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| Public Act 096-0679 |
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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 | ||||
adding Section 1-26 as follows: | ||||
(805 ILCS 180/1-26 new) | ||||
Sec. 1-26. Certificate of Registration; Department of | ||||
Financial and Professional Regulation. This Section applies | ||||
only to a limited liability company that intends to provide, or | ||||
does provide, professional services that require the | ||||
individuals engaged in the profession to be licensed by the | ||||
Department of Financial and Professional Regulation. A limited | ||||
liability company covered by this Section shall not open, | ||||
operate, or maintain an establishment for any of the purposes | ||||
for which a limited liability company may be organized under | ||||
this Act without obtaining a certificate of registration from | ||||
the Department. | ||||
Application for such registration shall be made in writing | ||||
and shall contain the name and address of the limited liability | ||||
company and such other information as may be required by the | ||||
Department. Upon receipt of such application, the Department | ||||
shall make an investigation of the limited liability company. | ||||
If the Department finds that the organizers, managers, and | ||||
members are each licensed pursuant to the laws of Illinois to | ||
engage in the particular profession or related professions | ||
involved (except that an initial organizer may be a licensed | ||
attorney) and if no disciplinary action is pending before the | ||
Department against any of them and if it appears that the | ||
limited liability company will be conducted in compliance with | ||
the law and the rules and regulations of the Department, the | ||
Department shall issue, upon payment of a registration fee of | ||
$50, a certificate of registration. | ||
Upon written application of the holder, the Department | ||
shall renew the certificate if it finds that the limited | ||
liability company has complied with its regulations and the | ||
provisions of this Act and the applicable licensing Act. This | ||
fee for the renewal of a certificate of registration shall be | ||
calculated at the rate of $40 per year.
The certificate of | ||
registration shall be conspicuously posted upon the premises to | ||
which it is applicable, and the limited liability company shall | ||
have only those offices which are designated by street address | ||
in the articles of organization, or as changed by amendment of | ||
such articles. A certificate of registration shall not be | ||
assignable.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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