Illinois Annual Report: Due Date, Fee & Late Penalty

Last verified: 2026-10-04 against the Illinois Secretary of State, Department of Business Services and other official sources listed below

Short answer: Illinois LLCs file the Annual Report (Form LLC-50.1) each year (before the first day of the LLC's anniversary month each year; may be delivered within the 60 days immediately preceding the first day of the anniversary month (805 ILCS 180/50-1); fee $75). Corporations: annual report, $75 fee and annual franchise tax are due before the first day of the corporation's anniversary month (or its elected extended filing month); may be delivered within the 60 days immediately preceding (805 ILCS 5/14.10), fee $75.

Illinois annual report due date calculator

Pick the entity type and formation date to get your exact next due dates, fee and late penalty.

Entity type

Formation date (needed for Illinois)

Illinois · LLC

Enter the formation date above — Illinois's due date depends on it.

State fee: $75
If you file late: Delinquent and not in good standing if not filed before the first day of the anniversary month; if not cured before the first day of the second month after the anniversary month, penalty of $100, plus $100 for each year or fraction thereof beginning with the second year of delinquency (805 ILCS 180/50-15)

File online ↗Official instructions ↗Add all your federal + state deadlines →

Verified 2026-10-04 against 7 official sources: [1] ilga.gov [2] ilga.gov [3] ilga.gov [4] ilga.gov [5] ilga.gov [6] ilga.gov [7] ilsos.gov

Illinois LLC: Annual Report (Form LLC-50.1)

Due: Before the first day of the LLC's anniversary month each year; may be delivered within the 60 days immediately preceding the first day of the anniversary month (805 ILCS 180/50-1)
How often: Every year
First report: Before the first day of the anniversary month in the year after the LLC is organized
Filing window: Within the 60 days immediately preceding the first day of the anniversary month (pre-printed form mailed about 60 days before due)
State fee: $75 — (805 ILCS 180/50-10), plus $50 for each series with a certificate of designation. A payment processor fee is added to online transactions
Late fee: Delinquent and not in good standing if not filed before the first day of the anniversary month; if not cured before the first day of the second month after the anniversary month, penalty of $100, plus $100 for each year or fraction thereof beginning with the second year of delinquency (805 ILCS 180/50-15)
Grace period: The $100 penalty applies if the report is not filed before the first day of the second month after the anniversary month
Dissolution: Failure to file the annual report and pay the fee before the first day of the anniversary month is a ground for administrative dissolution (805 ILCS 180/35-25); the SOS mails a notice of delinquency and dissolves the LLC if the default is not corrected within 120 days after the notice (805 ILCS 180/35-30)
Reinstatement: Application for reinstatement $200 (805 ILCS 180/50-10), plus all reports then due and all fees and penalties (805 ILCS 180/35-40)

Sources: [1] ilga.gov · [2] ilga.gov · [3] ilga.gov · [4] ilga.gov · [5] ilga.gov · [6] ilga.gov · [7] ilsos.gov

Illinois corporation: Domestic Corporation Annual Report (Form BCA 14.05)

Due: Annual report, $75 fee and annual franchise tax are due before the first day of the corporation's anniversary month (or its elected extended filing month); may be delivered within the 60 days immediately preceding (805 ILCS 5/14.10)
How often: Every year
First report: Before the first day of the anniversary month in the year after incorporation
Filing window: Within the 60 days immediately preceding the first day of the anniversary month
State fee: $75 — Filing fee (805 ILCS 5/15.10(o)) plus annual franchise tax computed on paid-in capital allocated to Illinois, paid with the report. On and after January 1, 2025 the first $10,000 of franchise tax liability is exempt (805 ILCS 5/15.35), so most small corporations pay only the $75 fee (form: 'Total minimum due is $75'). Corporations may elect an extended filing month tied to their fiscal year (Form BCA 14.01, $25)
Late fee: Late annual report: penalty of 10% of any delinquent franchise tax; plus interest of 2% per month (minimum $1) on late franchise tax (805 ILCS 5/16.05). If no franchise tax is due, no penalty is computed
Dissolution: Failure to file the annual report and pay franchise tax before the first day of the anniversary month is a ground for administrative dissolution (805 ILCS 5/12.35); the SOS mails a Notice of Delinquency and dissolves the corporation if the default is not corrected within 90 days (805 ILCS 5/12.40)
Reinstatement: Application for reinstatement (Form BCA 12.45) $200 (805 ILCS 5/15.10(p)), plus all delinquent reports, franchise taxes, penalties and interest

