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The following are a few taxation requirements and ongoing fees for Illinois LLCs: Annual report. Illinois requires LLCs to file an annual report during the 60-day period before the first day of the anniversary month of the incorporation date. State taxes.
What happens if you dont file an annual report with LLC in Tennessee?
What happens if I forget to file my Tennessee Annual Report? Although the state of Tennessee doesnt charge late fees for failing to file a Tennessee Annual Report, your business may be administratively dissolved or revoked if you are more than two months delinquent.
Do I have to renew my LLC every year in TN?
An annual report must be filed each year for your business entity to maintain an active status with the Department of State. It updates or confirms your records with the Tennessee Department of State, Division of Corporations, displaying your businesss most current data on file.
Do I need to file an annual report for my LLC in Illinois?
The annual report fee for LLCs is $300 minimum up to a maximum of $3000. The fee increases by an additional $50 per member for every member over 6 members up to a maximum of $3,000. An officer is not listed. If the business is a Tennessee for-profit corporation, the corporation must list at least one officer.
How much does an annual report cost for an LLC?
Initial and Annual Fees for LLCs StateFiling FeeAnnual Fee California LLC $70 $800 Franchise Tax (LLCs formed between January 2021 and January 1st 2024 are exempt for first year.) $20 Statement of Information Colorado LLC $50 $10 Connecticut LLC $120 $80 Delaware LLC $110 $30049 more rows
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If you dont, your LLC will be fined, your LLC be out of compliance, and the state will administratively dissolve (shut down) your LLC. Failure to file the Annual Report is the #1 reason that LLCs are administratively dissolved by the state, so dont take this lightly.
Related links
Annual Report
Dec 31, 2019 GEs 2019 annual report shows a focus on improving financial position and strengthening businesses. GE reduced Industrial leverage by $7B and
How do I find corporate annual reports? - Management Library
What is an Annual Report? Annual reports are published by publicly-traded companies to educate current and potential stockholders about company activities
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