Bill Title: Amends the Professional Service Corporation Act. Provides that the certificate of registration shall expire on January 1, 2019, and on January 1 of every third year thereafter, for any professional service corporation that renders services that are regulated by the Department of Financial and Professional Regulation. Establishes a renewal fee of $40 for a certificate of registration issued by the Department. Makes similar changes to the Medical Corporation Act. Amends the Limited Liability Company Act. Defines "professional limited liability company". Removes provisions prohibiting a limited liability company from rendering certain professional services, and instead provides that a limited liability company that intends to provide a professional service licensed by the Department of Financial and Professional Regulation must be formed in compliance with the Professional Limited Liability Company Act. Amends the Professional Limited Liability Company Act. Defines "license". Provides that one or more individuals may organize a professional limited liability company by filing articles of organization with the Secretary of State on forms furnished by the Secretary. Sets forth certain requirements the articles of organization must satisfy. Provides that the company name of a professional limited liability company must contain the terms "professional limited liability company", "P.L.L.C.", or "PLLC". Lists the professional services a professional limited liability company may render, with certain exceptions. Provides that a professional limited liability company's certificate of registration shall expire on January 1, 2019 and on January 1 of every third year thereafter; and that the renewal fee for a certificate of registration shall be $40 (rather than calculated at the rate of $40 per year). Effective immediately.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Passed) 2018-08-14 - Public Act . . . . . . . . . 100-0894 [SB3398 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2018-08-15	HTML/Text	Link	View
Enrolled	2018-05-25	HTML/Text	Link	View
Engrossed	2018-04-26	HTML/Text	Link	View
Introduced	2018-02-16	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 001	2018-04-19	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3398 currently on file.

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