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Bill > SB3709


IL SB3709

IL SB3709
LLC-REDUCE FILING FEES


summary

Introduced
02/05/2026
In Committee
02/05/2026
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the Limited Liability Company Act. Reduces various filing fees payable to the Secretary of State by 50%. Effective immediately.

AI Summary

This bill, titled "LLC-REDUCE FILING FEES," amends the Limited Liability Company Act by reducing various filing fees charged by the Secretary of State by 50%, meaning most fees will be cut in half. For example, the fee to file articles of organization, which are the initial documents to create a limited liability company (LLC), will be reduced from $150 to $75, and for LLCs with a series structure, the fee will drop from $400 to $200. Similarly, fees for filing amendments, registering names, filing annual reports, and obtaining copies of documents will all be halved. This change is effective immediately upon becoming law.

Sponsors (1)

Last Action

Referred to Assignments (on 02/05/2026)

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