Sources: [1] ilga.gov · [2] ilga.gov · [3] ilga.gov · [4] ilga.gov · [5] ilga.gov · [6] ilga.gov · [7] ilsos.gov · [8] ilsos.gov

Illinois franchise, privilege and minimum taxes

Annual franchise tax (paid with the corporation annual report) (Illinois Secretary of State) — Computed on paid-in capital allocated to Illinois; first $10,000 of liability exempt on and after January 1, 2025. Due: With the annual report, before the first day of the anniversary month. No franchise tax due if computed liability is $10,000 or less (2025 and later)

Foreign (out-of-state) LLCs and corporations registered in Illinois

LLC: Foreign LLCs file the same $75 annual report before the first day of the anniversary month (month of admission); same $100 late penalty
Corporation: Foreign corporations file Form BCA 14.05 FOR: $75 plus franchise tax on Illinois-allocated paid-in capital, before the first day of the anniversary month (month the authority was issued), beginning the year after authority is issued

Good to know

Illinois annual reports are due BEFORE the first day of the anniversary month - effectively the last day of the month before the formation month.
Illinois' corporate franchise tax exemption rose to the first $10,000 of liability on January 1, 2025 (up from $5,000 in 2024).

Illinois annual report FAQ

When is the Illinois LLC annual report due?

Annual Report (Form LLC-50.1): Before the first day of the LLC's anniversary month each year; may be delivered within the 60 days immediately preceding the first day of the anniversary month (805 ILCS 180/50-1). First report: Before the first day of the anniversary month in the year after the LLC is organized. Use the calculator on this page with your formation date to get the exact date.

How much is the Illinois annual report fee?

LLC: $75 ((805 ILCS 180/50-10), plus $50 for each series with a certificate of designation. A payment processor fee is added to online transactions). Corporation: $75 (Filing fee (805 ILCS 5/15.10(o)) plus annual franchise tax computed on paid-in capital allocated to Illinois, paid with the report. On and after January 1, 2025 the first $10,000 of franchise tax liability is exempt (805 ILCS 5/15.35), so most small corporations pay only the $75 fee (form: 'Total minimum due is $75'). Corporations may elect an extended filing month tied to their fiscal year (Form BCA 14.01, $25)). These are state fees; portal or card fees may apply.

What happens if I file my Illinois annual report late?

LLCs: Delinquent and not in good standing if not filed before the first day of the anniversary month; if not cured before the first day of the second month after the anniversary month, penalty of $100, plus $100 for each year or fraction thereof beginning with the second year of delinquency (805 ILCS 180/50-15). Failure to file the annual report and pay the fee before the first day of the anniversary month is a ground for administrative dissolution (805 ILCS 180/35-25); the SOS mails a notice of delinquency and dissolves the LLC if the default is not corrected within 120 days after the notice (805 ILCS 180/35-30). Corporations: Late annual report: penalty of 10% of any delinquent franchise tax; plus interest of 2% per month (minimum $1) on late franchise tax (805 ILCS 5/16.05). If no franchise tax is due, no penalty is computed.

Where do I file the Illinois annual report?

With the Illinois Secretary of State, Department of Business Services, online at www.ilsos.gov/departments/business-services/annual-reports/llc-instructions.html.

Official Sources

Figures checked against these sources on 2026-10-04

General information, not legal advice. Confirm current fees and deadlines with the Illinois Secretary of State, Department of Business Services before filing.