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Early Alert: Be Sure to Renew Your Medical Corporation License Before Dec. 31 Deadline
Posted on: 10/11/2017


Medical corporations, limited liability companies, and professional service corporations in the state are required by law to obtain a license annually from the Illinois Department of Financial and Professional Regulation (IDFPR).

Regardless of the date on which the license was issued, corporate licenses expire at the end of each year – December 31.

Last year, many physicians may not have received a license renewal notification due to IDFPR switching over to a new electronic process – which may explain why an unusually high number of medical corporations missed the renewal deadline.

ISMS wants to alert physicians to renew their corporate license by Dec. 31, 2017! IDFPR has indicated that the renewal period is expected to open in mid-October.

To learn more, access ISMS' newest Issue Brief, Licensure for Medical Corporations, Limited Liability Companies and Professional Service Corporations.* This resource covers corporate structures and licensure deadlines, along with a detailed FAQ section.

NEW: Effective last month, IDFPR stopped accepting paper applications for renewing or obtaining a first license for medical corporations. Therefore, you will now need to apply on IDFPR's Online Services Portal

Remember, medical corporations must be licensed by IDFPR separately from a physician's individual medical license and controlled substance license(s). 

If you have questions, contact David Porter at 312-580-2468 or by email.

*The Issue Brief is a member provided benefit and is password protected.

If you need to request a username and password, contact online support at 888-476-7776 or onlinehelp@isms.org  between 8:30 a.m. and 4:45 p.m. After-hours requests are answered promptly the next business day. You may also register online  or retrieve your username or password.

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