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the following BL TV program is brought to you by OFlaherty law please enjoy today were gonna talk about a shareholders right to inspect company records for Illinois LLCs and corporations will talk about corporations first and then well move on to LLCs so corporations the Illinois Business Corporation Act provides that shareholders of a corporation are entitled to access of the following types of documents for a proper purpose the complete books and accounting records of the company meeting minutes of shareholders and directors and records of the identity of the corporation shareholders this is not an exclusive list Illinois case law has established that if a proper purpose exists the shareholder has a right to inspect all books and books and records necessary to make an intelligent and searching investigation in order to better protect his or her interests so the term proper purpose is very important because as long as theres a proper purpose the shareholder can really inspect a
