Chapter 805 — BUSINESS ORGANIZATIONS

(805 ILCS 8/5-1) Sec. 5-1. Short title. This Article may be cited as the Franchise Tax and License Fee Amnesty Act of 2007. References in this Article to "this Act" mean this Article. (Source: P.A. 95-233, eff. 8-16-07.)

(805 ILCS 8/5-10) Sec. 5-10. Amnesty program. The Secretary shall establish an amnesty program for all taxpayers owing any franchise tax or license fee imposed by Article XV of the Business Corporation Act of 1983. The amnesty program shall be for a period from February 1, 2008 t…

(805 ILCS 8/5-5) Sec. 5-5. Definitions. As used in this Act: "Secretary" means the Illinois Secretary of State. "Rules" means any rules adopted or forms prescribed by the Secretary. "Taxable period" means any period of time for which any franchise tax is imposed by and owed to th…

(805 ILCS 8/5-6) Sec. 5-6. (Repealed). (Source: P.A. 95-707, eff. 1-11-08. Repealed by P.A. 104-435, eff. 11-21-25.)

(805 ILCS 8/5-90) Sec. 5-90. (Amendatory provisions; text omitted). (Source: P.A. 95-233, eff. 8-16-07; text omitted.)

(805 ILCS 8/99-99) Sec. 99-99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 95-233, eff. 8-16-07; 95-876, eff. 8-21-08.)

(805 ILCS 10/1) (from Ch. 32, par. 415-1) Sec. 1. This Act may be cited as the Professional Service Corporation Act. (Source: P.A. 86-1475.)

(805 ILCS 10/10) (from Ch. 32, par. 415-10) Sec. 10. A professional corporation organized under this Act shall be governed by a board of directors elected by the shareholders and represented by officers elected by the board of directors, and, if desired, by an executive committee…

(805 ILCS 10/11) (from Ch. 32, par. 415-11) Sec. 11. No corporation organized under this Act may issue any of its capital stock to anyone other than an individual who is duly licensed or otherwise legally authorized to render the same specific professional services or related pro…

(805 ILCS 10/12) (from Ch. 32, par. 415-12) Sec. 12. (a) No corporation shall open, operate or maintain an establishment for any of the purposes for which a corporation may be organized under this Act without a certificate of registration from the regulating authority authorized …

(805 ILCS 10/12.1) (from Ch. 32, par. 415-12.1) Sec. 12.1. Any corporation which on 2 occasions issues or delivers a check or other order to the Department of Financial and Professional Regulation which is not honored by the financial institution upon which it is drawn because of…

(805 ILCS 10/13) (from Ch. 32, par. 415-13) Sec. 13. The regulating authority which issued the certificate of registration may suspend or revoke the certificate or may otherwise discipline the certificate holder for any of the following reasons: (a) The revocation or suspension o…

(805 ILCS 10/13.5) Sec. 13.5. Notice of violation. Whenever the regulating authority has reason to believe a corporation has opened, operated, or maintained an establishment for any of the purposes for which a corporation may be organized under this Act without a certificate of r…

(805 ILCS 10/14) (from Ch. 32, par. 415-14) Sec. 14. At the time of the filing of the written application by the corporation for the renewal of its certificate under Section 12 of this Act, such corporation shall also file with the appropriate regulating authority a certificate g…

(805 ILCS 10/15) (from Ch. 32, par. 415-15) Sec. 15. A professional corporation may only engage in the rendering of one category of professional service or related professional services and may render such professional service or related professional services only through shareho…

(805 ILCS 10/15.5) Sec. 15.5. Confidentiality. All information collected by the regulating authority 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 c…

(805 ILCS 10/16) (from Ch. 32, par. 415-16) Sec. 16. The provisions of this Act shall not be construed as limiting the rendering of professional services or the practice of any profession under any other provision of law. However, the provisions of this Act shall be applicable to…

(805 ILCS 10/17) (from Ch. 32, par. 415-17) Sec. 17. If any provision of this Act or the application thereof to any person or circumstance is invalid, such invalidity shall not affect other provisions or applications of this Act which can be given effect without the invalid provi…

(805 ILCS 10/18) (from Ch. 32, par. 415-18) Sec. 18. Administrative Procedure Act. The Illinois Administrative Procedure Act is expressly adopted and incorporated herein as if all of the provisions of that Act were included in this Act, except that the provision of subsection (d)…

(805 ILCS 10/19) Sec. 19. Deposit of fees and fines. Beginning July 1, 1995, all of the fees and fines collected under this Act shall be deposited into the General Professions Dedicated Fund. (Source: P.A. 88-683, eff. 1-24-95.)

