Each corporation registered in Illinois must file an annual report with the Secretary of State by the final day of the month before the corporation's anniversary of its establishment. For instance, a corporation that was founded in May would need to file its annual report by the last day of April each year. Charitable organizations that hold or solicit money in the state also must file an annual report with the Illinois Attorney General by six months after the end of the fiscal year.
Fees and filings
To be considered on time, annual reports must be filed along with the required fees. As of 2014, fees for corporations are $75 plus an additional franchise tax. The franchise tax, which is a minimum of $25, is based on a corporation's capital. Nonprofit corporations pay a $10 fee. An annual report must be filed by an officer of the corporation. Illinois offers both paper and electronic filings, though some corporations cannot use the electronic option, such as those which own property outside the state or conduct business outside the state.