IL LLC-50.1 2012 free printable template

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Print Form LLC-50. 1 Illinois Limited Liability Company Act May 2012 Save FILE File prior to Annual Report Secretary of State Department of Business Services 501 S. Second St. Rm. 351 Springfield IL 62756 217-524-8008 www. cyberdriveillinois. com Reset This space for use by Secretary of State. Type or Print Clearly. Filing Fee 250 Series Fee if required Penalty Total Approved Payment may be made by check payable to Secretary of State. If check is returned for any reason this filing will be...

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IL LLC-50.1 Form Versions

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IL LLC-50.1 2018

4.8 Satisfied (35 Votes)

IL LLC-50.1 2012

4.1 Satisfied (50 Votes)

IL LLC-50.1 2011

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How to fill out IL LLC-501

How to fill out IL LLC-50.1

01

Start by downloading the IL LLC-50.1 form from the Illinois Secretary of State's website.

02

Fill out the name of the Limited Liability Company (LLC) at the top of the form.

03

Provide the date of the LLC's formation or authorization to transact business in Illinois.

04

Specify the registered agent's name and address for service of process.

05

Indicate whether the LLC is managed by members or managers.

06

Complete the section regarding the purpose of the LLC.

07

Include the duration of the LLC, if it is not intended to be perpetual.

08

Sign and date the form where indicated by an authorized representative of the LLC.

09

Double-check all information for accuracy and completeness.

10

Submit the form with the required filing fee to the Illinois Secretary of State.

Who needs IL LLC-50.1?

01

Any LLC in Illinois that is making a change to its Articles of Organization, such as an address change or a change in registration details.

02

Entities that are required to file this form include newly formed LLCs and existing LLCs that need to update their records or provide additional information.

Instructions and Help about IL LLC-501

Your state will require you to file an annual report in order to keep your LLC in compliance, your contact information updated, and your LLC in good standing. Fees and due dates vary by the state. Once your LLC is formed, paperwork with the state is not over. As a part of the ongoing requirements for your LLC, your state requires that you file an annual report and pay a filing fee. The annual report can take many names, such as the annual report, annual statement, statement of information, periodic report, biennial statement, decennial report, and many more, and not all annual reports are annual. Some may be required to file every year, some every two years, and some may be lucky enough to only have to file every ten years. It just depends on your state and their requirements. Since most states refer to the report as the 'annual report,' we'll do so as well, just for simplicity. The purpose of the annual report is to keep your LLC in compliance and in good standing. Additionally, it keeps the state updated with your LLC's contact information. If you fail to file your annual report, the state will automatically dissolve or shut down your LLC. Your annual report will include your LLC name, your office address, your registered agent information, and an LLC number from your Secretary of State. The LLC number is just a number that your state uses to reference and identify your LLC. How do you file and pay your annual report? Generally, there are two ways you can file your annual report with your state: You can file it by mail, or you can file it online. If you file by mail, you will fill out your annual report on your computer, or fill it out by hand. Next, you'll make a copy for your business records, and then mail the original to the state, along with a check or money order to pay the filing fee. If you file online, you'll prepare and submit your annual report on the state's website and pay the filing fee with a debit or credit card. Regardless of what option you choose, it's important that you file your annual report on time. Most states will send you a reminder to pay and file your annual report prior to the deadline, but not all of them do that. For this reason, we recommend that you keep a repeating reminder on your calendar. What are the consequences for not filing your annual report? If you don't file your annual report on time, the state will charge you a late fee. If you continue to ignore this requirement, the state will automatically dissolve and shut down your LLC. Some states are stricter than others, so it's best not to push your luck here. Where do you get your annual report? If you have formed an LLC, but are not sure how to get your annual report from the state, you can visit your state's website and contact them for guidance. The links to the various states' websites can be found on our website. If you hired a company to form your LLC, then you need to verify whether they will file it on your behalf, and charge you to do so, or if...

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What is IL LLC-50.1?

IL LLC-50.1 is a form used by Limited Liability Companies (LLCs) in Illinois to report information about their structure and operations to the Illinois Secretary of State.

Who is required to file IL LLC-50.1?

All Limited Liability Companies (LLCs) registered in Illinois are required to file IL LLC-50.1 to maintain their good standing and comply with state regulations.

How to fill out IL LLC-50.1?

To fill out IL LLC-50.1, you need to provide details such as the LLC's name, address, the names of its members or managers, and any other required information as specified on the form.

What is the purpose of IL LLC-50.1?

The purpose of IL LLC-50.1 is to ensure the state has up-to-date records of LLCs operating within Illinois, enabling them to assess compliance with state laws and regulations.

What information must be reported on IL LLC-50.1?

The information that must be reported on IL LLC-50.1 includes the LLC's name, address, the names and addresses of its members or managers, and details about any changes from the previous filing.

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