SB2140 103RD GENERAL ASSEMBLY

LRB103 30695 SPS 57168 b

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.

A BILL FOR

AN ACT concerning business.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Limited Liability Company Act is amended by changing Section 50-10 as follows:

(805 ILCS 180/50-10)

Sec. 50-10. Fees.

(a) The Secretary of State shall charge and collect in accordance with the provisions of this Act and rules promulgated under its authority all of the following:

(1) Fees for filing documents.

(2) Miscellaneous charges.

(3) Fees for copies of any documents.

(b) The Secretary of State shall charge and collect for all of the following:

(1) Filing articles of organization (domestic), application for admission (foreign), and restated articles of organization (domestic), $75 $150. Notwithstanding the foregoing, the fee for filing articles of organization (domestic), application for admission (foreign), and restated articles of organization (domestic) in connection with a limited liability company with a series or the ability to establish a series pursuant to Section 37-40 of this Act is $200 $400.

(2) Filing amendments (domestic or foreign), $25 $50.

(3) Filing a statement of termination or application for withdrawal, $5.

(4) Filing an application to reserve a name, $25.

(5) Filing a notice of cancellation of a reserved name, $5.

(6) Filing a notice of a transfer of a reserved name, $25.

(7) Registration of a name, $25 $50.

(8) Renewal of registration of a name, $25 $50.

(9) Filing an application for use of an assumed name under Section 1-20 of this Act, $75 $150 for each year or part thereof ending in 0 or 5, $60 $120 for each year or part thereof ending in 1 or 6, $45 $90 for each year or part thereof ending in 2 or 7, $30 $60 for each year or part thereof ending in 3 or 8, $15 $30 for each year or part thereof ending in 4 or 9, and a renewal for each assumed name, $75 $150.

(9.5) Filing an application for change of an assumed name, $12 $25.

(10) Filing an application for cancellation of an assumed name, $5.

(11) Filing an annual report of a limited liability company or foreign limited liability company, $37 $75, if filed as required by this Act, plus a penalty if delinquent. Notwithstanding the foregoing, the fee for filing an annual report of a limited liability company or foreign limited liability company is $37 $75 plus $25 $50 for each series for which a certificate of designation has been filed pursuant to Section 37-40 of this Act and is in effect on the last day of the third month preceding the company's anniversary month, plus a penalty if delinquent.

(12) Filing an application for reinstatement of a limited liability company or foreign limited liability company, $100 $200.

(13) Filing articles of merger, $50 $100 plus $25 $50 for each party to the merger in excess of the first 2 parties.

(14) (Blank).

(15) Filing a statement of change of address of registered office or change of registered agent, or both, or filing a statement of correction, $12 $25.

(16) Filing a petition for refund, $5.

(17) Filing a certificate of designation of a limited liability company with a series pursuant to Section 37-40 of this Act, $25 $50.

(18) (Blank).

(19) Filing, amending, or cancelling a statement of authority, $25 $50.

(20) Filing, amending, or cancelling a statement of denial, $5 $10.

(21) Filing any other document, $5.

(22) For furnishing a copy or certified copy of any document, instrument, or paper relating to a limited liability company or foreign limited liability company, or for a certificate, $12 $25.

(c) (Blank).

(Source: P.A. 101-81, eff. 7-12-19; 101-578, eff. 8-26-19; 102-49, eff. 1-1-22.)

Section 99. Effective date. This Act takes effect upon becoming law.