- 1 How much does it cost to get a business license in Illinois?
- 2 Does Illinois require a business license?
- 3 How long does it take to get a business license in Illinois?
- 4 Does an LLC need a business license in Illinois?
- 5 How much does LLC cost in Illinois?
- 6 Is an LLC and a business license the same thing?
- 7 How long does it take for an LLC to be approved in Illinois?
- 8 How much does an Illinois liquor license cost?
How much does it cost to get a business license in Illinois?
The fee to incorporate in Illinois is $125.00 with an additional fee for expedited filings. Before hiring any employees or making any sales or purchases, you must complete the REG-1 State of Illinois Business Registration Application with the Illinois Department of Revenue.
Does Illinois require a business license?
Not every Illinois business needs a license. However, many types of business either can or must get one or more license or permits. In addition to licenses and permits issued by the state, some required business licenses are issued locally. The requirements vary depending on the city or county involved.
How long does it take to get a business license in Illinois?
If you register by mail or fax, you should receive your Certificate of Registration or License in approximately 6-8 weeks.
Does an LLC need a business license in Illinois?
Illinois does not issue business licenses at the state-level, but you may have local requirements for licenses and permits, which may be enforced at the county, city, and local level. Contact your county, city, and/or town: You’ll need to contact the county, city, and/or town where your LLC will be doing business.
How much does LLC cost in Illinois?
Registration costs. Forming an LLC in Illinois involves filing articles of organization with the Secretary of State, and paying a registration fee of $150. Illinois LLC annual fees are $75.
Is an LLC and a business license the same thing?
A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.
How long does it take for an LLC to be approved in Illinois?
It normally takes 3-4 weeks for the LLC paperwork to be approved in Illinois. Expedited processing (typically 1 business day) is also available for an additional fee.
How much does an Illinois liquor license cost?
The cost of an Illinois Retail Liquor license is $750.00. In connection with the state application, you must provide a photocopy of your local liquor license, Sales Tax number/Illinois Business Tax (IBT) number, and Federal Employer Identification Number (FEIN).