Illinois New Filing Fees

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Illinois LLC
Filing & Annual Report Fees Reduced!

Quick Start Guide
This Quick Start Guide is a brief overview of how to form an LLC in Illinois.

Detailed Lessons:

 

Illinois LLC Costs:
Illinois LLC filing fee: $150
Illinois LLC annual report: $75

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Illinois governor Bruce Rauner signed into law Public Act 100-0571, effective December 20th, 2017, which reduces many Illinois LLC filing fees (including new LLC formations and annual report fees) by up to 70%.

The new law amends the Illinois Limited Liability Company Act’s Section 50-10 which pertains to LLC fees.

Then about 6 months later (in the middle of 2018), the Secretary of State removed the “forced” expedited fees that used to come with the online filings for LLC formation and Annual Report filings.

The two most prominent changes are as follows:

• Illinois LLC Filing Fee (Articles of Organization):
– mail filing fee reduced from $500 to $150
– online filing fee reduced from $600 to $250 (later reduced to $150)

• Illinois LLC Annual Report Fee:
– mail filing fee reduced from $250 to $75
– online filing fee reduced from $300 to $125 (later reduced to $75)

(please see table below for all reduced filing fees)

Prior to these changes, Illinois (alongside Massachusetts) had the highest fees in the nation to start an LLC. Many entrepreneurs used to opt for doing business in neighboring states, like Iowa, to avoid high Illinois LLC startup and annual costs.

Public Act 100-0571 came out of legislation proposed in Senate Bill 867, which has been the result of many efforts, including, but not limited to, the Small Business Advocacy Council, the Illinois Policy Institute, and many more.

Senate Bill 867 passed both Houses on November 7th, 2017 and was signed into law by Governor Bruce Rauner on December 20th, 2017.

This is a much-needed change to the Illinois business landscape and we’re excited to see the economic impact and new businesses this brings to the table.

The table below is up to date as of 2019.

New Illinois LLC filing fees:

[table id=22 /]
Matt Horwitz
Founder & Educator, LLC University®
Forming an LLC shouldn't be so complicated. Our step-by-step guide will make the process a breeze – and no complex legal jargon! LLC University® teaches people how to form an LLC for free in all 50 states. We hope you find our free guides and resources helpful in your business journey.
Disclaimer: Nothing on this page shall be interpreted as legal or tax advice. Rules and regulations vary by location. They also change over time and are specific to your situation. Furthermore, this comment section is provided so people can share their thoughts and experience. Please consult a licensed professional if you have legal or tax questions.

40 Comments

  1. Mr Mike December 29, 2017

    Hello, do you know what the late fee is for filing the annual report late? It was $300 -is it still $300 even though the annual report is now only $75 and the reinstatement is $200 from the previous $500. I read the bill summary but do not see it addressed. Thanks.

    reply
    • Matt Horwitz December 29, 2017

      Hey Mike, after the state reduced the LLC filing fees, we thought the same thing… that they would have reduced the Annual Report late fee. But nope, they did not. It’s still $300. Hope that helps!

      reply
  2. Sarah January 29, 2018

    I’m terminating my LLC because I never actually USED it once I created it. Am I correct to understand that I actually enter a post office address for this question: “Post Office address to which a copy of any process against the Limited Liability Company that may be served on the Secretary of State may be mailed”? Not a PO box, but the street address of an actual post office? Thank you!

    reply
    • Matt Horwitz January 31, 2018

      Hi Sarah, what state is your LLC located in? I’ll take a look at the form and let you know.

      reply
      • Sarah January 31, 2018

        Thanks Matt! Illinois

        reply
        • Matt Horwitz January 31, 2018

          I thought you were referring to Illinois, but I just wanted to double-check. Okay, so the Illinois Statement of Termination does have some funny language in #2. When they say “Post Office address” they do not mean a PO Box address. In fact, they don’t accept PO Box addresses if entered here. The state actually mean a USPS database-verified address. Aka, a physical street address. So you can just use your home or office address, or any physical street address where you regularly get mail. Hope that helps!

          reply
          • Sarah January 31, 2018

            Thanks so much!! WHEW I’m so glad I asked! I almost put the address of my post office I use! ;P Thanks again for clarifying Matt!

            reply
            • Matt Horwitz January 31, 2018

              You’re very welcome Sarah! Glad we could help :)

              reply
  3. Tabby March 22, 2018

    Hi, I’m trying to change my LLC name online on the SOS website and they’re going to charge the $100 expedited fee, is that correct? Or should I just send it in the mail?

