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  • January 20, 2017

  • Did Your Medical Corporation Renew its License Before the January 1 Deadline?

    The Illinois Department of Financial and Professional Regulation (IDFPR) has alerted ISMS that an unusually high number of medical corporations, limited liability companies and professional service corporations have failed to renew their licenses.

    The expiration date was Jan. 1, 2017.

    These types of corporations must be licensed by IDFPR separately from your individual medical license(s).

    It is possible that because IDFPR moved to a new electronic license renewal notification process, many entities may not have received their license renewal notification.

    Unfortunately, failure to receive an electronic notification does not provide any leniency from the state.

    If you haven’t yet, here’s how to renew your entity's license:

    Before you begin, have your corporation's license number and PIN number handy. Your PIN number is located on your license renewal notification email; if you do not have this email, you will need to call IDFPR at 800-560-6420 to obtain your PIN number.

    • Visit IDFPR's license renewal web page.
    • Click on "Professions Currently in Renewal."
    • Click on your type of corporation.
    • Click "Print Renewal."
    • Enter your license number and your pin number in the appropriate boxes.
    • Select "Request Renewal Print" to print the renewal form to be mailed to IDFPR, along with your license renewal fee.

    Fortunately, there is no financial penalty for restoring your entity's license - but you must act fast if your license has expired.

    Not all physicians are part of medical corporations, limited liability companies, or professional service corporations. We recommend that you speak to your practice attorney regarding questions about your corporate structure if you are unsure.

    If you have any questions or concerns about the renewal process, contact IDFPR at 800-560-6420 or send a question online.

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