Annual Renewal and Fees
What is the annual fee for an LLC in Illinois?
To renew your Illinois corporation annually, file a Corporate Annual Report form. An administratively dissolved corporation may reinstate by paying $200, plus delinquent fees. LLCs also file annual reports in Illinois.
To reinstate a corporation, submit the Application for Reinstatement form along with any owed franchise taxes. Filing fees are $75 for LLCs. To dissolve a corporation, submit the Articles of Dissolution form.
How much does it cost to maintain an LLC in Illinois?
An LLC registered in Illinois must renew annually with the Secretary of State. An annual report is a required filing that updates your business information. Maintaining accurate renewal records ensures the LLC remains in good standing and offers personal asset protection to its members.
To dissolve a domestic LLC in Illinois, submit form LLC-35-15, Statement of Termination, in duplicate along with the filing fee.
Reinstating a Dissolved LLC
The process to reactivate an Illinois limited liability company includes filing the Application for Reinstatement Following Administrative Dissolution or Revocation (Form LLC 35.40/45.65) with the Illinois Secretary of State’s Department of Business Services.
Taxation for an LLC
What is the annual tax for an LLC in Illinois?
The LLC has no Illinois income tax filing requirements unless it is taxed as a subchapter S Corporation federally. If so, it will file Form IL-1120-ST, Illinois Small Business Corporation Replacement Tax Return.