Pllc Or Llc In Illinois
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How to fill out Texas Sample Operating Agreement For Professional Limited Liability Company PLLC?
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FAQ
For LLCs in Illinois, the articles of organization must include the following: Name of your Illinois LLC. LLC's principal place of business in Illinois. Effective date of the LLC (can't be more than 60 days after filing articles). Name and Illinois address of the registered agent. Purpose of the LLC.
While an LLC can be created to serve ?any legal purpose,? a PLLC is a type of LLC that provides licensed services. Typically, its members need to belong to the same profession, though there are some exceptions. A PLLC must serve a specific purpose: to provide services related to its member or members' profession.
Illinois is unique in that it requires all PLLCs to not only register with the Secretary of State's office, but also with the Illinois Department of Financial and Professional Regulation (IDFPR). You'll have to submit your application online through the IDFPR Online Services Portal.
Illinois allows professionals to form both PLLCs and PSCs, and both PLLCs and PSCs provide liability protection for, respectively, their members or shareholders.
Please be advised: Due to statute changes in Illinois for LLC, all businesses listed as LLC's providing professional services licensed by the Illinois Department of Financial and Professional Regulation (IDFPR) are now required to register as a Professional Limited Liability Company (PLLC) with the Illinois Secretary ...