Full Text of HB4246 98th General Assembly
HB4246 98TH GENERAL ASSEMBLY |
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014 HB4246 Introduced , by Rep. Dwight Kay SYNOPSIS AS INTRODUCED: |
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Amends the Limited Liability Company Act. Reduces filing fees imposed upon limited liability companies by 50%. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| 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 |
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| 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 |
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| 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
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| 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, 2014 .
| 8 | | (Source: P.A. 97-839, eff. 7-20-12.)
| 9 | | Section 99. Effective date. This Act takes effect upon | 10 | | becoming law.
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