LLC Changes and Closure
How to Dissolve an LLC in Illinois: Termination Guide
If you are asking how to dissolve an LLC in Illinois, the current domestic LLC filing to identify is the Statement of Termination, Form LLC 35.15. The Secretary of State lists a $5 ordinary filing fee. Older articles describing a different form name or a much higher standard dissolution fee can be misleading.
If you are asking how to dissolve an LLC in Illinois, the current domestic LLC filing to identify is the Statement of Termination, Form LLC 35.15. The Secretary of State lists a $5 ordinary filing fee. Older articles describing a different form name or a much higher standard dissolution fee can be misleading. Illinois LLC forms and fees.
Termination follows the appropriate dissolution decision and wind-up. It does not remove unpaid obligations merely because the state accepts a document. Confirm the company's status, owner approval and closing plan before filing.
How to dissolve an LLC in Illinois: separate the stages
| Stage | Evidence to prepare |
|---|---|
| Decision to close | Approval required by the operating agreement and law |
| Wind-up | Records of debts, assets, contracts and distributions |
| State termination | Accepted LLC 35.15 filing for a domestic LLC |
| Tax and account closure | Final returns and separate closure confirmations |
A foreign LLC withdrawing from Illinois uses a different filing, LLC 45.40, also listed with a $5 ordinary fee. Withdrawal ends the Illinois registration; it is not necessarily the end of the company in its formation jurisdiction. See the Illinois foreign registration guide.
Review contracts and member balances
List customer work still owed, refund commitments, payroll, leases, vendor bills and any guarantees. Identify who owns or is entitled to remaining assets before selling or distributing them.
Distinguish member loans from capital accounts. The owner contributions versus loans guide provides a useful recordkeeping framework. Do not assume that the person who contributed cash can take the entire remaining balance without considering creditors, the agreement and other members' rights.
If the business is insolvent or ownership is disputed, obtain professional legal help with the wind-up. A state form is not a settlement of those issues.
Prepare the current termination form
Download the form through the official Illinois publications list. Verify the legal name, file number, signer authority and the required statements about the company's position. Coordinate any effective-date choice with the instructions and completed wind-up.
Pay the listed fee and any separately selected expedited charge. Save the accepted filing rather than relying on the payment receipt alone. Check the resulting state record after processing.
Finish federal and Illinois tax work
Ask the preparer which returns must be marked final and which information returns still need filing. An LLC taxed as an S corporation has different tax forms from a disregarded LLC; see the Illinois S corporation guide if that classification applies.
Review payroll, sales-tax permits and other licenses separately. The IRS business-account closure guide explains why federal closure is not automatically handled by the Secretary of State.
Keep enough bank access to handle remaining payments, collections and refunds, then document the final closure. Preserve the owner approvals, accepted state filing and financial records with a contact address that will remain usable after the business website and subscriptions end.
Keep this checklist with your company records. If you are planning a new LLC alongside these decisions, contact PrimeRegister to discuss the formation paperwork and service scope.
