Bill > SB1549

This bill amends the Limited Liability Company Act to reduce various filing fees payable to the Secretary of State by 50%. Specifically, the bill lowers fees for key administrative actions related to limited liability companies (LLCs), such as filing articles of organization (from $150 to $75), filing amendments (from $50 to $25), registering and renewing a name (from $50 to $25), filing an annual report (from $75 to $37), and filing an application for reinstatement (from $200 to $100). The fee reductions apply to a wide range of LLC-related documents and transactions, including applications for assumed names, change of address, statements of authority, and obtaining certified copies of documents. The bill also maintains the existing fee structure for additional series within a limited liability company, simply reducing those fees proportionally. These changes aim to reduce the financial burden on LLC owners and potentially encourage business formation and maintenance by making administrative processes more affordable.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1549&GAID=18&DocTypeID=SB&SessionID=114&GA=104