How To Start A Business In Illinois

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How to Start a Business In Illinois

There are a few different steps to starting a business in the state of Illinois.

Getting started- The state of Illinois has a website about starting a business in Illinois here:  https://www.illinois.gov/dceo/SmallBizAssistance/BeginHere/Pages/StepByStepGuide.aspx

1. Choose your business structure.  how to start a business in Illinois

Decide what structure you want for your business– Many small business owners are sole-proprietors.  Find out more about business structures here: https://www.illinois.gov/dceo/SmallBizAssistance/BeginHere/Pages/StepByStepGuide.aspx

2. Register your new business name.

You need to register your business name with your county clerk’s office.  Here is a link to county clerk offices in Illinois:http://www.idph.state.il.us/vitalrecords/Pages/countylisting.htm

If you need help choosing a business name: 12 Tips to Help Choose a Business Name

3.  Register your business with Illinois.

You can register your business with the state of Illinois here:http://tax.illinois.gov/Businesses/register.htm

4. Open a Business Account with your Bank.

You will need to open a separate checking account for your business with your new business name.

5. Find out about taxes and hire an accountant.

You may want to file your own taxes if you are a small company. As you grow, it will be easier to have an accountant do the work. More info about taxes here: http://tax.illinois.gov/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business

6.  Decide if you need Liability Insurance.

You might want to consider liability insurance depending on what type of business you will be starting.

7. See if you need City License.

You may be required to obtain a license operate your business in a particular locale, whether you are a resident, or not.