HB 4361 (New Illinois LLC Changes) Passes House and Senate

The Institute of Illinois Business Laws, which I chaired for 2014-2016, drafted and has supported HB 4361, which, with the able leadership of our legislative chairman Mike Hansen, has passed the Illinois House and Senate, and awaits action by Governor Rauner. HB 4361  is an extensive reqrite of current Illinois law, designed to bring our statutes…