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The Illinois secretary of state keeps the state records, laws, library, and archives, and is the state's corporation registration, vehicle registration and driver licensing authority. The current secretary of state is Alexi Giannoulias , a Democrat who took office in 2023.
Additionally Illinois states that each series is a separate entity, whereas Delaware is silent on whether each series is a separate entity. Most states with the series LLC have followed the Delaware model, rather than the model in Illinois which requires each series to be designated with the Secretary of State. [citation needed]
Corporations can only deduct net operating losses going back two years and forward 20 years. Reporting after incorporation. Assuming a corporation has not sold stock to the public, conducting corporate business is straightforward. Often, it amounts to recording key corporate decisions (for example, borrowing money or buying real estate) and ...
Most corporations are, however, incorporated under the influential Delaware General Corporation Law. United States corporate law regulates the governance, finance and power of corporations in US law. Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governance ...
A corporation sole is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person. [1] [2] This structure allows corporations (often religious corporations or Commonwealth governments) to pass without interruption from one officeholder to the next, giving positions legal continuity with ...
Bill failed a vote in the state's legislature. In business, and only in United States corporate law, a benefit corporation is a type of for-profit corporate entity whose goals include making a positive impact on society. Laws concerning conventional corporations typically do not define the "best interest of the corporation", which has led some ...
Education. University of Chicago. Boston University ( BA) Tulane University ( JD) Alexander Giannoulias ( / əˈlɛksi dʒəˈnuːliəs / jə-NOO-lee-əs; born March 16, 1976) is an American financier and politician who is the Secretary of State of Illinois. He previously served as the 72nd Illinois Treasurer from 2007 to 2011.
A religious corporation is a type of religious non-profit organization, which has been incorporated under the law. Often these types of corporations are recognized under the law on a subnational level, for instance by a state or province government. The government agency responsible for regulating such corporations is usually the official ...