Bill Text: IL SB2140 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the Limited Liability Company Act. Reduces various filing fees payable to the Secretary of State by 50%. Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced) 2023-04-17 - Added as Co-Sponsor Sen. Craig Wilcox [SB2140 Detail]
Download: Illinois-2023-SB2140-Introduced.html
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| 1 | AN ACT concerning business.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Limited Liability Company Act is amended by | |||||||||||||||||||
| 5 | changing Section 50-10 as follows:
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| 6 | (805 ILCS 180/50-10)
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| 7 | Sec. 50-10. Fees.
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| 8 | (a) The Secretary of State shall charge and collect in
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| 9 | accordance with the provisions of this Act and rules
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| 10 | promulgated under its authority all of the following:
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| 11 | (1) Fees for filing documents.
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| 12 | (2) Miscellaneous charges.
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| 13 | (3) Fees for copies
of any documents.
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| 14 | (b) The Secretary of State shall charge and collect for
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| 15 | all of the following:
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| 16 | (1) Filing articles of organization (domestic), | |||||||||||||||||||
| 17 | application for
admission (foreign), and restated articles | |||||||||||||||||||
| 18 | of
organization (domestic), $75 $150. Notwithstanding the | |||||||||||||||||||
| 19 | foregoing, the fee for filing articles of organization | |||||||||||||||||||
| 20 | (domestic), application for admission (foreign), and | |||||||||||||||||||
| 21 | restated articles of organization (domestic) in connection | |||||||||||||||||||
| 22 | with a limited liability company with a series or the | |||||||||||||||||||
| 23 | ability to establish a series pursuant to Section 37-40 of | |||||||||||||||||||
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| 1 | this Act is $200 $400.
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| 2 | (2) Filing amendments (domestic or foreign), $25 $50.
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| 3 | (3) Filing a statement of termination or
application
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| 4 | for withdrawal, $5.
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| 5 | (4) Filing an application to reserve a name, $25.
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| 6 | (5) Filing a notice of cancellation of a reserved | ||||||
| 7 | name, $5.
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| 8 | (6) Filing a notice of a transfer of a reserved
name, | ||||||
| 9 | $25.
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| 10 | (7) Registration of a name, $25 $50.
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| 11 | (8) Renewal of registration of a name, $25 $50.
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| 12 | (9) Filing an application for use of an assumed
name | ||||||
| 13 | under Section 1-20 of this Act, $75 $150 for each
year or | ||||||
| 14 | part thereof ending in 0 or 5, $60 $120 for each year or
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| 15 | part thereof ending in 1 or 6, $45 $90 for each year or | ||||||
| 16 | part thereof ending in 2 or
7, $30 $60 for each year or | ||||||
| 17 | part thereof ending in 3 or 8, $15 $30 for each year or
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| 18 | part thereof ending in 4 or 9, and a renewal for each | ||||||
| 19 | assumed name, $75 $150.
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| 20 | (9.5) Filing an application for change of an assumed | ||||||
| 21 | name, $12 $25. | ||||||
| 22 | (10) Filing an application for cancellation of an | ||||||
| 23 | assumed
name, $5.
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| 24 | (11) Filing an annual report of a limited liability
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| 25 | company or foreign limited liability company, $37 $75, if
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| 26 | filed as required by this Act, plus a penalty if
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| 1 | delinquent. Notwithstanding the foregoing, the fee for | ||||||
| 2 | filing an annual report of a limited liability company or | ||||||
| 3 | foreign limited liability company is $37 $75 plus $25 $50 | ||||||
| 4 | for each series for which a certificate of designation has | ||||||
| 5 | been filed pursuant to Section 37-40 of this Act and is in | ||||||
| 6 | effect on the last day of the third month preceding the | ||||||
| 7 | company's anniversary month, plus a penalty if delinquent.
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| 8 | (12) Filing an application for reinstatement of a
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| 9 | limited liability company or foreign limited liability
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| 10 | company, $100 $200.
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| 11 | (13) Filing articles of merger, $50 $100 plus $25 $50 | ||||||
| 12 | for each party to the
merger in excess of the first 2 | ||||||
| 13 | parties.
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| 14 | (14) (Blank).
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| 15 | (15) Filing a statement of change of address of | ||||||
| 16 | registered office or change of registered agent, or both, | ||||||
| 17 | or filing a statement of correction, $12 $25.
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| 18 | (16) Filing a petition for refund, $5.
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| 19 | (17) Filing a certificate of designation of a limited | ||||||
| 20 | liability company with a series pursuant to Section 37-40 | ||||||
| 21 | of this Act, $25 $50. | ||||||
| 22 | (18) (Blank). | ||||||
| 23 | (19) Filing, amending, or cancelling a statement of | ||||||
| 24 | authority, $25 $50. | ||||||
| 25 | (20) Filing, amending, or cancelling a statement of | ||||||
| 26 | denial, $5 $10. | ||||||
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| 1 | (21) Filing any other document, $5. | ||||||
| 2 | (22) For furnishing a copy or certified copy of any | ||||||
| 3 | document, instrument, or paper relating to a limited | ||||||
| 4 | liability company or foreign limited liability company, or | ||||||
| 5 | for a certificate, $12 $25.
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| 6 | (c) (Blank).
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| 7 | (Source: P.A. 101-81, eff. 7-12-19; 101-578, eff. 8-26-19; | ||||||
| 8 | 102-49, eff. 1-1-22.)
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| 9 | Section 99. Effective date. This Act takes effect upon | ||||||
| 10 | becoming law.
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