Formation and Annual Requirements

To officially form your Illinois LLC, file the Articles of Organization with the Secretary of State for $150. This legal document creates your limited liability company.

After forming your LLC, submit an Annual Report and $75 fee every year. This renews your business and keeps your standing with the state.

Ownership and Termination

As an LLC owner, you’ll generally pay yourself through an owner’s draw, essentially transferring company cash reserves for personal use.

To terminate your domestic Illinois LLC, submit the completed LLC-35-15 form and fee by mail or in person.

Renewal and Compliance

Illinois LLCs can operate in other states by registering as a foreign LLC. Research registration rules, fees, and taxes beforehand.

Annual Reports for Illinois LLCs are submitted online or by mail using Form LLC-50.1. Provide names, addresses, and business details. Pay the $75 fee before your anniversary month.