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Who needs an annual report?

Annual report filing requirements One requirement imposed by the state corporation and LLC statutes is for corporations and LLCs to file an annual report in the formation state and every state where they are qualified or registered to do business.

Does Illinois require annual reports?

Illinois Annual Report Information. Businesses and nonprofits are required to file annual reports to stay in good standing with the secretary of state.

Does Illinois require annual report for LLC?

Illinois LLC taxes and fees The following are 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. The annual report fee is $250.

Is an annual report mandatory?

In general, most states require corporations and other businesses with shareholders to file annual reports. If they fail to do so, they may lose their corporate designation and the tax advantages that go with that designation.

Does an LLC need to file an annual report in Illinois?

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. The annual report fee is $250.

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