Illinois: annual report deadlines, fees and closing a business
For LLCs and corporations registered in Illinois. Facts last verified against the official pages linked below.
Find my exact due date File on the official Illinois site
At a glance
| Entity | Annual report due | Fee | Late |
|---|---|---|---|
| LLC (annual report) | Before the first day of the anniversary month; the report may be delivered in the 60 days immediately preceding the first day of the anniversary month (805 ILCS 180) | $75 (plus $50 for each series with a certificate of designation); no franchise tax for LLCs on the pages read | $100 penalty (plus $100 for each year or fraction thereof beginning with the second year of delinquency) if the default is not corrected before the first day of the second month after the anniversary month (805 ILCS 180/50-15) |
| Corporation (annual report + franchise tax) | Within the 60 days immediately preceding the first day of the anniversary month (or the corporation's extended filing month) each year (805 ILCS 5/14.10) | $75 annual report filing fee (805 ILCS 5/15.10) plus annual franchise tax; since January 1, 2025 the first $10,000 of franchise tax liability is exempt (805 ILCS 5/15.35). Filing the report online adds a $50 expedited fee | 10% of any delinquent franchise tax due for the report, plus interest of 2% per month or part of a month on late franchise tax (minimum $1) (805 ILCS 5/16.05) |
LLC (annual report)
- Due: Before the first day of the anniversary month; the report may be delivered in the 60 days immediately preceding the first day of the anniversary month (805 ILCS 180).
- Fee: $75 (plus $50 for each series with a certificate of designation); no franchise tax for LLCs on the pages read.
- Late: $100 penalty (plus $100 for each year or fraction thereof beginning with the second year of delinquency) if the default is not corrected before the first day of the second month after the anniversary month (805 ILCS 180/50-15).
- If you miss it: The Secretary of State declares the LLC delinquent and not in good standing, will not file other documents for it until the delinquency is cured, and may show it as not in good standing. Reinstatement application fee: $200 (805 ILCS 180/50-10). Administrative dissolution terms: not yet researched.
- To close it: not yet researched.
Sources: 805 ILCS 180/50-1 (LLC annual report timing) · 805 ILCS 180/50-10 (LLC fees: $75; reinstatement $200) · 805 ILCS 180/50-15 (LLC penalty) · IL SoS: LLC annual report online · verified 2026-10-17
Corporation (annual report + franchise tax)
- Due: Within the 60 days immediately preceding the first day of the anniversary month (or the corporation's extended filing month) each year (805 ILCS 5/14.10).
- Fee: $75 annual report filing fee (805 ILCS 5/15.10) plus annual franchise tax; since January 1, 2025 the first $10,000 of franchise tax liability is exempt (805 ILCS 5/15.35). Filing the report online adds a $50 expedited fee.
- Late: 10% of any delinquent franchise tax due for the report, plus interest of 2% per month or part of a month on late franchise tax (minimum $1) (805 ILCS 5/16.05).
- If you miss it: Reinstatement application fee: $200 (805 ILCS 5/15.10). Other consequences of non-filing for corporations: not yet researched.
- To close it: not yet researched.
Sources: 805 ILCS 5/14.10 (corporation annual report timing) · 805 ILCS 5/15.10 (corporation fees: $75; reinstatement $200) · 805 ILCS 5/15.35 (franchise tax; $10,000 exemption) · 805 ILCS 5/16.05 (corporation penalties and interest) · IL SoS: corporation annual reports online (instructions) · verified 2026-10-17
Good to know
Corporation online filing limits.
A corporation cannot file its annual report electronically if it owns property or transacts business outside Illinois, or if authorized shares, issued shares or paid-in capital changed; those must be filed on paper.
Source: IL SoS: corporation annual reports online · verified 2026-10-17
Illinois business taxes
We have not compiled Illinois business tax thresholds or due dates yet. Start at Illinois Secretary of State (corporate franchise tax is paid with the annual report). This page covers annual report or periodic filing rules only; tax details are not yet researched.
Closing a Illinois business
Illinois closing steps: not yet researched. The federal steps are on the closing checklist. For state steps, start at Illinois Secretary of State, Business Services.
Not yet researched for Illinois
- closing/dissolution steps and fees
- administrative dissolution terms
- how franchise tax is calculated
These items are left out on purpose until they can be confirmed on an official page.
Official links
- Illinois Secretary of State, Business Services
- Illinois LLC annual report online
- Illinois Secretary of State (corporate franchise tax is paid with the annual report)
Beware of mail asking you to pay to file your annual report: see scam mailers.