    reply
    • Matt Horwitz March 26, 2018

      Hi Tabby, yes, that’s correct. The online filing attaches an automatic “expedited” fee of $100. If want to save the money, just file by mail. Hope that helps :)

      reply
  4. TERRELL Evans March 25, 2018

    What is the fee for filing for Foreign Verification for a delaware LLC to operate in Illinois? And is this something I can do myself?

    reply
  5. Ryan March 29, 2018

    What is the fee for each individual Series renewal?

    reply
    • Matt Horwitz March 30, 2018

      Hey Ryan, for an Illinois Series LLC Annual Report, you’ll now be paying $75 for the whole Series and then $50 for each Unit. Prior to these filing fee changes it was $250 for the Series and $50 for each Unit. The source is 805 ILCS 180/50-10. Look for the 2nd #11 (under the ‘Text of Section from P.A. 100-571’ section): “Filing an annual report of a limited liability company or foreign limited liability company, $75, if filed as required by this Act, plus a penalty if delinquent. Notwithstanding the foregoing, the fee for filing an annual report of a limited liability company or foreign limited liability company is $75 plus $50 for each series for which a certificate of designation has been filed pursuant to Section 37-40 of this Act and is in effect on the last day of the third month preceding the company’s anniversary month, plus a penalty if delinquent.”

      reply
  6. Tom April 10, 2018

    What is the procedure for filing for L3C status in Illinois and are the fees the same as for regular LLCs?

    reply
    • Matt Horwitz April 11, 2018

      Hi Tom, yes, the fees for an Illinois low-profit LLC (L3C) are the same as regular LLCs. So that’s $150 for the Articles of Organization and $75 per year for the Annual Report. The Illinois L3C should be filed on the same form as regular LLCs, Form LLC-5.5, however the L3C will need to have its respective designator, “L3C” (instead of “LLC”, “L.L.C.”, etc). Although Illinois LLCs can be filed online, the L3C should be filed by mail since the state does not allow online filings for LLCs which require optional provisions (which the L3C requires). On Form LLC-5.5, #5 (Purpose), you’ll need to state the purpose of the L3C which must comply with Section 1-26 of the Illinois Compiled Statutes. Then in #5 (Purpose) or in #7 (Optional), you’ll need to make the appropriate statements as spelled out in Section 1-26, (b)(1) and (b)(2). Hope that helps!

      reply
      • Tom April 11, 2018

        Hi Matt, this information is very helpful. Thank you for your prompt and detailed response.

        reply
        • Matt Horwitz April 11, 2018

          You’re welcome Tom. Best wishes!

          reply
  7. Manny April 26, 2018

    I want to form an LLC for my company but i see the name was previously used but involuntarily dissolved in 2004. Does this mean the LLC is now up for grabs or will i run into problems with the new LLC?

    reply
    • Matt Horwitz April 29, 2018

      Hi Manny, there is no guarantee of no future problems, however, from what you’ve shared, the name is available. I also recommend calling the Secretary of State to double-check on its availability.

      reply
  8. Katie Madock May 5, 2018

    My husband had an LLC about 10 years ago in IL that was dissolved after he built a townhome development. I just got a call from a Title company and they have a check (they were doing an audit). The LLC no longer exist, my husband is deceased. The title company says check must be made out to LLC. If not funds will be sent to State of IL.
    Is there anything I can do? Check is for $1400. Is it worth it or am I able to revive the LLC.
    Thank you in advance.

    reply
    • Matt Horwitz May 16, 2018

      Hi Katie, that’s a challenging question to answer. I’m not sure. I recommend calling the bank and seeing if you can assign the check to your personal name. If not, you’ll want to weigh the cost of an IL LLC Reinstatement against the $1,400. I recommend calling the Secretary of State to determine the total cost to reinstate the LLC. Hope that helps.

      reply
  9. Ty Hunt June 14, 2018

    Hi Matt:

    I had establised a LLC in the state of WI in 2012. It has been dissolved. I would like to have it reinstated but transferred to the state of IL. Must I reinstate first in WI and then have it transferred to IL? If not, what are the steps and associated costs?

