Short title
Short title. This Act may be cited as the Professional Limited Liability Company Act. (Source: P.A. 99-227, eff. 8-3-15.)
Illinois · statute · 805 ILCS 185 · 28 active provisions
Short title. This Act may be cited as the Professional Limited Liability Company Act. (Source: P.A. 99-227, eff. 8-3-15.)
Legislative intent. It is the intent of the General Assembly to provide for an individual or group of individuals to form a professional limited liability company to render the same professional service or related professional services to the public for which such individuals or individuals providing the professional s…
Definitions. In this Act: "Department" means the Department of Financial and Professional Regulation. "License" means a license, certificate of registration, or any other evidence of the satisfaction of the requirements of this State issued by the Department. "Professional limited liability company" means a limited lia…
Application of the Limited Liability Company Act. The Limited Liability Company Act, as now or hereafter amended, shall be applicable to professional limited liability companies, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other limited liability compani…
Articles of organization. One or more individuals may organize a professional limited liability company by filing articles of organization with the Secretary of State on forms furnished by the Secretary. Such articles of organization shall meet the requirements of the Limited Liability Company Act and this Act and must…
Professional limited liability company name. The name of each professional limited liability company or foreign professional limited liability company organized, existing, or subject to the provisions of this Act shall contain the terms "professional limited liability company", "P.L.L.C.", or "PLLC". (Source: P.A. 100-…
Nature of business. (a) A professional limited liability company may be formed to provide a professional service or services licensed by the Department except: (1) the practice of dentistry unless all the members and managers are licensed as dentists under the Illinois Dental Practice Act; (2) the practice of medicine…
Certificate of registration. (a) No professional limited liability company may render professional services that require the issuance of a license by the Department, except through its managers, members, agents, or employees who are duly licensed or otherwise legally authorized to render such professional services with…
Failure to obtain a certificate of registration. Whenever the Department has reason to believe a professional limited liability company has opened, operated, or maintained an establishment without a certificate of registration, the Department may issue a notice of violation to the professional limited liability company…
Suspension, revocation or discipline of certificate of registration. (a) The Department may suspend, revoke, or otherwise discipline the certificate of registration of a professional limited liability company for any of the following reasons: (1) the revocation or suspension of the license to practice the profession of…
Confidentiality. (a) All information collected by the Department in the course of an examination or investigation of a holder of a certificate of registration or an applicant, including, but not limited to, any complaint against a holder of a certificate of registration filed with the Department and information collect…
Professional relationship and liability; rights and obligations pertaining to communications. (a) Nothing contained in this Act shall be interpreted to abolish, repeal, modify, restrict, or limit the law in effect in this State on the effective date of this Act that is applicable to the professional relationship and li…
Dissolution. A professional limited liability company may, for the purposes of dissolution, have as its managers and members individuals who are not licensed by the Department to provide professional services notwithstanding any provision of this Act or of any professional Act administered by the Department, provided t…
Dishonored payments. Any professional limited liability company that, on 2 occasions, issues or delivers a check or other order to the Department that is not honored by the financial institution upon which it is drawn because of insufficient funds on the account, shall pay to the Department, in addition to the amount o…
Deposit of fees and fines. All fees, civil penalties, and fines collected under this Act shall be deposited into the General Professions Dedicated Fund. (Source: P.A. 99-227, eff. 8-3-15.)
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