Securities

REGISTRATION AND LICENSING

The forms on this page are provided in PDF (Portable Document Format) files, which can be viewed or printed using your Web browser and Adobe's Acrobat Reader software. Macintosh and Windows versions of Acrobat Reader may be downloaded free of charge from Adobe.

A business opportunity seller must file the following documents with the Secretary of State for each business opportunity established by the seller before conducting business in Illinois unless exempt by law. An Application to Register or Renew Business Opportunities IL BSOP Form 5-25  PDF, a Consent to Service of Process Illinois Form BO5  PDF, one completed copy of the Illinois Business Opportunity Disclosure Document IL BSOP Form 5-35  PDF, Franchise Offering Circular or equivalent document prepared pursuant to the Federal Trade Commission Rule and the filing fee. The registration of the business opportunity will become effective on the expiration of the tenth business day after a complete filing is made. The Secretary of State may issue a cease and desist order denying its effectiveness if it is in the public interest. The registration is effective for one year.

Changes that render information on the application or documents on file with the Secretary of State 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:

Initial Application Fee: $300

Fee to Report a Material Change: $25

Annual Renewal Fee: $300

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.