HB4976 Engrossed

LRB096 17835 DRJ 33203 b





  
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    AN ACT concerning business.
  
 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:
  
 
 
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    Section 5. The Limited Liability Company Act is amended  by 
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changing Section 1-28 as follows:
 
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    (805 ILCS 180/1-28)
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    Sec. 1-28 1-26. Certificate of Registration; Department of 
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Financial and Professional Regulation. This Section applies 
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only to a limited liability company that intends to provide, or 
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does provide, professional services that require the 
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individuals engaged in the profession to be licensed by the 
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Department of Financial and Professional Regulation. A limited 
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liability company covered by this Section shall not open, 
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operate, or maintain an establishment for any of the purposes 
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for which a limited liability company may be organized under 
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this Act without obtaining a certificate of registration from 
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the Department.
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    Application for such registration shall be made in writing 
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and shall contain the name and address of the limited liability 
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company and such other information as may be required by the 
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Department. Upon receipt of such application, the Department 
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shall make an investigation of the limited liability company. 
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If the Department finds that the organizers, managers, and 
 


 






HB4976 Engrossed
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LRB096 17835 DRJ 33203 b




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members are each licensed pursuant to the laws of Illinois to 
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engage in the particular profession or related professions 
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involved (except that an initial organizer may be a licensed 
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attorney) and if no disciplinary action is pending before the 
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Department against any of them and if it appears that the 
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limited liability company will be conducted in compliance with 
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the law and the rules and regulations of the Department, the 
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Department shall issue, upon payment of a registration fee of 
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$50, a certificate of registration.
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    Upon written application of the holder, the Department 
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shall renew the certificate if it finds that the limited 
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liability company has complied with its regulations and the 
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provisions of this Act and the applicable licensing Act. This 
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fee for the renewal of a certificate of registration shall be 
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calculated at the rate of $40 per year.


The certificate of 
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registration shall be conspicuously posted upon the premises to 
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which it is applicable, and the limited liability company shall 
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have only those offices which are designated by street address 
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in the articles of organization, or as changed by amendment of 
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such articles. A certificate of registration shall not be 
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assignable.
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    All fees collected under this Section shall be deposited 
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into the General Professions Dedicated Fund. 

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(Source: P.A. 96-679, eff. 8-25-09; revised 10-16-09.)