(805 ILCS 10/2) (from Ch. 32, par. 415-2) Sec. 2. It is the legislative intent to provide for the incorporation of an individual or group of individuals to render the same professional service or related professional services to the public for which such individuals are required …

(805 ILCS 10/3) (from Ch. 32, par. 415-3) Sec. 3. In this Act the terms defined in the Sections following this Section and preceding Section 4 have the meanings ascribed to them in those Sections unless a contrary meaning is clear from the context. (Source: P.A. 97-333, eff. 8-12…

(805 ILCS 10/3.1) (from Ch. 32, par. 415-3.1) Sec. 3.1. "Ancillary personnel" means such persons acting in their customary capacities, employed by those rendering a professional service who: (1) are not licensed to engage in the category of professional service for which a profes…

(805 ILCS 10/3.2) (from Ch. 32, par. 415-3.2) Sec. 3.2. "Regulating authority" means the Supreme Court of Illinois (in the case of attorneys at law), the Department of Financial and Professional Regulation, or other State board, department, or agency having jurisdiction to grant …

(805 ILCS 10/3.3) (from Ch. 32, par. 415-3.3) Sec. 3.3. "License" includes a license, certificate of registration or any other evidence of the satisfaction of the requirements of this State, or of the United States Patent Office or the Internal Revenue Service of the United State…

(805 ILCS 10/3.4) (from Ch. 32, par. 415-3.4) Sec. 3.4. (a) "Professional Corporation" means: (1) a corporation organized under this Act; (2) an entity converted under the Entity Omnibus Act to a corporation governed by this Act; or (3) a foreign corporation domesticated under th…

(805 ILCS 10/3.5) (from Ch. 32, par. 415-3.5) Sec. 3.5. "Professional Service" means any personal service which requires as a condition precedent to the rendering thereof the obtaining of a license from a State agency or from the United States Patent Office or the Internal Revenu…

(805 ILCS 10/3.6) (from Ch. 32, par. 415-3.6) Sec. 3.6. "Related professions" and "related professional services" mean more than one personal service which requires as a condition precedent to the rendering thereof the obtaining of a license and which prior to October 1, 1973 cou…

(805 ILCS 10/4) (from Ch. 32, par. 415-4) Sec. 4. The "Business Corporation Act of 1983", as now or hereafter amended, shall be applicable to professional corporations organized under this Act, and they shall enjoy the powers and privileges and be subject to the duties, restricti…

(805 ILCS 10/5) (from Ch. 32, par. 415-5) Sec. 5. A professional corporation organized under this Act may consolidate or merge only with another domestic professional corporation organized under this Act to render the same specific professional service or related professional ser…

(805 ILCS 10/6) (from Ch. 32, par. 415-6) Sec. 6. One or more individuals each of whom is licensed to perform the same professional service or related professional services in this State may organize a professional corporation by filing articles of incorporation with the Secretar…

(805 ILCS 10/7) (from Ch. 32, par. 415-7) Sec. 7. No corporation organized and incorporated under this Act may render professional services, except through its officers, employees and agents who are duly licensed or otherwise legally authorized to render such professional service…

(805 ILCS 10/8) (from Ch. 32, par. 415-8) Sec. 8. Nothing contained in this Act shall be interpreted to abolish, repeal, modify, restrict or limit the law now in effect in this State applicable to the professional relationship and liabilities between the person furnishing the pro…

(805 ILCS 10/9) (from Ch. 32, par. 415-9) Sec. 9. A professional corporation shall adopt a name consisting of the full or last name of one or more of its shareholders; except that if not otherwise prohibited by law, rules of a regulating authority or the canons of ethics of the p…

(805 ILCS 15/1) (from Ch. 32, par. 631) Sec. 1. This Act may be cited as the Medical Corporation Act. (Source: P.A. 86-1475.)

