Illinois annual report
Illinois LLCs file a Annual Report every year for $75. Due: Before the first day of the LLC's anniversary month each year.
| Entity | Report | Fee | How often | Due | If late |
|---|---|---|---|---|---|
| LLC | Annual Report | $75 | annual | Before the first day of the LLC's anniversary month each year | $100 penalty if not filed by the first day of the second month after the anniversary month, plus $100 for each further year delinquent; continued failure leads to administrative dissolution (reinstatement $200 plus delinquent fees and penalties) |
| Corporation | Annual Report (Form BCA 14.05, filed with annual franchise tax) | $75 | annual | Before the first day of the corporation's anniversary month each year, together with the annual franchise tax | — |
| Nonprofit | Annual Report (Not-for-Profit Corporation) | — | annual | Before the first day of the corporation's anniversary month each year | — |
When the first one is due
- LLC: Before the first day of the anniversary month in the year after formation
- Corporation: Before the first day of the anniversary month in the year after incorporation
- Nonprofit: Before the first day of the anniversary month in the year after incorporation
Taxes due on their own schedule
- Corporate franchise tax (Corporation): $0 — Franchise tax on paid-in capital (0.1% annually; $1.50 per $1,000 at formation; historically $25 minimum), but for periods on or after January 1, 2025 the first $10,000 of franchise tax liability is exempt, so a small corporation typically owes nothing. LLCs do not pay franchise tax.
Checked 2026-10-20. Confirm on the Illinois Secretary of State, Department of Business Services site before filing.