Illinois LLC Simple Start Guide
If you’re thinking of starting your own business, you might be at the stage of forming your business structure and wondering how to start an Illinois LLC. While forming your first LLC can be a little intimidating, this guide will walk you through the process step by step. Related: Guide to starting a business in Illinois […]
How Much Does An LLC Cost In Illinois?
Starting a business comes with many costs, with one of the most basic being forming a legal structure. You may have heard that the Limited Liability Company is a good option for small business owners, and you’re right. While there are numerous business entity options, forming a Limited Liability Company (LLC) can offer the liability […]
How To Start A Series LLC in Illinois
As you consider how to organize your small business, you may realize that you have a series of business ventures that need to be treated individually yet are also linked. A Series Limited Liability Company (LLC) accounts for both the individual nature of each operation and the features common to all of them by providing […]
How to Form a Corporation in Illinois
The Corporation is a business structure that provides personal liability protection by separating the owner’s personal assets from the assets of the business. A corporation is liable for the actions and finances of the business, while the owners (known as shareholders) are not. Corporation Pros Corporations provide liability protection for the shareholders A corporation can raise non-debt […]
How To Get A Free Illinois EIN
Not every small business will need one, but a common registration for many businesses in Illinois is the Employer Identification Number, otherwise known as an EIN. This number is used as a business’s identification for tax purposes and is required for various business activities, such as opening a bank account, hiring employees, and filing tax […]
How To File An Illinois Annual Report
One requirement of maintaining an LLC or corporation in Illinois is filing an Annual Report each year. The Report confirms and updates the company’s information with the Illinois Secretary of State, such as the registered agent, address, and information of the officers, directors, members, or managers. Related: How to form an LLC in Illinois Who Needs […]
How to get an Illinois Certificate of Good Standing
How to get an Illinois Certificate of Good Standing A Certificate of Good Standing is a document issued by the Illinois Secretary of State showing the official existence and authority to do business in Illinois, in addition to business-related information. The certificate is only available for certain registered business entities such as the Limited Liability […]
Illinois Business License Basics
Starting a small business in Illinois often means registering with several federal, state, and local agencies. Let’s review common Illinois business license registrations so your business starts off right. Related: Guide to starting a business in Illinois Setting Up the Business Sole proprietorship: In Illinois, a sole proprietorship is an unincorporated business owned by a […]
Guide To Hiring Employees In Illinois
Hiring your first employee as a new business owner is both an exciting and frightening experience. Not only do you have a person relying on you to pay them so they can provide for their family while balancing the cash flow needs of your business, but there is also a lot of paperwork and laws […]
How To Get An Illinois Certificate Of Resale
An Illinois Certificate of Resale allows a business to purchase merchandise tax-free from suppliers for the purpose of reselling the merchandise. In order to not pay sales tax, the retailer will need to provide an Illinois Certificate of Resale (also referred to as a Resale Certificate) to their vendor. Learn how the Illinois Certificate of […]