Sen. William R. Haine
Filed: 4/22/2009
 
 

 




 

 		












09600HB2335sam001

LRB096 03908 ASK 24853 a






1

AMENDMENT TO HOUSE BILL 2335 




2
    AMENDMENT NO. ______. Amend House Bill 2335 by replacing 
3
everything after the enacting clause with the following:

 
4
    "Section 5. The Limited Liability Company Act is amended  by 
5
adding Section 1-26 as follows:
 
6
    (805 ILCS 180/1-26  new)
7
    Sec. 1-26. Certificate of Registration; Department of 
8
Financial and Professional Regulation. A limited liability 
9
company shall not open, operate, or maintain an establishment 
10
for any of the purposes for which a limited liability company 
11
may be organized under this Act without a certificate of 
12
registration from the Department of Financial and Professional 
13
Regulation authorized by law to license individuals to engage 
14
in the profession or related professions concerned, for the 
15
professions as provided in paragraphs (3) and (4) of Section 
16
1-25 or in any licensing Act administered by the Department in 
 


 






09600HB2335sam001
- 2 -
LRB096 03908 ASK 24853 a




1
which any licensee intending to organize as a limited liability 
2
company may incorporate as a professional corporation.
3
    Application for such registration shall be made in writing 
4
and shall contain the name and address of the limited liability 
5
company and such other information as may be required by the 
6
Department. Upon receipt of such application, the Department 
7
shall make an investigation of the limited liability company. 
8
If the Department finds that the organizers, managers, and 
9
members are each licensed pursuant to the laws of Illinois to 
10
engage in the particular profession or related professions 
11
involved (except that an initial organizer may be a licensed 
12
attorney) and if no disciplinary action is pending before the 
13
Department against any of them and if it appears that the 
14
limited liability company will be conducted in compliance with 
15
the law and the rules and regulations of the Department, the 
16
Department shall issue, upon payment of a registration fee of 
17
$50, a certificate of registration.
18
    Upon written application of the holder, the Department 
19
shall renew the certificate if it finds that the limited 
20
liability company has complied with its regulations and the 
21
provisions of this Act and the applicable licensing Act. This 
22
fee for the renewal of a certificate of registration shall be 
23
calculated at the rate of $40 per year.


The certificate of 
24
registration shall be conspicuously posted upon the premises to 
25
which it is applicable, and the limited liability company shall 
26
have only those offices which are designated by street address 
 


 






09600HB2335sam001
- 3 -
LRB096 03908 ASK 24853 a




1
in the articles of organization, or as changed by amendment of 
2
such articles. A certificate of registration shall not be 
3
assignable.
 

4
    Section 99. Effective date. This Act takes effect upon 
5
becoming law.".