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Illinois Bill Allows for Professional Limited Liability Companies

August 21, 2018

Effective August 14, Senate Bill 3398 (Public Act 100-0894) amended the Limited Liability Company and Professional LLC Acts to permit conversions of LLCs to professional LLCs with no filing fee and to require the name of a professional LLC to contain “PLLC”. Certificates of registration are to expire on January 1, 2019 and on January 1 of every third year thereafter for professional LLCs, professional service corporations and medical corporations.