By Eric Geringswald | CSC Illinois LLC Personal Liability An Illinois appellate court affirmed a circuit court's finding that members of an Illinois LLC could not be held personally liable for a money judgment owed by their company because the LLC's...
By Eric Geringswald | CSC How Terminated Illinois LLCs can be Reinstated Illinois lawmakers have amended the state’s Limited Liability Company Act to allow LLCs to revoke the decision to terminate if done within 90 days after the effective date of the...
Illinois businesses with 100+ employees (or 50+ employees if a federal contractor) will need to include employment data with their annual reports starting January 1, 2023. The Illinois legislature enacted the amendment to the state’s Business Corporation Act to...