There are several ways to organize businesses in Illinois. Search for a business entity, reserve a name, print a Certificate of Good Standing, and more.What Are The Requirements For Meetings? What is the difference between a Board of Directors and a Board of Managers? The registered agent must be either: An individual who lives in Illinois, OR. An entity authorized to transact business in Illinois. Each public body must appoint one person who will complete the training annually. The OMA declares that it is the intent of the Act that public bodies take action (vote) in open meetings, and that public bodies deliberate openly. Learn how to start a business in Illinois in 10 simple steps. Documentation: Corporate minutes provide a written record of important discussions, resolutions, and transactions conducted during corporate meetings. Meeting minutes record who attended a meeting and what business was conducted.