A New Day for LLCs in Illinois
In his January 2019 Illinois Bar Journal article, “A New Day for LLCs in Illinois,” Matthew Misichko, an associate in the corporate department at Barnes & Thornburg, discusses new strategic opportunities for clients who are forming businesses in Illinois thanks to recent amendments to the Illinois Limited Liability Company Act. Significant amendments to the Illinois Limited Liability Company Act took effect on July 1, 2017, and brought the Act into conformity with the Uniform Limited Liability Company Act already followed by most states. With the changes come new recommendations for reviewing a current LLC operating agreement or drafting a new one. For starters, LLCs now have appointment power, bringing LLCs into alignment with corporations, which have had such authority for a long time. Also, LLC managers can now be designated rather than elected.
ISBA Director of Legislative Affairs Jim Covington reviews legislation in Springfield of interest to ISBA members. This week he covers presumption of equal parenting time, bill of particulars, bail reform change, concealed carry for judges and prosecutors, grand jury proceedings, and condos and common interest community associations.
Volunteers are needed for the 2019 ISBA High School Mock Trial Invitational, which will be held March 9-10 at the Public Affairs Center at the University of Illinois Springfield.
Asked and Answered 
The Illinois State Bar Association’s Lawyer Finder Service provides referrals to local lawyers Mondays through Fridays. The Service makes referrals in a number of areas of law. For the month of December 2018 there were more than 500 referrals given.