805 ILCS 180/1-20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

Sec. 1-20.     Assumed name.(a) A limited liability company or a foreign limited  liability company admitted to transact business or making  application for admission to transact business in Illinois  may elect to adopt an assumed name that complies with the  requirements of Section 1-10 of this Act except (a)(1).(a-5) As used in this Act, "assumed name" means any name other than the  true  limited liability company name, except that the following do not constitute the  use of an assumed name under this Act:(1) A limited liability company's identification of     its business with a trademark or service mark of which the company is the owner or licensed user.(2) The use of a name of a division, not containing     the word "limited", "liability", or "company" or an abbreviation of one of those words, provided that the limited liability company also clearly discloses its true name.(b) Before transacting any business in Illinois under  an assumed limited liability company name or names, the  limited liability company shall, for each assumed name,  execute and file in duplicate an application setting forth all of the  following:(1) The true limited liability company name.(2) The state or country under the laws of which it     is organized.(3) That it intends to transact business under an     assumed limited liability company name.(4) The assumed name that it proposes to use.(c) The right to use an assumed name shall be effective  from the date of filing by the Secretary of State until the  first day of the anniversary month of the limited liability  company that falls within the next calendar year evenly  divisible by 5.  However, if an application is filed within  the 2 months immediately preceding the anniversary month of a  limited liability company that falls within a calendar year  evenly divisible by 5, the right to use the assumed name  shall be effective until the first day of the anniversary  month of the limited liability company that falls within the  next succeeding calendar year evenly divisible by 5.(d) A limited liability company shall renew the right  to use its assumed name or names, if any, within the 60 days  preceding the expiration of the right, for a period of 5  years, by making an election to do so at the time of filing  its annual report form and by paying the renewal fee as  prescribed by this Act.(e) A limited liability company or foreign limited  liability company may change or cancel any or all of its  assumed names by executing and filing an application setting  forth all of the following:(1) The true limited liability company name.(2) The state or country under the laws of which it     is organized.(3) That it intends to cease transacting business     under an assumed name by changing or cancelling it.(4) The assumed name to be changed or cancelled.(5) If the assumed name is to be changed, the assumed     name that the limited liability company proposes to use.(f) Upon the filing of an application to change an  assumed name, the limited liability company shall have the  right to use the assumed name for the balance of the period  authorized.(g) The right to use an assumed name shall be cancelled  by the Secretary of State if any of the following occurs:(1) The limited liability company fails to renew an     assumed name.(2) The limited liability company has filed an     application to change or cancel the assumed name.(3) A limited liability company has been  dissolved.(4) A foreign limited liability company has had its     admission to do business in Illinois revoked.(h) Any limited liability company or foreign limited  liability company failing to pay the prescribed fee for  assumed name renewal when due and payable shall be given  notice of nonpayment by the Secretary of State by  regular mail.  If the fee, together with a late fee of  $100, is not paid within 60 days after the notice is mailed,  the right to use the assumed name shall cease.  Any limited liability company or foreign limited  liability company that (i) puts forth any sign or advertisement  assuming any name other than that under which it is organized  or otherwise authorized by law to act or (ii) violates Section 1-27 is  guilty of a  petty offense and shall be fined not less than $501 and not  more than  $1,000.  A limited liability company or foreign limited liability company  shall be deemed guilty of an  additional offense for each day it shall continue to so  offend.  Each limited liability company or foreign limited  liability company that fails or refuses (1) to answer  truthfully and fully within the time prescribed by this Act  interrogatories propounded by the Secretary of State in  accordance with this Act or (2) to perform any other act  required by this Act to be performed by the limited liability  company or foreign limited liability company is guilty of a  petty offense and shall be fined not less than $501 and not  more than $1,000.(i) A foreign limited liability company may not use an assumed or fictitious  name in the conduct of its business to intentionally misrepresent the  geographic origin or location of the company.    (Source: P.A. 93-59, eff. 7-1-03.)