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Illinois Annual Report Service & Filing Instructions

Corporate Compliance by Local Corporate Guides®

All Illinois corporations, nonprofits, and LLCs must file an annual report each year with the Illinois Secretary of State. LLPs don’t have annual report requirements, but they must file a Renewal Statement each year within 60 days prior to the anniversary date. For example, if you formed your LLP on June 14, 2019, your renewal statement will be due within 60 days prior to June 14, 2020. Annual reports are due each year on the day before the first day of your business’ anniversary month. What does that mean? Well, if you initially formed your company on June 14, then your due date would always be May 31. Below, we have a step-by-step guide to filing your Illinois Annual Report yourself. Our guide includes annual report due dates, fees, instructions, requirements, and frequently asked questions. Unfortunately, the Illinois Annual Report is one of the most annoying and painful state-mandated reports to fill out. So, if you find yourself frustrated and wanting to give up, you can always hire us to take care of it for you.

We'll File For You

We’ll worry about filing your Illinois Annual Report so you don’t have to.

  • Guaranteed On-Time Filing
  • Professional Preparation
  • Maintain Good Standing
  • Keep Your Company Active

Enhance Privacy

When we file your annual report, we help keep your personal information private.

  • Stay Off “Inactive” Lists
  • Keep State Info Current
  • State Records Monitoring
  • Update Records Instantly

Illinois Annual Report Service

$100 + State Fees
Rated 4.7 / 5 stars by 117 clients on Google

How to File Your Illinois Annual Report

To file your Illinois Annual Report, you’ll need to complete the following steps:

  1. Determine your company’s due date and fees (these vary by entity type). Foreign and domestic corporations must pay a minimum $25 franchise tax in addition to filing an annual report.
  2. Complete your report online OR print and complete a paper form.
  3. Submit your report and filing fee with the Illinois Secretary of State.

We’ve provided a guide below to help you complete these steps and successfully file your Illinois Annual Report.

Illinois Annual Report Due Dates and Fees

Illinois Annual Report fees and due dates depend on what kind of business you have. We’ve organized this information into an easy-to-read chart below.

Illinois Annual Report Fee Schedule

Business Type

Cost

Due Date

How to File

Illinois Annual Report are filed each year before the 1st day of the anniversary month. For example, if you formed your company on April 25, your due date will always be March 31.

Corporations

$75 + $25 minimum franchise tax

Before the 1st day of the anniversary month

Online or Paper Form

Foreign Corporations

$75 + $25 minimum franchise tax

Before the 1st day of the anniversary month

Online or Paper Form

Limited Liability Companies (LLCs)

$75

Before the 1st day of the anniversary month

Online or Paper Form

Foreign LLCs

$75

Before the 1st day of the anniversary month

Online or Paper Form

Nonprofits, Cooperatives, and Religious Corporations

$10

Before the 1st day of the anniversary month

Online or Paper Form

Limited Liability Partnerships (LLPs)

$100 per partner (minimum $200, maximum $5,000)

Within 60 days prior to the anniversary date

Paper Form

Foreign LLPs

$300

Within 60 days prior to the anniversary date

Paper Form

Late Fees: Illinois foreign and domestic LLCs will pay a $100 late fee if a report is not filed within 60 days after the due date. LLPs (foreign and domestic) will be administratively dissolved or revoked of its business rights if they fail to file within 60 days after their renewal date. Foreign and Domestic corporations will be assessed a late fee based on their franchise tax. Nonprofits will be charged a $3 late fee.

Filing Your Illinois Annual Report

You can file your Illinois Annual Report online or by mail. Either way, you’ll need to visit the Illinois Secretary of State website.

