Get Il Form Bb01 Illinois Secretary Of State Application For

Completing the IL FORM BB01, Application for Registration as a Business Broker, is a vital step for businesses seeking to operate legally in Illinois. This guide offers a user-friendly approach to filling out the necessary information online, ensuring compliance with the Illinois Business Brokers Act of 1995.

Follow the steps to complete your application efficiently.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin filling out the application by entering the name of the applicant. If the applicant is an individual or sole proprietor, list the last name, first name, and middle name.
3. Provide the Social Security Number or Federal Employer Identification Number (F.E.I.N.) in the designated field.
4. Enter the telephone number for the applicant to be used for contact purposes.
5. If the name under which the business broker operates differs from the applicant's name, include it in the appropriate field.
6. Fill out the firm’s main address, ensuring that if a P.O. Box is provided, a legal address must also be included. Attach an additional sheet with the addresses of all branch offices in Illinois if applicable.
7. Complete the street address and, if it differs, the mailing address. Include the city, state, and ZIP code for each address.
8. Include the name of a contact person, along with their business telephone number, fax number, and email address for further correspondence.
9. Provide information about the date and place where the applicant obtained legal status, including type of legal status such as corporation, partnership, or sole proprietorship.
10. If the applicant is a sole proprietor, list the full residence address and Social Security number.
11. If the applicant is succeeding to the business of a currently registered business broker, provide the succession date, name of predecessors, and the IRS Employer Identification Number.
12. Detail the nature and places of business, or employment history for the past ten years, or the duration of the applicant's existence if less than ten years.
13. Respond to the background information section by marking ‘yes’ or ‘no’ for each question, and provide detailed explanations or documentation for any ‘yes’ answers on an additional sheet.
14. List the name, residence, business address, and a ten-year occupational history for each principal of the applicant.
15. Finally, enter the names and Social Security numbers of all individuals engaged in business brokering on behalf of the business brokerage firm.
16. Once all fields are completed, review the form for accuracy. Save your changes, and then download, print, or share the completed form as needed.

Complete your documents online today to ensure a streamlined application process.