LLC Annual Report Business Services

Guidelines

• Domestic and foreign limited liability companies may file the Annual Report electronically. Companies not in good standing are required to pay the late filing penalty mandated by Section 50-15 of the Limited Liability Company Act.
• An LLC Annual Report cannot be filed electronically if the LLC has been dissolved, either voluntarily or administratively, has been revoked or effected a voluntary withdrawal, or has expired; has more than eight managers or, if there are no managers, more than eight members; is a foreign company that has management vested in both managers and members; has had its registered agent vacate and has not appointed a new one; is authorized to establish series; or must execute the report through the use of layered signatures or by power of attorney. All documents executed by power of attorney must be accompanied by a copy of the authorization.
• When filing an LLC Annual Report electronically, companies may report changes to the address of the principal place of business; or the names and/or addresses of managers, or if there are no managers, of the members, including the removal or addition of new managers or members (up to a total of eight).
• When filing an LLC Annual Report electronically, companies may NOT report changes to the name, duration, purpose or management type of the company; or the name of the registered agent or the address of the registered office.
• Separate filing of the appropriate amendatory document, such as Articles of Amendment (LLC-5.25), Restated Articles of Organization (LLC-5.30) or Amended Application for Admission (LLC-45.25), is required to report a change in the name, duration, purpose or management type of the company.
• A separate filing of form LLC-1.36/1.37 is required to report a change in the name of the registered agent and/or the address of the registered office.
• The company must be in good standing to file any of these documents.
• All annual reports, whether filed electronically or on paper, must be filed by a manager, or if there are no managers, by a member who is listed in the report. As indicated earlier, any annual report requiring execution by use of layered signatures or by power of attorney must be filed using the paper version of form LLC-50.1.

Penalty

• Limited liability companies not in good standing may file annual reports electronically, but are required to pay the late filing penalty mandated by Section 50-15 of the Limited Liability Company Act.
• An LLC Annual Report filed electronically will be considered an original filing even if an earlier paper version was submitted and then returned by the Secretary of State for revisions. Therefore, in addition to the filing fee any penalty incurred as of the current date must be paid at the time of filing.

Fees

• Payment must be made using Visa, MasterCard, Discover or American Express credit card.
• Payment of all fees due is required during the electronic filing process.
• Required fees to file the annual report electronically also include an additional $50 expedited fee.
• If payment is ultimately denied, the Annual Report filing is void and company is placed in delinquent status.

For more information, please call 217-524-8008, Mon.-Fri., 8 a.m.-4:30 p.m. (central time). PDF files of all forms pertaining to the filing requirements of the Illinois Limited Liability Company Act, are available by visiting the Publications section.