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In this article, we explain shareholders’ rights to inspect company records for Illinois LLCs and Closely-Held Corporations. We answer the questions: what types of records are Illinois corporate shareholders entitled to review?, what constitutes a proper purpose for the inspection of corporate records in Illinois?, how to demand corporate records, what if a corporation refuses to allow a shareholder to inspect corporate records?, what records are LLCs required to keep in Illinois? We also explain the damages for a failure to allow a shareholder to review corporate records in Illinois, LLC members’ rights to review company records in Illinois, and how to request a review of LLC records in Illinois.
September 5, 2024
Looking to start your new business? Welcome to the first step! We’re here to guide you through forming an LLC in Illinois by discussing the benefits of an LLC, the process for forming an LLC, and how to operate an LLC if it was formed in a different state.
September 5, 2024
Buying a house under an LLC requires understanding its structure, benefits for asset protection and tax advantages, and navigating specific financing strategies. Setting up an LLC for real estate investment involves considering potential pitfalls and ensuring proper management to maintain liability protection and optimize financial benefits.
September 5, 2024
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