It’s crucial to be aware that if you run a Limited Liability Company (LLC) in Illinois, you must submit an annual report to the state’s secretary of state on a yearly basis. This report is meant to inform the state of the adjustments your business has made over the course of the year. Regardless of whether the LLC has undergone any changes, the law mandates that all LLCs submit this report.
A report known as an Illinois Annual Report is submitted annually to the Illinois Secretary of State. Using the report, you can inform the state of any alterations you made to your LLC during the course of the year. The report’s objective is to maintain the accuracy and currentness of the state’s records. It is crucial to remember that if you don’t submit this report, the state may dissolve your LLC.
In Illinois, filing an annual report costs $75. When the report is filed, this charge is payable. A $300 penalty fee will be added to the $75 filing fee if your report is not submitted by the deadline. An Annual Report LLC is what?
Limited Liability Companies (LLCs) are required to submit an Annual Report LLC each year. This report is designed to inform the state of any alterations the business has undergone over the course of the year. The report contains details about the LLC, including its name, location, registered agent, and members’ names and addresses. The state may dissolve the LLC if this report is not submitted.
You can submit your Illinois Annual Report electronically at the Secretary of State’s website in Illinois. As it is the quickest, simplest, and most secure way to file, this is the suggested approach. You can also mail in your report, however there may be delays and it will take longer to process.
In conclusion, it’s critical to file your Annual Report each year if you operate an LLC in Illinois. The state uses this report to maintain its records correct and up to date. The state may dissolve your LLC if you don’t submit this report. This report can be submitted online or by mail for a $75 cost.
You can go to the Illinois Secretary of State’s website and log in to your account to submit the corporate annual report for your LLC in Illinois for 2020. Then, you can choose the option to file an annual report, fill out the form as directed on the website, and submit it. Information such the name and address of your LLC, the members’ and managers’ names and addresses, and the registered agent’s details must be provided. In addition, you must pay the appropriate filing fee.