Small Business Resources
Get Help Right Here at Home
Elgin Area Small Business Academy will provide you with six weeks of small business ownership fundamentals and assist you in expanding your network of contacts to help grow your business.
Elgin Development Group (EDG) A one-stop-shop for Elgin Area community resources and programs designed to help small businesses succeed.
Small Business Development Center (SBDC) If you own a small business or are considering starting one, the Illinois Small Business Development Center (IL SBDC) at Elgin Community College and Harper College offers free and low-cost assistance to help you succeed. And it's so easy - because SBDC holds office hours right in the Chamber office!
Getting Started in Illinois
Feasibility Checklist A Feasibility Checklist is a tool that is used to evaluate the potential success of a new or existing business opportunity.
How to Write a Complete Business Feasibility Study: A free Online Business Course with Step-By-Step Instruction
Gail Borden Public Library Access to premium research tools, such as databases, demographics, business insights, Illinois public records. Free legal forms, checkout equipment like an LCD projector, and use a copy machine or scanner.
Business Plan A Business Plan is vital in determining the credibility of a new business opportunity. It can be used as a management tool and may be required if financing is needed. It also demonstrates to prospective investors a well-defined course of action.
Illinois Small Business Development Center (IL SBDC) at Elgin Community College offers free and/or low-cost assistance
Build Your Business Plan: SBA's Free Business Plan Tool provides you with a step-by-step guide to help you get started. Requires registration
D'Amore-McKim Northeastern University: Guide to Writing a Business Plan
The Small Business Development Centers (SBDCs) are excellent resources for business and can be found here: SBDC website and offer a variety of services, training, and information to help businesses start-up and grow. Find an SBDC near you to learn more.
Procurement Technical Assistance Centers (PTACs) help small businesses expand into work with government contracting. For more information, find a PTAC near you.
Check out these Illinois workNet resources for small businesses:
- Start a Business Guide
- Entrepreneurship and Small Business
- 4 Ways to Grow a Local Family Business
- Recruiting & Hiring
- Employer Hiring Credits
Select an Ownership Structure
Ownership Structure There are several ways to organize businesses in Illinois. They are Sole Proprietorships, General and Limited Partnerships, Limited Liability Partnerships (LLP), Limited Liability Companies (LLC), "S" Corporations and "C" Corporations. Before selecting a business type, consult an attorney or accountant for assistance in determining which one is best for your business.
- Limited Partnership LP Forms
- Limited Liability Company LLC Forms
- Limited Liability Partnership LLP Forms
- "C" Corporation Corporation Forms
- "S" Corporation Corporation Forms
- Guide to Selecting Your Small Business Legal Structure
- Corp/LLC - Certificate of Good Standing Secretary of State Database of registered corporate names
Registering 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.
Business Tax Registration
Internal Revenue Service (IRS) 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.
- IRS Forms Distribution Center, Forms Distribution Center, PO Box 8902, Bloomington, Illinois 61702-8902, 1-800-829-3676, TDD: 1-800-829-4059
Illinois Department of Revenue (IDOR) In Illinois, most businesses 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: Central Registration Division, PO Box 19030, Springfield, Illinois 62794-9030, 1-800-732-8866, TDD: 1-800-544-5304
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. Elgin does not require local tax registration but does require Business Licenses. 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.
- Elgin Development Group Contact for restrictions on advertising, regulate pricing or require zoning permits and more.
- City of Elgin Business Licenses
Licenses and Permits Required by Law
The Illinois Department of Financial & Professional Regulation Licenses and Permits Required By Law The Illinois Department of Financial & 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.
Will You Have Employees?
Typically, a business is required to make unemployment insurance contributions to the Illinois Department of Employment Security (IDES) if they have: 1) employed one or more workers in each of 20 or more calendar weeks; or 2) paid at least $1,500 in total wages during the calendar quarter. Contact: Department of Employment Security, Division of Unemployment Insurance, 33 South State Street, Chicago, Illinois 60603, 1-800-247-4984 TTY: (866) 212-8831
Illinois Division of Professional Regulation
The Illinois Division of Professional Regulation (IDPR) is the main licensing agency for the State of Illinois. IDPR provides an on-line database listing individuals licensed through their agency.
