Bill > SB2650

This bill amends three different Illinois corporate laws (the Business Corporation Act, the General Not For Profit Corporation Act, and the Limited Liability Company Act) to provide a new option for corporations and companies regarding their registered office and principal place of business. Specifically, the bill allows a corporation or limited liability company to use its registered office as its principal office, but only if certain conditions are met. These conditions include: (1) the registered agent must maintain a secure record of the names and residential addresses of all board members and officers, either at the registered office or in another secure location; (2) the registered agent must agree to share this information with the Secretary of State if requested in writing; and (3) the registered agent must enter into a written agreement with the corporation or company to comply with these requirements. This change provides more flexibility for businesses in how they structure their official addresses and record-keeping, while still ensuring that important contact information remains accessible to state authorities. The bill applies uniformly across different types of business entities, creating a consistent standard for registered offices and agent responsibilities.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2650&GAID=18&DocTypeID=SB&SessionID=114&GA=104