Illinois Department of Financial and Professional Regulation Archives

IDFPR Cracking Down: PLLC vs. LLC

IDFPR Cracking Down: PLLC vs. LLC

PLLCs now required. Professionals licensed by the IDFPR: there has been a major change to the LLC statute in Illinois. It likely affects you and your business. Previously, licensed professionals were able to form their businesses as LLCs. Now, these businesses must register as a Professional LLC (PLLC). This change went largely unenforced, but no longer. Attention IDFPR [...]

Ian Saderholm2023-08-04T14:13:21-05:00August 12th, 2020|Business Entity Selection/Formation, Small Business Law|

Social Equity Status is All or Nothing, IDFPR Clarifies

(date: November 4th, 2019) The Illinois Department of Financial and Professional Regulation (IDFPR), the arm of the government in charge of licensing cannabis dispensaries, recently compiled and published their answers to the questions they have received about the application process. The law leaves many issues unresolved, and this resource clarifies a lot of them. One of the key parts [...]

Ian Saderholm2020-06-03T15:43:16-05:00January 9th, 2020|Business Entity Selection/Formation, Cannabis, Employers, Small Business Law, Startups|