Bill Text: IL HB1604 | 2025-2026 | 104th General Assembly | Introduced

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Bill Title: Amends the Limited Liability Company Act. Provides that, for the 5 years immediately following the formation of a limited liability company, if that limited liability company has a gross annual revenue of less than $1,000,000, the fee for filing an annual report shall be waived for that year.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-28 - Referred to Rules Committee [HB1604 Detail]

Download: Illinois-2025-HB1604-Introduced.html

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104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1604 Introduced , by Rep. Suzanne M. Ness SYNOPSIS AS INTRODUCED:
805 ILCS 180/50-10
Amends the Limited Liability Company Act. Provides that, for the 5 years immediately following the formation of a limited liability company, if that limited liability company has a gross annual revenue of less than $1,000,000, the fee for filing an annual report shall be waived for that year.
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A BILL FOR
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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), $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

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this Act is $400.
(2) Filing amendments (domestic or foreign), $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, $50.
(8) Renewal of registration of a name, $50.
(9) Filing an application for use of an assumed name
under Section 1-20 of this Act, $150 for each year or part
thereof ending in 0 or 5, $120 for each year or part
thereof ending in 1 or 6, $90 for each year or part thereof
ending in 2 or 7, $60 for each year or part thereof ending
in 3 or 8, $30 for each year or part thereof ending in 4 or
9, and a renewal for each assumed name, $150.
(9.5) Filing an application for change of an assumed
name, $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, $75, if
filed as required by this Act, plus a penalty if
delinquent. Notwithstanding the foregoing, the fee for

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filing an annual report of a limited liability company or
foreign limited liability company is $75 plus $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.
For each of the 5 years immediately following the
formation of a limited liability company, if that limited
liability company has a gross annual revenue of less than
$1,000,000, the fee for filing an annual report shall be
waived for that year.
(12) Filing an application for reinstatement of a
limited liability company or foreign limited liability
company, $200.
(13) Filing articles of merger, $100 plus $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, $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, $50.
(18) (Blank).
(19) Filing, amending, or cancelling a statement of

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