103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2140

 

Introduced 2/10/2023, by Sen. Andrew S. Chesney

 

SYNOPSIS AS INTRODUCED:
 
805 ILCS 180/50-10

    Amends the Limited Liability Company Act. Reduces various filing fees payable to the Secretary of State by 50%. Effective immediately.


LRB103 30695 SPS 57168 b

 

 

A BILL FOR

 

SB2140LRB103 30695 SPS 57168 b

1    AN ACT concerning business.
 
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 copies of any documents.
14    (b) The Secretary of State shall charge and collect for
15all of the following:
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.
2        (2) Filing amendments (domestic or foreign), $25 $50.
3        (3) Filing a statement of termination or application
4    for withdrawal, $5.
5        (4) Filing an application to reserve a name, $25.
6        (5) Filing a notice of cancellation of a reserved
7    name, $5.
8        (6) Filing a notice of a transfer of a reserved name,
9    $25.
10        (7) Registration of a name, $25 $50.
11        (8) Renewal of registration of a name, $25 $50.
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
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
18    part thereof ending in 4 or 9, and a renewal for each
19    assumed name, $75 $150.
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.
24        (11) Filing an annual report of a limited liability
25    company or foreign limited liability company, $37 $75, if
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.
8        (12) Filing an application for reinstatement of a
9    limited liability company or foreign limited liability
10    company, $100 $200.
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) (Blank).
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.
18        (16) Filing a petition for refund, $5.
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.
6    (c) (Blank).
7(Source: P.A. 101-81, eff. 7-12-19; 101-578, eff. 8-26-19;
8102-49, eff. 1-1-22.)
 
9    Section 99. Effective date. This Act takes effect upon
10becoming law.