as common and leave the series field blank. I would bet that 95% of Illinois corporations don’t have series of shares.
The par value of your shares is usually zero, a penny, or a dollar. You could change the par value at any time.
The number of shares authorized would be in your articles of incorporation. You usually would issue shares at your initial meeting of your corporation. Most people forget, or don't even hold an annual meeting. If this is you, you will need to look back on your previous annual reports if you've filed them with Illinois and see what you put down previously. You might even have to go digging in your annual meeting record book and see if you ever even issued any shares. It's ok to put zero, but more than likely you issued all of the shares you authorized.
Paid in Capital:
If you have a corporation, and you don't file tax returns for a living, understand allocation factors, and don't want to disclose personal information on your company, I suggest marking 10B and paying based on your capital.
This is my open letter to Jesse White, Illinois Secretary of State...
IL LLPs and LPs compliance requirements:IL LLPs, both domestic and foreign, must file a Renewal Statement each year within 60 days of anniversary, as the Statement of Qualification expires every year. The form must be downloaded from the Department website and mailed in with the fee.
IL LPs, both domestic and foreign, file an annual report form each year also, before the anniversary date of the partnership. This form must be downloaded from the Department website and mailed in with the fee.
Does Illinois have an initial report requirement?No.
When is the Illinois annual report Due?Illinois annual reports are due by the day before the first day of the anniversary month. In other words, the last day of the month before the anniversary month starts. So if your filing date is April 15th, your report will always be due on March 31st.
Illinois charities are required to register with the Illinois Attorney General and file an annual report each year. The annual report is due six months after the fiscal year end; generally June 31st.
IL LLCs: Pay $300 if 60 days late.
How do I get notified?Illinois Secretary of State mails the annual report to your Illinois registered agent.
Who can file Illinois annual reports?
Are original signatures needed?
Yes the paper reports will need original signatures.
Office of Illinois Secretary of State
Domestic corporation annual report online: http://www.ilsos.gov/soar/
Disclaimer: To the credit of the Illinois Department of Business Services, on November 15, 2011, Mr. Derek White called with valuable corrections to our information. Derek was very gracious with his helpful advice and we appreciate it.
Select a state to view detailed information about filing the annual report for that state: