Is it required for a member LLC of a partnership LLC to apply also an Authority To Transact Business in IL?

Yes it does,if it operates as a seperate LLC ,even if only acts as an investor in LLCB

It is essential that corporate documents be drafted according to legal statute. The Illinois Secretary of state requires clauses that must be added to the document to insure lawsuit protection for officers, directors and shareholders. The state forms typically do not contain these required additional clauses and state employees do not offer legal advice. So, the documents must be professionally drafted in order to provide the available benefits to those associated with the company.

In addition, by-laws, stock certificates, shareholders register, resolutions, minutes for meetings of corporations, operating agreements for LLC, tax forms, and in many cases a corporate seal is required.

Registered Agent - In nearly all states, a corporation or LLC is LEGALLY REQUIRED to designate and maintain a registered agent. The Registered agent must have a PHYSICAL ADDRESS within the state where it is incorporated or where it maintains a LEGAL PRESENCE (e.g. office, employees, address, etc...)

you need a legal opinion here and so should contact an attorney or a cpa for an answer. when i set up my LLC i got the impression that LLC's were a form of proprietorship in which case there wouldn't be a second primary. as an investor you should be holding a piece of paper not the keys to the business. its possible you could render services to the LLC as an employee or a sub - contractor.

it really is a hardship-loose difficulty in business enterprise with more suitable tahn a million member. The operating agmt ought to spell out how debt should be incureed on behalf or interior the call of the corporation. e.g. can grant that a minimum of one different memebr if no longer all ought to consent. If it truly is teh case, then any debt made on behalf or interior the call of the corporation w/out the authorization of a minimum of one million, 2 or each and every of the contributors turns into the responsbility of that member in straightforward words. in the different case, the debt turns into criminal duty of the business enterprise to be paid from the business enterprise until eventually using the cardboard is for extraordinarily own use in straightforward words.