How To Register Small Business In Illinois

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This may increase during peak periods. The quickest way to register is online at mytaxillinois. Sole proprietorships and general partnerships must register assumed business names with the county clerk in each county where they do business.

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Online applications have a two day processing time.

How to register small business in illinois. If you prefer to register by mail download the illinois business registration application form reg 1 for completion and submission to the illinois department of revenue. Processing time for mailed applications is six to eight weeks. To register your business you must electronically register through mytax illinois approximately one to two days to process. In illinois businesses structured as corporations llcs and limited partnerships that intend to operate under an assumed business name must register the name with the sos. Select a business entity.

File the correct paperwork with the illinois division of corporations called articles of incorporation. If you plan to hire employees buy or sell products wholesale or retail or manufacture goods you must register with the idor. A limited liability company llc s corporation s corp c corporation c corp or sole proprietorship. To obtain information contact. You can set up an llc in illinois for 500.

Register a business name. For most small businesses registering an llc is a great option. Starting a business in illinois simple step by step guide. In comparison to other business entities llcs are easier to set up and manage and they have favorable tax treatment. Register your illinois business.

Open a business bank account. Your next major task is going to be registering your business with the state of illinois. Choose a business idea. In illinois most business are required to be registered and or licensed by the idor. Illinois department of revenue.

Before you can do that though you have to figure out what type of business structure you want to form. The division of corporations could take anywhere from 2 3 business days for e filing to 3 to 5 days for mail filings to process the paperwork. Apply for business licenses permits. Write a business plan. Complete and mail form reg 1 illinois business registration application to us at the address on the form form reg 1 is available on our web site as a fill in and savable form.

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