Step 1: Verify the Filing Date Checking your filing date is the first step in renewing your corporation in Illinois. By the first day of the month after the anniversary of the corporation’s first filing, your corporation must renew its registration. Accordingly, if your corporation was formed on March 15th, you must renew your registration by March 1st every year.
Complete your annual report in Step 2 The completion of your annual report is the next step. An annual report is a document that offers up-to-date details about your corporation, including the directors’ and officers’ names and addresses, your company’s address, and the phone number for your registered agent. You can submit your annual report electronically on the website of the Illinois Secretary of State.
Pay Your Renewal Fee in Step 3 You must pay your renewal cost after finishing your annual report. Corporations must pay $75 for the renewal. Through the website of the Illinois Secretary of State, you can pay your renewal cost with a credit card or an electronic check.
Verify Your Business Information in Step 4
After submitting your Annual Report and paying the renewal cost, you should check your business information. Make sure all of your information is current and accurate by checking it again. To confirm that your renewal has been handled, you can also check the status of your company on the Illinois Secretary of State’s website.
How to Change a Corporation’s Officers in Illinois
You must submit a Statement of alter of Registered Office or Registered Agent and/or Change of Principal Office Address to the Illinois Secretary of State if you need to alter the officers of your corporation there. This document can be submitted online or by mail. The filing fee for this document is $25.
In conclusion, it is a rather easy process to renew your corporation in Illinois. Just be sure to complete your Annual Report, pay your renewal cost, and double-check the information about your business before renewing your registration. You must submit a Statement of Change of Registered Office or Registered Agent and/or Change of Principal Office Address to the Illinois Secretary of State if you need to replace the executives of your corporation. You may make sure that your business is in good standing with the state of Illinois by following these instructions.
Yes, corporations in Illinois are required to submit an annual report to the Secretary of State’s office. Every year, the report is due on the first day of the corporation’s incorporation anniversary month. Failure to submit the yearly report could result in fines and ultimately, the corporation’s dissolution.
A corporation’s annual report is a document that contains crucial details regarding the organization’s operations and financial standing over the course of the preceding year. It must be submitted yearly to the Secretary of State’s office and is mandated by law in the majority of states, including Illinois. The report normally contains details like the corporation’s name and address, the officers’ and directors’ names and addresses, the total number of issued and outstanding shares, and financial statements with information on revenues, expenses, and gains or losses.