Everything you need to know about forming and maintaining a business entity in Illinois.
Annual Report Due
Anniversary
Processing Time
1 business days
Annual Report State Filing Fee
$150
Registered Agent
Required
| Filing Type | Due Date | CLS Fee | State Processing Time | State Fee |
|---|---|---|---|---|
| Formation | N/A | $100 | 5-7 days | $150 |
| Annual Report | Anniversary | $50 | 5-7 days | $75 |
| Franchise Tax | Anniversary | — | N/A | From $75 |
| Amendment | N/A | $100 | 5-7 days | $50 |
| Dissolution | N/A | $100 | 7-10 days | $5 |
| Foreign Qualification | N/A | $100 | 7-10 days | $150 |
* State fees are subject to change. Contact the Secretary of State for current fee schedules.
Franchise Tax Applies
Franchise tax based on paid-in capital
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Common questions about forming and maintaining a business in Illinois.
Illinois annual reports are due on the first day of your anniversary month—not the last day like most states. For example, if you formed your LLC on March 15, your annual report is due March 1 each year.
Yes, Illinois has been phasing out its franchise tax. The tax has been significantly reduced in recent years, with the phase-out expected to continue. Check current rates as they change annually.
Yes, Illinois offers online filing through the Secretary of State's website. Online filing is faster and often provides instant confirmation of your filing.
Content reference: CCP-88F6F97E4437