Securities

REGISTRATION AND LICENSING

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The application for registration must be filed on Illinois Form BB01  PDF, Application for Registration as a Business Broker, together with Illinois Form BB10  PDF, Consent to Service of Process (if not incorporated or authorized to transact business in Illinois), the disclosure document required under Section 10-30(b) of the law and the filing fee. The business broker will be registered when the application is complete and accurate provided there are no statutory disqualifications.

Changes that render information on the application or disclosure document inaccurate must be reported to the Secretary of State within 10 business days of the occurrence of the change. Registrants must file for renewal of registration annually.

Fees:

Filing Fee: $200, plus $50 for each person (in excess of two) who is business brokering on behalf of the business brokerage firm.

Renewal Fee: Same as initial filing fee

Branch Office Fee: $20, if in excess of 2 branch offices in this State

Annual Renewal Branch Office Fee: Same as initial branch office fee

Late fees are assessed when the required forms or fees are not timely filed or paid.

DISCLAIMER
The Secretary of State, Illinois Securities Department or their information providers shall not be liable regardless of the cause or duration, for any errors, inaccuracies, omissions or untimeliness of the information, or for any delay or interruption in the transmission thereof to the user, or for any claims or losses arising therefrom.