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Rick Hindmand and Rachel Yaffe were featured in "Registration Required for Illinois Medical and Professional Limited Liability Companies," by RBMA

Registration Required for Illinois Medical and Professional Limited Liability Companies
By: Rick Hindmand and Rachel Yaffe

A new rule requires Illinois Limited Liability Companies (LLCs) that provide medical, dental or other professional services to register with the Illinois Department of Financial and Professional Regulation (IDFPR).

Many health care professions licensed through IDFPR are affected by the new registration requirements, including physicians, dentists, chiropractors, podiatrists, physician assistants, nurses, physical and occupational therapists, acupuncturists, audiologists, naprapaths, optometrists, pharmacists, clinical psychologists, social workers, and veterinarians.

Each professional LLC is required to submit the “Application for a Limited Liability Company Registration” or similar application and obtain a certificate from IDFPR. Each LLC must then renew its registration annually by January 1 (regardless of the date of the original registration). Both existing and newly formed LLCs, as well as out-of-state professional LLCs doing in business in Illinois, are required to register. A separate application is required for each business location in Illinois.

To learn more about this registration requirements, visit: http://www.mcdonaldhopkins.com/alerts/alert.aspx?id=ZxegaizlLk6QGwXqhfsI_w

Reprinted with permission from RBMA RadCast May 17, 2011 issue.

http://www.rbma.org/Products_and_Resources/Legal_Resources/RBMA_Monthly_Legal_Update_Digest_May_2011.aspx