What is the Annual Report Illinois?

Like most states of the USA, the office of the Illinois Secretary of State requires to file an annual report to transact business in the USA. An annual report is filed to update the most current management structure and the physical location address where the business is being conducted. The annual report is not a tax instead it is a company renewal which is done every year.

State of Illinois Limited Liability Company Annual Report Filing Process:

• The domestic and foreign limited liability companies Illinois file a standard annual report electronically each year to update company's principal place of business, current LLC members, LLC manager and a complete information of the latest registered agent.
• The Illinois annual report is filed on or before the due date, and if it not filed within 60 days of the due date with the require payment, the LLC will be administratively dissolved and later permanently canceled by the office of the Illinois Secretary of State.

State of Illinois Corporation Annual Report Filing Process:

• The officers of the Illinois corporation file an annual report yearly and update the principal office of the corporation along with the current management structure.
• State of Illinois corporation annual report files electronically, and it is subject to a penalty if not filed on time.

State of Illinois Non For Profit Annual Report Filing Process:

Like the Illinois corporations and limited liability companies, An Illinois not for profit company also files annual report and update the record.