    Thanks for this help!

    reply
    • Matt Horwitz June 18, 2018

      Hi Ty, curious why you want to reinstate the LLC and then redomesticate to Illinois? You can also just form a new LLC in Illinois, but I imagine you already know that. Yes, the incoming state will not accept an LLC that is not in good standing, let alone dissolved. We don’t cover redomestication instructions at this time, so you’ll need to call the Illinois Secretary of State to ask about the process. Hope that helps.

      reply
  10. carina June 17, 2018

    Hi Matt,
    I have an LLC I have no reports anything to file what do I do? I created the corp but did not use it. However, I am ready to begin using it now and i am applying for grants but my status is NGS. I feel as if paid $600 for nothing.

    reply
    • Matt Horwitz June 18, 2018

      Hi Carina, you’ll need to call the Illinois Secretary of State and find out which Annual Reports need to be filed in order to bring your LLC into good standing. Their phone number is listed on this page: Illinois LLC. Hope that helps.

      reply
  11. Mary June 19, 2018

    Hello,

    In September 27 2017 I applied for LLC and I paid 600$. Is it possible to apply for refund since it is 250$ now? Is yes, then how to do it?

    reply
    • Matt Horwitz June 20, 2018

      Hi Mary, unfortunately, no. You can’t get a refund since your Illinois LLC was formed before December 20th, 2017. Hope that helps.

      reply
  12. Pavan July 18, 2018

    Hi Matt,

    I am planning to start my own LLC. Could you please give me the snap shot of the process.

    Regards,
    Pavan.

    reply
  13. Jay July 27, 2018

    Hi Matt,

    I’m trying to register a foreign LLC (TN) to do business in IL. I’ve completed the LLC-45.5 and have a certificate of existence from TN. When I called the IL SOS about completing this process online I was told I’d have to mail it in and it would take 10-12 days to process or I could walk in if I wanted to expedite things. I’m in TN and really don’t want to have to fly up there just to do this but I need this turned around within a few days. Do you know of any services that I can pay to walk this application in the SOS office and have it processed for me?

    Thanks,

    Jay

    reply
    • Matt Horwitz August 14, 2018

      Hi Jay, we don’t have any specific recommendations, but you can search for courier services near the Illinois Secretary of State’s office. You can search “business filings courier services Springfield Illinois” (or something similar) and call a few courier services to make sure they are familiar with LLC filings at the Secretary of State’s office. Also check on their fees and turnaround time. Hope that helps.

      reply
  14. Mei August 23, 2018

    Hi Matt

    My niece is foreigner, she has been doing business with US clients. Now she needs a bank account to receive payments, Bank requests SSN or business license for opening account. but she doesn’t have both of them. I don’t think her business is big enough to apply for LLC here. Should she apply for ITIN first so she could get a bank account? When her business grow up, she then apply for LLC here?

    reply
  15. Marie September 1, 2018

    I know I’m late to the game, however, I have a question about legal zoom. I used Legal Zoom to create an LLC when I lived in California but I never registered it or used it. Now I’m living in Illinois can I register it with them?

    reply
    • Matt Horwitz October 12, 2018

      Hi Marie, FYI, it doesn’t make sense when you say that you formed an LLC, but didn’t “register” it. “Register” and “form” are often used synonymously in the context of LLC formation. While you can register your California LLC as a Foreign LLC in Illinois, it’s likely easier to dissolve your California LLC and then form a new LLC in Illinois (a Domestic LLC). Hope that helps.

      reply
  16. Randy January 30, 2019

    Hi Matt,

    Love all of the value you’re providing on this site. I have an LLC for an old, no longer in-use business, and missed filing my annual report in September. I read online that the LLC will automatically be dissolved after 180 days.

    There’s nothing of value for me in this old LLC. I have a new venture I want to start under a different name. Seems like it would be more expensive to pay the late-fee + annual report filling fee than to just start a new LLC.

    Is it okay to just let the old LLC dissolve after 180 days?

    reply
    • Matt Horwitz February 8, 2019

      Thanks Randy! You’re correct. It would cost $75 + $100 to file the annual report and pay the late fee. You can form a new LLC for $150. And yes, after 180 days, the Illinois Secretary of State will administratively dissolve the LLC.

      reply
  17. Adrian I Rodriguez February 10, 2019

    Hi Matt,

    Great info. I have a question regarding the business name for my llc. The name I am using is lengthy. I was planning on just going by an acronym. When I file my full business name or should I file the acronym? Will I be able to use the acronym on advertising and such if I file the llc under the full name? Thanks.

    reply
    • Matt Horwitz February 18, 2019

      Thanks Adrian. In this case, the proper steps would be to form an LLC under the full name and then file a DBA (called an Assumed Name) for the acronym. This way the LLC can do business under its full name in addition to the abbreviated name. Hope that helps.

      reply

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