US state
Closing a business in Illinois with employees
Final compensation of a separated employee is paid in full at the time of separation, if possible, but no later than the next regularly scheduled payday. Illinois requires 60 days' written notice before the order takes effect. A limited liability company files a Statement of Termination for $5. Illinois is not the same final-pay rule as New York.
| Fact | Detail |
|---|---|
| Final pay on termination | Final compensation of a separated employee is paid in full at the time of separation, if possible, but no later than the next regularly scheduled payday. Illinois General Assembly |
| Final pay on resignation | Final compensation of a separated employee is paid in full at the time of separation, if possible, but no later than the next regularly scheduled payday. Illinois General Assembly |
| Accrued vacation | Unless a collective bargaining agreement provides otherwise, the monetary equivalent of earned vacation under a contract or employment policy is paid as final compensation at the final rate, and the contract or policy may not forfeit earned vacation on separation. Illinois General Assembly |
| State WARN | An employer may not order a mass layoff, relocation, or employment loss unless, 60 days before the order takes effect, the employer gives written notice. Illinois General Assembly |
| Dissolution form | Statement of Termination Illinois Secretary of State |
| Filing fee | $5 Illinois Secretary of State |
| Franchise or annual report | A domestic corporation annual report is $75. Illinois Secretary of State |
How to wind down a company in Illinois: filing, fee and approvals
Illinois Secretary of State lists Statement of Termination at $5 in Limited liability company forms and fees. File form LLC 35.15 with the Secretary of State. Checks are payable to the Illinois Secretary of State.
Illinois Secretary of State lists Articles of Dissolution at $5 in Domestic and foreign corporation forms and fees. File form BCA 12.20 with the Secretary of State. Checks are payable to the Illinois Secretary of State.
A domestic corporation annual report is $75.
A limited liability company annual report is $75. If a certificate of designation is in effect for a series, the fee adds $50 for each series, and a delinquent report adds a penalty.
Dissolution filing in Illinois
| Item | What the filing office states |
|---|---|
| LLC form | Statement of Termination |
| LLC fee | $5 |
| LLC how to file | File form LLC 35.15 with the Secretary of State. Checks are payable to the Illinois Secretary of State. |
| Corporation form | Articles of Dissolution |
| Corporation fee | $5 |
| Corporation how to file | File form BCA 12.20 with the Secretary of State. Checks are payable to the Illinois Secretary of State. |
File form LLC 35.15 with the Secretary of State. Checks are payable to the Illinois Secretary of State. File form BCA 12.20 with the Secretary of State. Checks are payable to the Illinois Secretary of State. Illinois Secretary of State states that rule in Limited liability company forms and fees.
Tax clearance in Illinois
A domestic corporation annual report is $75.
Illinois Secretary of State states that rule in Domestic and foreign corporation forms and fees.
Illinois Secretary of State puts $75 on Domestic and foreign corporation forms and fees.
A limited liability company annual report is $75. If a certificate of designation is in effect for a series, the fee adds $50 for each series, and a delinquent report adds a penalty.
Statement of Termination is $5.
Articles of Dissolution is $5.
Employees in Illinois: final pay and layoff notice
Final compensation of a separated employee is paid in full at the time of separation, if possible, but no later than the next regularly scheduled payday.
Resignation in Illinois uses that same wage timing.
Unless a collective bargaining agreement provides otherwise, the monetary equivalent of earned vacation under a contract or employment policy is paid as final compensation at the final rate, and the contract or policy may not forfeit earned vacation on separation.
An employer may not order a mass layoff, relocation, or employment loss unless, 60 days before the order takes effect, the employer gives written notice.
Coverage is 75 or more employees, excluding part-time employees, or 75 or more employees who in the aggregate work at least 4,000 hours per week, exclusive of overtime.
The notice period is 60 days.
Federal WARN, when it applies, uses 60 days' notice and an employer-size threshold of 100. The rest of the test is on the U.S. Government Publishing Office page.
Federal periods for keeping tax records are in how to wind down a company.
Compare final paycheck and WARN rules by state when you have staff in more than one state.
Read closing a business in New York with employees. Read final pay in Texas. Read Massachusetts dissolution fee.
Read how to tell employees the company is closing before the meeting.
Run a WARN check for a Illinois employer against your headcount.
Build a closing checklist for Illinois from the same rules.
See when canceled tools delete company records before you turn a tool off.
Read what each tool deletes when you stop paying for the vendor clocks.
After dissolution in Illinois
A domestic corporation annual report is $75.
