How To Start A Business In Illinois
Entrepreneurship in Illinois
Illinois natives have invented numerous everyday basics from the original brick cell phone to the zipper. In fact an Illinoi socialite from the 1880’s named Josephine Cochrane invented the first mechanical dishwasher. It's no wonder so many great entrepreneurs have come from Illinois.
With people like John Deer (founder of Deer and Company), and Charles Walgreen (Founder of Walgreens) to look up to, the people of Illinois love to lead entrepreneurial teams that change the world.
Home to the bustling metropolis of Chicago and the first Mcdonlands, the land of Lincoln is a great place to start your small business.
Registering Your Business
Registering your business is one of the first steps to success.
And with Illinois’s 150 dollar fee for starting an LLC, it's important you get it right.
Decide what kind of model is right for you (LLP, LLC, Corporation, Sole Proprietorship). Most small businesses start with an LLC. If you’d like an LLC, S-Corp, or C-Corp done for you, we’d be happy to do that on your behalf.
Before you start your business, look around to understand the market in Illinois.
With an abundance of rich natural resources, Illinois has a ton of business potential.
According to TaxFoundation.org, Illinois ranks a solid 13th in the individual income tax rank.
Another good way to understand Illinois’s market is to visit your local Chambers of Commerce.
You can use your local chamber of commerce to identify opportunities and threats in your local community. It’s a great way to get started on the bottom 2 quadrants of your SWOT analysis.
We’d recommend looking through it and identifying competitors in your industry, and identify the points of parity you need to live up to, and how to better leverage your points of differentiation.
Illinois is full of hard working people that can be amazing assets to your company.
Unemployment rate in Illinois:
Information from Illinois.gov
Average annual salary in Illinois:
28.40 dollars an hour
Information from Zip Recruiter
Education levels for residents of 25 and older:
High school degree or higher:
Bachelor degree or higher:
Information from World Population Review
Price index yearly growth: 10.63%
Medium house price: 194,500 dollars
National average house price: 269,039 dollars
Illinois is a unique place to start a business. We hope that the resources and points we brought up here will help you start a business there.
If you’d like to dive deeper into how to start a business, check out our much longer article How To Start A Business. Use both of them to get started on the right foot from day one.
About the Firm...
Miller IP Law is a firm that focuses on small businesses, startups, and entrepreneurs/solopreneurs. We’re easy to use. We offer affordable pricing that’s transparent and flat-rate. We focus on the little guys who actually need our help. If you’d like an attorney on your team, simply schedule a Zoom call, and we’ll take care of the rest.
Top Blog Articles
Want to chat more about this topic, or got a burning question? Take advantage of instant chat and send us a direct message
Find Us On LinkedIn
About Our Firm…
Miller IP Law is a group of attorney's, based out of Mountain Green, Utah, who are excited to help you build your business and further innovate market places and economies. Please consider looking at our services, billed at flat rate, and be sure to grab a free strategy session to meet with us!
Get weekly stories and information about protecting intellectual property with our e-mail Newsletter today!
Need To Get In Touch With Us?➡
Schedule A Free Strategy Session Today…
Flat Fee Pricing
Straightforward for Patents and Trademarks