Starting a Business in Illinois

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Business Entity Formation

Business entities are formed by registration with the Illinois Office of the Secretary of State.

Limited Liability Company

Filing a Domestic LLC (for profit company, first registered in Illinois) is a $500 initial filing fee, $250 annual fee, and may be submitted online. Expedited service is available for an additional fee. Turnaround is 24 hours for online filing. The online fee is $600, consisting of the standard $500 fee plus the $100 expedite fee.

Filing a Foreign LLC (for profit company, first registered elsewhere) is a $500 initial filing fee, $250 annual fee, and may not be submitted online. Expedited service is available for an additional fee. Online filing is not available.

Corporation

Filing a Domestic Corporation (for profit company, first registered in Illinois) is a $181.25 initial filing fee, $75 annual fee, and may be submitted online. Expedited service is available for an additional fee. Turnaround is 24 hours for online filing. The online fee is $281.25, consisting of the standard $181.25 fee plus the $100 expedite fee.

Filing a Foreign Corporation (for profit company, first registered elsewhere) is a $175 initial filing fee, $75 annual fee, and may not be submitted online. Expedited service is available for an additional fee. Online filing is not available.

Sole Proprietor

A sole proprietor business does not require registration with the state.

DBA (Doing Business As) or Fictitious Business Name

Illinois allows individuals and businesses to register a fictitious business name. Corporations and LLCs file DBAs with the Illinois Secretary of State. Sole Propreitorships file at the local level.

Business Licenses

Certain localities require a business license in addition to state licensing requirements.. For more information on business licenses in Illinois visit their website.

Professional Licenses

There are a number of professions that require a state license in Illinois. For more information on professional licenses, visit this website. Additional information is available at http://www.idfpr.com/.

State Income Tax

Illinois does have a state income tax for individuals. Illinois does have a state income tax for corporations. Visit this website for more information on business income taxes in Illinois.

Illinois does have a franchise tax for corporations.

State Sales Tax

Illinois does have a state sales tax. Visit this website for more information on sales taxes in Illinois. Apply for an Illinois sales tax permit here. To register your business and receive your Certificate of Registration and Illinois Business Tax number (i.e., your “tax” number or IBT no.), you have three options: 1-Register electronically with on-line Business Registration application (1-2 days), 2-Complete and mail Form REG-1, Illinois Business Registration Application (6-8 weeks), 3-Visit a Regional Office where your application will be processed in 1 to 2 business days.

Employer Assistance

The state of Illinois administers labor and employment issues through the Illinois Department of Labor.

Unemployment Insurance

Unemployment insurance information for employers in Illinois is available at this website.

Unemployment insurance information for workers in Illinois is available at this location.

Workers' Compensation

Information for employers in Illinois regarding Worker's Compensation is available from the Illinois Worker's Compensation Commission website.

Employers must:

1. Obtain workers' compensation insurance;

2. Post a notice in each workplace that lists the insurance carrier and explains workers' rights;

3. Keep records of work-related injuries and report to the Commission those accidents involving more than three lost workdays;

4. NOT harass, discharge, refuse to rehire, or in any way discriminate against an employee for exercising his or her rights under the law;

5. NOT charge the employee in any way for workers' compensation insurance premiums or benefits that the employer is required to pay.

Occupational Health & Safety

Illinois provides Occupational Health & Safety support through Illinois Onsite Safety and Health Consultation Program. Visit their website. The Illinois Onsite Safety and Health Consultation Program helps small businesses meet federal health and safety regulations. The goal of the program is to assist small businesses to identify and correct occupational health and safety hazards at their facilities. Services are confidential (findings are not reported to OSHA) and are provided at no cost.

Resources for Starting a Business in Illinois