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A non-partisan, member driven organization that promotes the success of small business through political advocacy, networking, support services and educational programs.
The advocacy section contains profiles and other content related to our advocacy work.
SBAC and Jewish B2B members head to Springfield to talk with legislators about importance of small business issues.
As the March primary nears, Illinois’ gubernatorial candidates are
making their rounds. On January 10th, it was the turn of small business
SBAC members in the western suburbs meet with Representative Ron Sandack
Issue: With the state facing a $100 billion unfunded public pension liability and accumulating $12.6 million in new debt every day, it is imperative that we engage and push our sta
Small Business Advocacy Council
2013 Legislative Agenda
ACTION PAGE -- EMAIL YOUR LEGISLATORS A COPY OF THIS AGENDA
We highly encourage you to also call your legislators and send letters in support of our agenda.
The Small Business Advocacy Council (SBAC) is a new organization of 700 small and mid-sized businesses. We actively engage in shaping public policy to reflect the interests of small and mid-sized businesses.
Of the 1.1 million businesses in Illinois, about 870,000 are self-employed, about 250,000 have 1-499 employees and 4300 have more than 500 employees. About half of the state’s 5.1 million employees work at small to mid-sized businesses (under 500 employees).
To create a better business climate in Illinois for small and mid-sized businesses, the SBAC proposes the following measures in 2013 for the General Assembly to consider.
1. LLC Filing Fees
Many small and mid-market businesses file and operate as Limited Liability Companies because that is best structure for their business. In Illinois, however, the fees associated with filing and operating an LLC are significantly higher than those paid by corporations. For example, the fee for filing an LLC in Illinois is three times higher than the fee for filing as a corporation and ranks among the highest in the nation. The fees associated with maintaining an Illinois LLC are also significantly higher - with LLCs paying an annual fee of $250 as opposed to the $75 fee paid by a corporation. Small businesses should not be penalized simply because they operate as LLCs.
Since we initiated legislation to lower LLC filing fees, the concept has gained considerable traction. Several additional bills have been filed that will reduce these fees. HB 2230, a bill that will reduce LLC fees by 50%, has been co-sponsored by 49 state representatives and secured strong, bi-partisan, support. Other bills seek to reduce LLC fees in various ways.