To File Online:

  1. On the state website, go to the Business Services page and select the appropriate business entity type.
  2. Select “Corp Annual Report” for corporations and nonprofits. Select “LLC Annual Report” for LLCs.
  3. Click “file” at the bottom of the page, and enter your corporation, nonprofit, or LLC file number in the search box. Don’t know remember your file number? You can easily look it up by searching the Illinois business database.
  4. Corporations (foreign and domestic) must include a $25 minimum franchise tax when filing their annual reports. To calculate your franchise tax, you can choose between two methods:
    • Paid in Capital: This is the money you started your company with. So, if you started your business with less than $25,000, you fall under the $25 minimum franchise tax. If you have a paid in capital of $50,000, your fee is $50. And, a paid in capital of one million, would make your fee $1000.
    • Allocation Factor: On the annual report form, there is pretty simple formula you can follow to calculate your franchise tax. However, you MUST add 6 zeros after your final number. If you fail to do so, Illinois Secretary of State will reject your report. Keep in mind that using this method forces you to disclose your company’s gross assets and revenue, which is a little invasive. Also, your competitors can order a copy of your report.

To File by Paper:

  1. On the state website, go to the Business Services Publications/Services page and select the appropriate business entity type.
  2. Download and print the annual report form. All corporations must calculate their franchise tax using the Paid in Capital method or the Allocation Factor. The minimum amount is $25. Detailed instructions are listed on the annual report form.

When filling out the annual report, you’ll include the following information and update it if necessary:

  • Name and address of the company.
  • Name and address of your registered agent in Illinois. (You have to file a separate “Statement of Change of Registered Agent and/or Registered Office” and pay an additional $25 fee if you are changing your Illinois registered agent.)
  • Names and addresses of members/managers or directors/officers.

If filing online, you can pay the fee with a credit card. If mailing your form, include a check or money order payable to Secretary of State.

Rather not deal with the hassle of filing yourself? Or worried you’ll forget to file? Avoid incurring late fees and penalties when you hire Northwest Registered Agent to file your Illinois Annual Report for you.

Get Illinois Annual Report Service Today!

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How Our Illinois Annual Report Service Works

For $100 plus the state-mandated report fee, we’ll file your annual report. For most domestic and foreign LLCs, that’s $175 total.

  • You can sign up for this service by itself or add it to an existing service inside your client account. Compliance service is also automatically added when you hire us to provide your registered agent service or form your Illinois LLC, Illinois corporation or Illinois nonprofit.
  • Once you’re signed up for compliance service, you’ll pay nothing up front. We’ll send you a reminder 90 days before your filing due date and auto-charge your preferred payment method five days later.

Annual Report Service Benefits

At Northwest Registered Agent, we’re committed to protecting our clients’ privacy. Illinois Annual Reports are public record, so we’ve designed our annual report service to protect your privacy. Here’s how:

  1. In order to preserve your privacy, we will list OUR contact information instead of yours on the report form.
  2. Only the minimum required information will be included.
  3. We will list our IP address – limiting the connection between your cell phone, personal computer, and work computers – this makes it harder for advertisers to follow you.
  4. We will list our bank and credit card information – not yours.

We believe everyone has the right to keep their information private. That’s why privacy is our guiding principle when we create every service and product.

Illinois Annual Report FAQ

Are there initial reports in Illinois?

No, Illinois does not require initial reports.

Are there late fees or penalties if I don’t file my Illinois Annual Report?

The penalties and late fees for failing to file an annual report varies by entity type. LLCs and LLPs have a 60 day grace period before being assessed a $100 late fee (LLCs) or being administratively dissolved (LLPs). Foreign and domestic corporations will be charged a late fee based on their franchise tax. The form tells you how to calculate your penalty fee. Nonprofits will pay a $3 late fee.

Who can file an Illinois Annual Report?

After starting a business in Illinois, any authorized person may sign the Illinois Annual Report. An authorized person is someone the Illinois business permits to act on its behalf. This could be someone within the business (such as a director or manager), or someone outside of the business that you hire to file your report. When you hire Northwest Registered Agent for annual report service, we complete and file your Illinois Annual Report.

Do Illinois Annual Reports need original signatures?

Paper filings will need original signatures. However, Illinois doesn’t require original signatures on annual reports filed online.

Where can I get more information about State of Illinois Annual Report filing?

Secretary of State
Department of Business Services
501 S. Second St., Rm 350
Springfield, IL 62756
T: (217) 782-7808

https://www.ilsos.gov/ContactFormsWeb/businessservices_contact.jsp

Corporate Compliance
by Local Corporate Guides®