99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB0256

 

Introduced , by Rep. Joe Sosnowski

 

SYNOPSIS AS INTRODUCED:
 
805 ILCS 180/50-10

    Amends the Limited Liability Company Act. Reduces filing fees imposed upon limited liability companies by 50%. Effective immediately.


LRB099 03938 KTG 23955 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0256LRB099 03938 KTG 23955 b

1    AN ACT concerning limited liability companies.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Limited Liability Company Act is amended by
5changing Section 50-10 as follows:
 
6    (805 ILCS 180/50-10)
7    Sec. 50-10. Fees.
8    (a) The Secretary of State shall charge and collect in
9accordance with the provisions of this Act and rules
10promulgated under its authority all of the following:
11        (1) Fees for filing documents.
12        (2) Miscellaneous charges.
13        (3) Fees for the sale of lists of filings and for
14    copies of any documents.
15    (b) The Secretary of State shall charge and collect for all
16of the following:
17        (1) Filing articles of organization (domestic),
18    application for admission (foreign), and restated articles
19    of organization (domestic), $250 $500. Notwithstanding the
20    foregoing, the fee for filing articles of organization
21    (domestic), application for admission (foreign), and
22    restated articles of organization (domestic) in connection
23    with a limited liability company with ability to establish

 

 

HB0256- 2 -LRB099 03938 KTG 23955 b

1    series pursuant to Section 37-40 of this Act is $375 $750.
2        (2) Filing articles of amendment or an amended
3    application for admission, $75 $150.
4        (3) Filing articles of dissolution or application for
5    withdrawal, $50 $100.
6        (4) Filing an application to reserve a name, $150 $300.
7        (5) Filing a notice of cancellation of a reserved name,
8    $50 $100.
9        (6) Filing a notice of a transfer of a reserved name,
10    $50 $100.
11        (7) Registration of a name, $150 $300.
12        (8) Renewal of registration of a name, $50 $100.
13        (9) Filing an application for use of an assumed name
14    under Section 1-20 of this Act, $75 $150 for each year or
15    part thereof ending in 0 or 5, $60 $120 for each year or
16    part thereof ending in 1 or 6, $45 $90 for each year or
17    part thereof ending in 2 or 7, $30 $60 for each year or
18    part thereof ending in 3 or 8, $15 $30 for each year or
19    part thereof ending in 4 or 9, and a renewal for each
20    assumed name, $75 $150.
21        (10) Filing an application for change or cancellation
22    of an assumed name, $50 $100.
23        (11) Filing an annual report of a limited liability
24    company or foreign limited liability company, $125 $250, if
25    filed as required by this Act, plus a penalty if
26    delinquent. Notwithstanding the foregoing, the fee for

 

 

HB0256- 3 -LRB099 03938 KTG 23955 b

1    filing an annual report of a limited liability company or
2    foreign limited liability company with ability to
3    establish series is $125 $250 plus $25 $50 for each series
4    for which a certificate of designation has been filed
5    pursuant to Section 37-40 of this Act and active on the
6    last day of the third month preceding the company's
7    anniversary month, plus a penalty if delinquent.
8        (12) Filing an application for reinstatement of a
9    limited liability company or foreign limited liability
10    company $250 $500.
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.
14        (14) Filing an Agreement of Conversion or Statement of
15    Conversion, $50 $100.
16        (15) Filing a statement of change of address of
17    registered office or change of registered agent, or both,
18    or filing a statement of correction, $12.50 $25.
19        (16) Filing a petition for refund, $7.50 $15.
20        (17) Filing any other document, $50 $100.
21        (18) Filing a certificate of designation of a limited
22    liability company with the ability to establish series
23    pursuant to Section 37-40 of this Act, $25 $50.
24    (c) The Secretary of State shall charge and collect all of
25the following:
26        (1) For furnishing a copy or certified copy of any

 

 

HB0256- 4 -LRB099 03938 KTG 23955 b

1    document, instrument, or paper relating to a limited
2    liability company or foreign limited liability company, or
3    for a certificate, $12.50 $25.
4        (2) For the transfer of information by computer process
5    media to any purchaser, fees established by rule in an
6    amount that does not exceed 50% of the amount of the fee in
7    effect on January 1, 2016.
8(Source: P.A. 97-839, eff. 7-20-12.)
 
9    Section 99. Effective date. This Act takes effect upon
10becoming law.