Visit the IDPR website License Look-up to learn if an individual is licensed in a certain profession or determine if a licensed number is valid. For other business/professional licensing questions contact firstname.lastname@example.org
The Equal Employment Opportunity Commission (EEOC) is responsible for the enforcement of all anti-discrimination laws. These laws include Title VII of the Civil Rights Act of 1964, Equal Pay Act, Age Discrimination in Employment Act, Rehabilitation Act of 1973, Title I of the Americans with Disabilities Act, and the Civil Rights Act of 1991. Business owners should acquaint themselves with these laws because they affect the company's hiring practices. To order information on these laws, contact: EEOC Publications Office, PO Box 12549, Cincinnati, Ohio 45212, 1-800-669-3362, Fax: 513/489-8692, TDD: 1-800-800-3302, Material Orders Only TDD: 1-800-669-6820
Workers' Compensation Insurance
Under the Workers' Compensation and Workers' Occupational Diseases Acts, an employer is required to provide insurance for accidental deaths, injuries and occupational diseases of employees arising in the course of employment. Temporary workers who normally do not receive company benefits are still provided workers' compensation. Insurance generally is purchased through private companies. Companies can apply to the Workers' Compensation Commission to become self-insured. Get a free handbook or contact: Illinois Workers' Compensation Commission, 100 West Randolph, 8-200, Chicago, Illinois 60601, Toll-Free: 1-866-352-3033, 312-814-6611
Employment Service/Labor Market Information
The Illinois Department of Employment Security can assist you with finding new employees, human resource solutions and unemployment tax and report.
Wage Withholding for Child Support
The Illinois Department of Healthcare and Family Services is the Child Support Enforcement Agency for the State of Illinois. If you (as an employer) are served a Notice of Withholding, you are required by law to withhold a portion of an employee's income for payment of child support. For a copy of "Ensuring A Child's Birthright: An Illinois Employer's Guide to Income Withholding", contact: Illinois Department of Healthcare and Family Services, Division of Child Support Enforcement, Employer Verification Unit, PO Box 19405, Springfield, Illinois 62794-9405, 217-782-1380, TDD: 217-524-3148, In Cook County: 312-793-3289, TDD: 312-814-1580
Immigration Reform and Control
The Federal Immigration Reform and Control Act of 1986 requires every employer to keep on file a form for every employee certifying that employee's identity and work eligibility. For further Information contact: U.S. Citizenship and Immigration Services, 219 South Dearborn, Chicago, Illinois 60604, 312-353-7334, TDD: 1-800-767-1833
Required Posters for Illinois Employers
The Illinois Department of Labor's website has a listing of State and Federal posters employers are required to display in the workplace. Visit their website free downloads or for details on how to obtain each poster.
Protect Your Invention, Product or Idea
Trademarks, Patents, and Copyrights
A trademark, service mark or trade name is a word, name symbol, device or combination thereof, adopted and used by a manufacturer, service provider or merchant to identify goods and services in order to distinguish them from others. A patent gives legal recognition to the inventor, creator or discoverer of a new product, procedure or composition of matter. You may obtain a patent or federal trademark by fulfilling all the requirements of the U.S. Patent and Trademark Office. For more information, contact: The Harold Washington Library Center, 400 South State Street, Chicago, Illinois 60605, 312-747-4450, TDD: 312-747-4499
State trademarks, service marks, and trade names can be obtained through The Secretary of State, Business Services, Trademark Division, Room 328 Howlett Office Building, Springfield, Illinois 62756, 217-524-0400
A copyright is a form of protection provided to an author of original works including literary, dramatic, musical, artistic, sound recordings and certain other intellectual works. The Copyright Office, Library of Congress, Washington, D.C. 20559, 1-202-707-3000, TDD: 1-202-707-673