Illinois businesses with 100+ employees (or 50+ employees if a federal contractor) will need to include employment data with their annual reports starting January 1, 2023. The Illinois legislature enacted the amendment to the state’s Business Corporation Act to make employers’ diversity efforts more transparent.
Illinois employers are currently required to provide this information annually in their EE0-1 (Equal Employment Opportunity) reports. Starting in January 2023, this information must also be included with annual reports, and the Illinois Secretary of State will publish all data on its website.
These and other changes are captured in the 2021 Edition of Illinois Laws Governing Business Entities Annotated.
The 2021 Edition is updated through Illinois Public Act 102-4, capturing all changes from the latest legislative session. The book’s scope has also been expanded to include the Trademark Registration and Protection Act.
This newest edition captures more than a dozen new case notes from state and federal court decisions, as well as the full text of four significant cases covering recent legal developments relating to breach of fiduciary duty, standing in derivative actions, removal of directors, and LLC members.
An up-to-date Fee Schedule lists the Secretary of State’s required fees for business filings. The book also includes online access to more than 100 up-to-date fillable Illinois forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types. A listing of the forms and contact information for the Illinois Secretary of State can be found in the book’s forms appendix. The forms can also be found on the companion CD-ROM.
Illinois Laws Governing Business Entities is available as a softbound book or as an ebook, compatible with dedicated e-reader devices, computers, tablets and smartphones that use e-reader software or applications. It is also available on the LexisNexis Digital Library.
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