Bill Text: IL HB0256 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Limited Liability Company Act. Reduces filing fees imposed upon limited liability companies by 50%. Effective immediately.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Introduced - Dead) 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB0256 Detail]
Download: Illinois-2015-HB0256-Introduced.html
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
1 | AN ACT concerning limited liability companies.
| ||||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois,
| ||||||||||||||||||||||||
3 | represented in the General Assembly:
| ||||||||||||||||||||||||
4 | Section 5. The Limited Liability Company Act is amended by | ||||||||||||||||||||||||
5 | changing 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
| ||||||||||||||||||||||||
9 | accordance with the provisions of this Act and rules
| ||||||||||||||||||||||||
10 | promulgated 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 | ||||||||||||||||||||||||
16 | of 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 |
| |||||||
| |||||||
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 |
| |||||||
| |||||||
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 | ||||||
25 | the following:
| ||||||
26 | (1) For furnishing a copy or certified copy of any
|
| |||||||
| |||||||
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 | ||||||
10 | becoming law.
|