(805 ILCS 180/50-25)
Sec. 50-25. Certified copies and certificates.
(a) Copies, photostatic or otherwise, any and all documents filed in the Office of the Secretary of State in accordance with the provisions of this Act, when certified by…
(805 ILCS 180/45-47)
Sec. 45-47. Activities that do not constitute transacting business.
(a) Without excluding other activities that may not constitute transacting business in this State, a foreign limited liability company shall not be…
(805 ILCS 180/45-30)
Sec. 45-30. Requirement for registered agent and certain reports. A foreign limited liability company admitted to transact business in this State shall:
(1) appoint and continuously maintain a registered
agen…
(805 ILCS 180/Art. 40 heading)
Article 40. Derivative Actions
(805 ILCS 180/40-1)
Sec. 40-1. Right of action. No action shall be brought by a member, or transferee who is entitled to exercise the rights of a member to bring an…
(805 ILCS 180/37-40)
Sec. 37-40. Series of members, managers or limited liability company interests.
(a) An operating agreement may establish or provide for the establishment of designated series of members, managers or limited liability…
(805 ILCS 180/35-65)
Sec. 35-65. Court action to determine fair value of distributional interest.
(a) In an action brought to determine the fair value of a distributional interest in a limited liability company, the court shall:
(1)…
(805 ILCS 180/35-10)
Sec. 35-10. Distribution of assets in winding up limited liability company’s business.
(a) In winding up a limited liability company’s business, the assets of the company must be applied to discharge its…
(805 ILCS 180/Art. 30 heading)
Article 30. Assignment of Membership Interests
(805 ILCS 180/30-1)
Sec. 30-1. Member’s distributional interest.
(a) A member is not a co-owner of, and has no transferable interest in, property of a…
(805 ILCS 180/15-5)
Sec. 15-5. Operating agreement.
(a) All members of a limited liability company may enter into an operating agreement to regulate the affairs of the company and the conduct of its business and to govern relations among…
(draft article)
How to Start an LLC in Illinois
by Jill Stimson, Demand Media
In Illinois, the Secretary of State’s Department of Business Services is responsible for administering the state’s business formation laws. An owner or member creating a…