How To Register Small Business In Illinois

Starting a business in illinois simple step by step guide.

How to register small business in illinois. For most small businesses registering an llc is a great option. 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. 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. A limited liability company llc s corporation s corp c corporation c corp or sole proprietorship. In comparison to other business entities llcs are easier to set up and manage and they have favorable tax treatment.

Register a business name. Sole proprietorships and general partnerships must register assumed business names with the county clerk in each county where they do business. 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. To register your business you must electronically register through mytax illinois approximately one to two days to process. Register your illinois business.

Before you can do that though you have to figure out what type of business structure you want to form. Your next major task is going to be registering your business with the state of illinois. The quickest way to register is online at mytaxillinois. File the correct paperwork with the illinois division of corporations called articles of incorporation. Choose a business idea.

In illinois most business are required to be registered and or licensed by the idor. 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. Write a business plan. Illinois department of revenue. Online applications have a two day processing time.

To obtain information contact. This may increase during peak periods. You can set up an llc in illinois for 500. Open a business bank account. Processing time for mailed applications is six to eight weeks.