Renewal and Reinstatement of Illinois Corporation
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It’s time to renew your Illinois corporation annually by filing a Corporate Annual Report form. An administratively dissolved corporation may reinstate by paying $200, plus delinquent fees. LLCs also file annual reports in Illinois.
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Completing the Corporate Annual Report renews your corporation. To get Articles of Incorporation, visit the Secretary of State’s website. To end an LLC, owners approve then file the Certificate of Dissolution.
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To reinstate a corporation, submit the Application for Reinstatement form and franchise taxes owed. Filing fees are $75 for LLCs. To dissolve a corporation, submit the Articles of Dissolution form.
Maintenance of an LLC in Illinois
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How much does it cost to maintain an LLC in Illinois?
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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. If your LLC is registered in Illinois, you must renew it with the Secretary of State every year. An LLC is a business structure that allows for personal asset protection and flexibility in how the company is taxed.
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In Illinois, an annual report is a regular filing that your LLC must complete every year to update your business information. 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.
Dissolution and Reinstatement Procedures
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To dissolve/terminate your domestic LLC in Illinois, you must submit the completed form LLC-35-15, Statement of Termination in duplicate to the Illinois Secretary of State by mail or in person along with the filing fee.
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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).