The process of re-establishing a domestic limited liability company in Illinois begins with the completion and filing of the Reinstatement Following Administrative Dissolution form. To be accepted by the Illinois Secretary of State, the form must be completed and submitted in duplicate by mail or in person at the Illinois Secretary of State’s office.
An LLC is a business structure that allows for personal asset protection and flexibility in how the company is taxed. If your LLC is registered in Illinois, you must renew it with the Secretary of State every year.
The Application for Reinstatement Following Administrative Dissolution or Revocation (Form LLC 35.40/45.65) must be filed with the Illinois Secretary of State’s Department of Business Services in order to reactivate an Illinois limited liability company (LLC). You’ll also have to address the difficulties that led to the dissolution of your LLC.
In Illinois, an annual report is a regular filing that your LLC must complete every year to update your business information.
The LLC has no Illinois income tax filing requirements. If the LLC is a subchapter S Corporation for federal income tax purposes, and files a U.S. Form 1120S, U.S. Income Tax Return for an S Corporation, for Illinois purposes the LLC will file Form IL-1120-ST, Illinois Small Business Corporation Replacement Tax Return.
To dissolve/terminate your domestic LLC in Illinois, you must submit:
- Completed form LLC-35-15, Statement of Termination
- Submit in duplicate
- Must be mailed or delivered in person
- Accompanied by the appropriate filing fee
By maintaining accurate records of the LLC’s renewal, you can ensure that it remains in good standing with the state and is able to provide limited liability protection to its members.