(805 ILCS 15/10) (from Ch. 32, par. 640) Sec. 10. The Department may suspend or revoke any certificate of registration or may otherwise discipline the certificate holder for any of the following reasons: (a) the revocation or suspension of the license to practice medicine of any …

(805 ILCS 15/11) (from Ch. 32, par. 641) Sec. 11. Before any certificate of registration is suspended or revoked, the holder shall be given written notice of the proposed action and the reasons therefor, and shall be given a public hearing by the Department with the right to prod…

(805 ILCS 15/12) (from Ch. 32, par. 642) Sec. 12. The provisions of the Administrative Review Law, as heretofore or hereafter amended, and all rules adopted pursuant thereto, shall apply to and govern all proceedings for the judicial review of final administrative decisions of th…

(805 ILCS 15/13) (from Ch. 32, par. 643) Sec. 13. (a) All of the officers, directors and shareholders of a corporation subject to this Act shall at all times be persons licensed pursuant to the Medical Practice Act of 1987. No person who is not so licensed shall have any part in …

(805 ILCS 15/13.5) Sec. 13.5. Notice of violation. Whenever the Department has reason to believe a corporation has opened, operated, or maintained an establishment for any of the purposes for which a corporation may be organized under this Act without a certificate of registratio…

(805 ILCS 15/14) (from Ch. 32, par. 644) Sec. 14. This Act does not alter any law applicable to the relationship between a physician furnishing medical service and a person receiving such service, including liability arising out of such service. (Source: Laws 1963, p. 3513.)

(805 ILCS 15/15) (from Ch. 32, par. 645) Sec. 15. Each individual shareholder, director, officer, agent, or employee licensed pursuant to the Medical Practice Act of 1987 who is employed by a corporation subject to this Act shall remain subject to discipline for his conduct under…

(805 ILCS 15/16) (from Ch. 32, par. 646) Sec. 16. If the articles of incorporation or by-laws of a corporation subject to this Act fail to state a price or method of determining a fixed price at which the corporation or its shareholders may purchase the shares of a deceased share…

(805 ILCS 15/16.5) Sec. 16.5. Confidentiality. 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…

(805 ILCS 15/17) (from Ch. 32, par. 647) Sec. 17. If any provision of this Act or the application thereof to any person or circumstances is invalid, such invalidity shall not affect other provisions or applications of this Act which can be given effect without the invalid provisi…

(805 ILCS 15/18) (from Ch. 32, par. 648) Sec. 18. Illinois Administrative Procedure Act. The Illinois Administrative Procedure Act is expressly adopted and incorporated herein as if all of the provisions of that Act were included in this Act, except that the provision of subsecti…

(805 ILCS 15/2) (from Ch. 32, par. 632) Sec. 2. One or more persons licensed pursuant to the Medical Practice Act of 1987, as heretofore or hereafter amended, may form a corporation pursuant to the "Business Corporation Act of 1983", as amended, to own, operate and maintain an es…

(805 ILCS 15/3) (from Ch. 32, par. 633) Sec. 3. The "Business Corporation Act of 1983", as heretofore or hereafter amended, and the Entity Omnibus Act shall be applicable to such corporations, including their organization, and they shall enjoy the powers and privileges and be sub…

(805 ILCS 15/4) (from Ch. 32, par. 634) Sec. 4. The corporation may bear the last name of one or more persons formerly or currently associated with it. A corporation organized under this Act may also adopt a name which does not include the surname of any present or former shareho…

(805 ILCS 15/5) (from Ch. 32, par. 635) Sec. 5. No corporation shall open, operate or maintain an establishment for any of the purposes set forth in Section 2 of this Act without a certificate of registration from the Department of Financial and Professional Regulation, hereinaft…