A limited liability company annual report is $75. If a certificate of designation is in effect for a series, the fee adds $50 for each series, and a delinquent report adds a penalty.
Illinois Secretary of State states that rule in Domestic and foreign corporation forms and fees.
Illinois Secretary of State puts $75 on Domestic and foreign corporation forms and fees.
Illinois General Assembly states that rule in 805 ILCS 180/50-10.
How Illinois compares with New York, Texas and Massachusetts
A dash (—) is an empty cell. It is not a finding that no rule exists.
| State | Final pay on termination | State WARN notice | Dissolution fee |
|---|---|---|---|
| Illinois | Final compensation of a separated employee is paid in full at the time of separation, if possible, but no later than the next regularly scheduled payday. | 60 days, 75 or more employees, excluding part-time employees, or 75 or more employees who in the aggregate work at least 4,000 hours per week, exclusive of overtime | LLC $5 |
| New York | If employment is terminated, the employer shall pay the wages not later than the regular pay day for the pay period during which the termination occurred. If the employee requests it, those wages shall be paid by mail. | 90 days, 50 or more employees, excluding part-time employees, or 50 or more employees who work at least 2,000 hours per week in the aggregate | LLC $60 |
| Texas | An employer shall pay in full an employee who is discharged from employment not later than the sixth day after the date the employee is discharged. | No state notice statute confirmed | LLC $40 |
| Massachusetts | An employee discharged from employment shall be paid in full on the day of discharge. | No state notice statute confirmed | LLC $100 |
Illinois state notice is 60 days. New York state notice is 90 days.
Illinois: An employer may not order a mass layoff,. Texas: Texas statutes do not require an employer to.
Illinois: An employer may not order a mass layoff,. Massachusetts: An employer closing a facility must promptly report.
Statement of Termination is $5 in Illinois. Articles of Dissolution is $60 in New York.
General information only. This is not legal, tax or financial advice.
Related
- Wind-down rules by US state
Final paycheck deadlines, state WARN notice, and dissolution fees for 51 US jurisdictions.
- Winding down
Order of operations to wind down a company, from approval through taxes and dissolution.
- Indiana
Final pay, state WARN, and the dissolution fee for Indiana.
- Iowa
Final pay, state WARN, and the dissolution fee for Iowa.
- Kansas
Final pay, state WARN, and the dissolution fee for Kansas.
- New York
Final pay, state WARN, and the dissolution fee for New York.
- Texas
Final pay, state WARN, and the dissolution fee for Texas.
- Massachusetts
Final pay, state WARN, and the dissolution fee for Massachusetts.
Questions about closing a business in Illinois
How fast must a final paycheck be paid in Illinois after a layoff?
Final compensation of a separated employee is paid in full at the time of separation, if possible, but no later than the next regularly scheduled payday. A LLC files Statement of Termination for $5. Illinois is read beside New York, not as a copy of that neighbour. The labor department host is labor.illinois.gov.
Does Illinois have its own WARN Act?
An employer may not order a mass layoff, relocation, or employment loss unless, 60 days before the order takes effect, the employer gives written notice. Illinois General Assembly states that rule in 820 ILCS 65, sections 5 and 10. A LLC files Statement of Termination for $5. Illinois is read beside New York, not as a copy of that neighbour. The labor department host is labor.illinois.gov.
What is the Illinois filing fee for articles of dissolution?
Illinois Secretary of State lists Articles of Dissolution for a Illinois corporation. The filing fee is $5. Domestic and foreign corporation forms and fees is the schedule that states $5. File form BCA 12.20 with the Secretary of State. Checks are payable to the Illinois Secretary of State. A LLC files Statement of Termination for $5. Illinois is read beside New York, not as a copy of that neighbour. The labor department host is labor.illinois.gov.
What annual report or franchise tax still applies when a Illinois company dissolves?
A domestic corporation annual report is $75. Read that note beside the dissolution fee, not instead of it. Ask your lawyer which report is still due for the entity you are closing in Illinois. Do not treat the note as legal advice for your payroll.
Sources
- Illinois General Assembly. 820 ILCS 115/5. Checked 2026-11-04
- Illinois General Assembly. 820 ILCS 65, sections 5 and 10. Checked 2026-11-04
- Illinois Secretary of State. Limited liability company forms and fees. Checked 2026-11-04
- Illinois Secretary of State. Domestic and foreign corporation forms and fees. Checked 2026-11-04
- Illinois General Assembly. 805 ILCS 180/50-10. Checked 2026-11-04