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The consequences of non-compliance with the Illinois Secretary of State annual report filing can be quite costly. By not filing your annual report by its due date, your company will begin to accrue penalties and interest and eventually lead to involuntary dissolution and the possible loss of your company name.
What does annual report mean?
An annual report is a corporate document disseminated to shareholders that spells out the company's financial condition and operations over the previous year. It was not until legislation was enacted after the stock market crash of 1929 that the annual report became a regular component of corporate financial reporting.
Where do I file my annual report in Illinois?
Make all forms of payment payable to "Secretary of State." Mail the fee and completed Annual Report to: Secretary of State Department of Business Services Limited Liability Division, 501 S. 2nd Street, Room 351, Springfield, IL 62756.
Does Illinois require annual report for LLC?
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.
What is Illinois annual report?
The annual reports contain statistics on the number of cases opened and closed at the IWCC, and a cost comparison of Illinois to other states. The reports also include budget information, administrative highlights of the year, and the agency's mission statement.
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The annual report cannot be filed electronically if: The annual report must be filed on paper accompanied by the appropriate document(s) changing the authorized shares, issued shares and/or paid-in capital.
How much is Illinois corporate annual report?
The fee for filing by mail is $250 and $300 for filing online. The extra $50 is added automatically and considered a fee for expedited filing. The filing fees for different corporation structures are as follows: Domestic and foreign Illinois corporations and PCs: $25 along with a minimum franchise tax of $25.
How much is the annual fee for LLC in Illinois?
After you form an LLC in Illinois, you must file an Annual Report and pay a $75 fee every year. You need to file your Annual Report in order to keep your Illinois LLC in compliance and in good standing with the Illinois Secretary of State.
Are annual reports mandatory?
Annual reports became a regulatory requirement for public companies following the stock market crash of 1929 when lawmakers mandated standardized corporate financial reporting.
Does Illinois require annual report for LLC?
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.
Related links
Annual Reports | Office of Corporate Relations
Annual Reports. Resources; Annual Reports; Annual Reports. 2021 Annual Report ... 12,914 unique employers hired students from Illinois; 92 of the Fortune ...
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