815 ILCS 602/5-30
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-30. Registration.(a) In order to register a business opportunity, the seller  shall file with the Secretary of State one of the following  disclosure documents with the appropriate cover sheet as  required by subsection (b) of Section 5-35 of this Law, a consent to service of  process as specified in subsection (b) of this Section, and the  appropriate fee as required by subsection (c) of this Section  which is not returnable in any event:(1) The Business Opportunity Disclosure Document     which the Secretary of State may prescribe by rule or regulation; or(2) A disclosure document prepared pursuant to the     Federal Trade Commission rule entitled Disclosure Requirements and Prohibitions Concerning Franchising, 16 C.F.R. Part 436, or the Federal Trade Commission rule entitled Disclosure Requirements and Prohibitions Concerning Business Opportunities, 16 C.F.R. Part 437, as they may be amended; or(3) A disclosure document prepared pursuant to     subsection (b) of Section 5-35 of this Law.(b) Every seller shall file, in the form as the Secretary  of State may prescribe, an irrevocable consent appointing the  Secretary of State or the successor in office to be the seller's  attorney to receive service of any lawful process in any  noncriminal suit, action or proceeding against the seller or the  seller's successor, executor or administrator which arises under  this Law after the consent has been filed, with the same force  and validity as if served personally on the person filing the  consent. Service may be made by delivering a copy of the process  in the office of the Secretary of State, but is not effective  unless the plaintiff or petitioner in a suit, action or  proceeding, forthwith sends notice of the service and a copy of  the process by registered or certified mail, return receipt  requested, to the defendant's or respondent's most current  address on file with the Secretary of State, and the plaintiff's  affidavit of compliance with this subsection is filed in the  case on or before the return date of the process, if any, or  within such further time as the court allows.(c)(1) The Secretary of State shall by rule or regulation     impose and shall collect fees necessary for the administration of this Law including, but not limited to, fees for the following purposes:(A) filing a disclosure document and renewal fee;(B) interpretive opinion fee;(C) acceptance of service of process pursuant to         subsection (b) of Section 5-145;(D) issuance of certification pursuant to Section         5-20; or(E) late registration fee pursuant to Section         5-30(g).(2) The Secretary of State may, by rule or     regulation, raise or lower any fee imposed by, and which he or she is authorized by law to collect under this Law.(d) A registration automatically becomes effective upon  the expiration of the 10th full business day after a complete  filing, provided that no order has been issued or proceeding  pending under Section 5-45 of this Law. The Secretary of State may  by order waive or reduce the time period prior to effectiveness,  provided that a complete filing has been made. The Secretary of  State may by order defer the effective date until the expiration  of the 10th full business day after the filing of any amendment.(e) The registration is effective for one year commencing on  the date of effectiveness and may be renewed annually upon the  filing of a current disclosure document accompanied by any  documents or information that the Secretary of State may by rule  or regulation or order require. The annual renewal fee shall be  in the same amount as the initial registration fee as  established under subsection (c) of Section 5-30 of this Law which shall not be  returnable in any event. Failure to renew upon the close of the  one year period of effectiveness will result in expiration of the  registration. The Secretary of State may by rule or regulation  or order require the filing of a sales report.(f) The Secretary of State may by rule or regulation or  order require the filing of all proposed literature or  advertising prior to its use.(g) Notwithstanding the foregoing, applications for renewal of  registration of business opportunities may be filed within 30  days  following  the expiration of the registration provided that the applicant pays the annual  registration fee together with an additional amount equal to the annual  registration fee and files any other information or documents that the  Secretary of State  may prescribe by  rule or order.  Any application filed within 30 days  following the expiration of the  registration shall be automatically effective  as of the time of the earlier expiration provided that the proper fee has been  paid to the Secretary of State.  (Source: P.A. 96-648, eff. 10-1-09.)