Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1175 - THE BARBER, COSMETOLOGY, ESTHETICS, HAIR BRAIDING, AND NAIL TECHNOLOGY ACT OF 1985 › Subpart C - BARBER SCHOOL › Section 1175.345 - Change of Ownership

Current through Register Vol. 48, No. 28, July 12, 2024
a) For
				purposes of this Section, "change of ownership", "sale" or "transfer" of a
				corporation means the transfer of more than 50% of stock during a 14-day
				period. For purposes of this Section, "change of ownership", "sale" or
				"transfer" of a partnership means a change of more than 50% of the partners
				during a 14-day period. For purposes of this Section, "change of ownership",
				"sale" or "transfer" of an LLC means a change of more than 50% of the members
				during a 14-day period. Any change of ownership of a parent business entity
				that owns the school's owner shall not be considered a change of ownership of
				the school.
b) If a licensed school
				is to be sold or otherwise transferred, the new owner must notify the Division
				at least 30 days in advance of the effective date of the transfer of ownership.
				The notification shall include a signed and dated letter from the pre-transfer
				owner acknowledging the planned sale or transfer.
c) Upon filing notice to the Division, the
				new owner may continue to operate the school under the previously issued
				license, provided that the new owner submits an application for licensure with
				the Division within 30 days after the effective date of the transfer of
				ownership by mailing to the Division:
1) A
				signed and completed school application;
2) A detailed 81/2 x 11 inch floor plan that
				is:
A) drawn to scale;
B) shows dimensions;
C) has all areas labeled;
D) has all fixtures shown; and
E) demonstrates compliance with the
				requirements of Section
				1175.305,
				if any expansion is to be done by the new owner;
3) A copy of:
A) a lease agreement showing at least a 1
				year commitment to the use of the school site, the name of the lessor and the
				name of the lessee; or
B) the
				certification of proposed school site ownership;
4) A copy of the enrollment agreement that
				will be utilized by the new owner;
5) If the new owner is a corporation, limited
				liability company, or partnership a copy of the following:;
A) if the owner is a domestic corporation, a
				filed copy of the Articles of Incorporation filed with the Secretary of State
				or, in the case of a foreign corporation, a filed copy of the Authority to
				Transact Business in Illinois accepted by and filed with the Secretary of
				State;
B) if the owner is a
				domestic limited liability company, a copy of the Articles of Organization that
				were filed with the Secretary of State, or if the owner is a foreign limited
				liability company, a copy of the Application for Admission to Transact Business
				as a Foreign Limited Liability Company accepted by and filed with the Secretary
				of State; or
C) if the owner is a
				partnership, a listing of all partners and their addresses;
6) A copy of curricula that will
				be used by the new owner;
7) A
				sample copy of the school's official transcript;
8) A Commitment Statement, as provided in the
				licensure application packet, signed and dated by the school's chief
				administrative officer;
9) List of
				all the names, addresses and current status of all schools in which the
				applicant has previously owned any interest, and a declaration as to whether
				any of these schools were ever denied accreditation or licensing or lost
				accreditation or licensing from any government body or accrediting
				agency;
10) An official inspection
				report by the local fire inspection authority within 6 months after application
				approving the school site;
11) A
				financial statement indicating sufficient current finances exist to operate the
				school for at least 3 months. The Division will not accept a bank statement as
				sufficient proof to meet this requirement. This financial statement shall
				include reporting cash assets on hand and any liabilities and shall be prepared
				by either a certified public accountant or a person knowledgeable about the
				finances of the school. Any financial statement submitted by a person who is
				not a certified public accountant must contain a signed statement certifying
				under penalty of perjury that the information is true and accurate based upon
				inspection of the financial records of the school;
12) If a name change is to also occur, all
				documents submitted must include the new name; and
13) The required fee set forth in Section
				1175.100.