COBRA Law Compliance The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a critical piece of legislation that presents both opportunities and challenges for employers and their legal advisors...
By Eric Geringswald | CSC Companies doing business in a foreign state need to carefully consider whether to qualify there. Failure to do so could scuttle a deal, keep the company from enforcing a contract...
By Eric Geringswald | CSC Stay Compliant with Up-to-Date Illinois Business Law Resources Illinois lawmakers enacted several changes to the state’s business entity laws during the 2024 session...
By Eric Geringswald | CSC Comprehensive Coverage of Massachusetts Business Statutes and Regulations CSC’s Massachusetts Laws Governing Business Entities Annotated is a comprehensive collection...
By Eric Geringswald | CSC Key Business Tax Changes in Michigan Michigan lawmakers approved changes to several of the state’s business tax statutes: Income tax on flow-through entity members...
* The views expressed in externally authored materials linked or published on this site do not necessarily reflect the views of LexisNexis Legal & Professional.
By Eric Geringswald | CSC
A recent amendment to Illinois’ business entity statutes will require state contractors to annually submit a list of services suppliers to the state’s Commission on Equity and Inclusion.
The list must be organized by category, including, but not limited to, legal services, accounting services, media placement, technology services, asset management, and consulting services. The list must also include the percentage of owners and employees in each category who are women or minority persons.
Corporations that submit annual supplier diversity reports to the Illinois Commerce Commission are exempt from the new requirement.
The law goes into effect on June 1, 2024.
This and other changes to Illinois business entity law are captured in the 2024 Edition of Illinois Laws Governing Business Entities Annotated. Published by CSC in collaboration with legal publisher LexisNexis®, this resource is a comprehensive collection of Illinois business entity statutes legal practitioners rely on to effectively conduct research, counsel clients, and complete transactions.
The 2024 Edition is current through P.A. 103-585 of the 2024 Regular Session of the 103rd General Assembly and annotated with the latest case notes showing how courts have interpreted the law. Also included are five full-text cases exploring recent legal developments relating to derivative actions, automatic stays, cash-out mergers, registered agents, and venue.
An up-to-date Fee Schedule lists the Secretary of State’s required fees for business filings. The book also includes online access to more than 100 Illinois business forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types. A list of forms and contact information for the Illinois Secretary of State are included in the forms’ appendix.
Illinois Laws Governing Business Entities is available as a softbound book or as an eBook, compatible with dedicated eReader devices, computers, tablets, and smartphones that use eReader software or applications. It is also available on the LexisNexis Digital Library.
To learn more about the 2024 Edition of Illinois Laws Governing Business Entities Annotated, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.