Step By Step Guide
This guide will inform you of various legal requirements and direct you to additional resources. If you have any questions contact the Business Information Center at 800-252-2923 or TDD: 800-785-6055 and a staff member will assist you.
1. Where Do I Start?
2. What ownership structure choices do I have?
3. Where do I register a business?
4. What are my responsibilities as an employer?
5. How do I protect my invention, product or idea?
6. Where can I go for help?
3. Where do I register a business?
Registering A Business Name
When the business name is different from the owner's full legal name, the "Assumed Name Act" requires you to register the business name with your county clerk's office, regardless to the structure of the business.
Business Tax Registration
Internal Revenue Service (IRS)
The Internal Revenue Service has information such as a checklist for a new business and selecting a business structure. Learn about operating a business with employees, deductions and credits, recordkeeping and accounting methods. Additional resources include the Small Business Tax Calendar, Tax Topics for Businesses, and Frequently Asked Questions. For more information contact:
Illinois Department Of Revenue (IDOR)
In Illinois, most business are required to be registered and/or licensed by the IDOR. If you plan to hire employees, buy or sell products wholesale or retail, or manufacture goods, you must register with the IDOR. To obtain information contact:
Local Tax Registration and Requirements
Some municipalities and counties impose their own taxes in addition to the state and federal taxes that most businesses are responsible for. New businesses should contact their local revenue department to determine if additional taxes apply to their business activities. Many communities restrict advertising, regulate pricing or require zoning permits. Contact your city or county clerk for information on local restrictions.
Licenses And Permits Required By Law
The Illinois Department of Financial and Professional Regulation (IDFPR) is the main licensing agency for the State of Illinois for most professions. Individuals must be licensed prior to conducting business as one of the listed professions.
To determine if your occupational activities are regulated contact the IEN Business Information Center at: ienconnect@mailmw.custhelp.com