Annual Reports and Filings

Each Illinois Corporation must file an annual statement with the Illinois Department of State. Failure to file the annual report on a timely basis will lead to administrative dissolution of your Corporation. Although an administratively dissolved corporation can apply for reinstatement within certain time forms, reinstatement following administrative dissolution is very costly. The cost of reinstating an administratively dissolved corporation is many times as costly as the original formation of your corporation.

The annual report must be filed within 60 days after the first day of the anniversary month of corporation. The filing fee for the annual report is $25.00.

Each corporation must also pay annual franchise taxes in illinois.The annual franchise tax is a minimum of $25.00 and maximum of $1 Million. It is computed based upon 1% of stated capital.

The annual franchise tax payable by each domestic or foreign corporation is computed at the rate of 0.1% of stated capital for the 12-month period beginning on the 1st day of the anniversary month. The tax cannot be less than $25 or more than $1 million per year. .

It is important to keep the Department of State notified of any changes in your Principal Place of Business and Registered Agent. Official forms and filings are required for notifying the Department of State of these changes. Filing fees are also applicable to these notifications.

Get the Mailing Address and Telephone Directory For the Department of State.

Get the Schedule of Filing Fees From the Department of State