Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(805 ILCS 10/3.4)
(from Ch. 32, par. 415-3.4)
"Professional Corporation" means:
(1) a corporation organized under this Act;
(2) an entity converted under the Entity Omnibus Act
to a corporation governed by this Act; or
(3) a foreign corporation domesticated under the
Entity Omnibus Act and governed by this Act;
that is organized solely for the purpose of rendering one category of professional service or
related professional services and which has as its shareholders, directors,
and employees (other than ancillary personnel) only
individuals who are duly licensed by this State or by the United States
Patent Office or the Internal Revenue Service of the United States Treasury
Department to render that particular category of professional service or
related professional services (except that the secretary of the corporation
need not be so licensed), except that the registered agent of the corporation
need not be licensed in such case where the registered agent is not a
shareholder, director, officer or employee (other than ancillary
(b) A Professional Corporation may, for purposes of dissolution, have as
its shareholders, directors, officers, agents and employees individuals who
are not licensed by this State, provided that the corporation does not
render any professional services nor hold itself out as capable of or
available to render any professional services during the period of dissolution.
The regulating authority shall not issue or renew any certificate of
authority to a Professional Corporation during the period of dissolution.
A copy of the certificate of dissolution, as issued by the Secretary of
State, shall be delivered to the regulating authority within 30 days of its
receipt by the incorporators.
(Source: P.A. 100-561, eff. 7-1-18