New Legislation


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We’ve got you covered with a listing of legislation and fee changes set to go into effect on January 1st, 2019.

Legislation Changes

Alabama House Bill 72 revises the Alabama Partnership Act to specify the procedures for formation, powers, governance, and dissolution applicable to limited liability limited partnerships, limited liability partnerships, foreign limited liability limited partnerships, and foreign limited liability partnerships that conduct business in the state.

To see the bill in its entirety: Click Here

California Senate Bill 920 extends the authorization for persons licensed to engage in the practice of engineering, land surveying, or architecture to form limited liability partnerships (LLPs) to January 1, 2026.

To see the bill in its entirety: Click Here

California Assembly Bill 2503 enables the Franchise Tax Board (FTB) to administratively dissolve a domestic corporation if, as of January 1, 2019, or any time thereafter, the corporation’s corporate powers, rights, and privileges have been suspended for at least 60 continuous months.

To see the bill in its entirety,: Click Here

Illinois House Bill 4578 amends the Business and Not-for-Profit Corporation Acts to eliminate the prohibition on the use of the word “Olympic” in a corporate or assumed name. The Limited Liability Company Act is also amended to reduce the penalty from $300 to $100 for failure to file a timely annual report, pay annual fee or maintain a registered agent.

To see the bill in its entirety: Click Here

Illinois House Bill 4765 creates a predictable county fee schedule for standard document recordings.

To see the bill in its entirety: Click Here

Minnesota House Bill 2764 amends business entity statutes relating to conversions and domestications to require a foreign limited liability company to file an amendment to its foreign registration with the secretary of state if there is a change in the limited liability company’s name, jurisdiction, address, or any other required information required by law.

To see the bill in its entirety: Click Here

New Hampshire Senate Bill 413 establishes criteria for determining whether a proposed business name is distinguishable from an existing business name for purpose of registration with the secretary of state. The bill also revises the procedure for reinstatement of a limited liability company by the secretary of state.

To see the bill in its entirety: Click Here

Rhode Island House Bill 7562 amends the Limited Liability Company Act to increase the acceptable future effective date of limited liability company filings from 30 to 90 days.

To see the bill in its entirety: Click Here

Illinois Fee Changes 

Effective January 1, 2019, the penalty for failure to file a limited liability company annual report before the first day of the second month after the anniversary month, is reduced from $300 to $100.

Effective January 1, 2019, the penalty for failure to appoint and maintain a registered agent in Illinois within 60 days of notification of the Secretary of State by the resigning registered agent is reduced from $300 to $100.