The Franchise Bureau in the Office of the Attorney General registers and monitors franchisors and brokers who seek to sell franchises in Illinois. In order to satisfy the bond requirement, the applicant must complete and submit one of the following three types of tax bonds along the application.â–« Agreement should set out the minimum performance standards required of distributor. This publication provides in a single source, the Illinois Franchise Disclosure Act ("Act") and the Rules ("Rules") made pursuant to the Act. An "accidental franchise" 1 occurs when a distribution agreement is deemed to be a franchise, despite the express intentions and expectations of the parties. A Membermanaged LLC is where all the Members (LLC owners) have the ability to legally bind the LLC in contracts and agreements. Equal distribution among members regardless of investment. The first thing you will need to do to form an LLC is to complete your Articles of Organization. Then file them with the Secretary of State.