By | March 9, 2022

Extracurricular activities such as athletics, special interest groups, and academic societies can enrich the college experience and foster connection among students. Explore our numerous degree and certificate programs designed to set you up for success. Our hands-on, engaging courses prepare you with skills you can apply in a new career or as you continue on to a four-year university. Information concerning the First Stop Business Information Center can be found on the World Wide Web at IEN Business Information Center.

To learn more about which Illinois Small Businesses Near Me licenses and permits you require, visit the Illinois Department of Commerce & Economic Opportunity’s website. Still, Illinois’ personal taxes are significantly lower than those of many other states, standing at a flat rate of 4.95%. For pass-through entities, such as LLCs, taxes are calculated as personal income rather than by the state’s corporate tax rate. However, the state is currently considering a measure that would create a graduated-rate personal income tax. That measure would have to be approved by voters, as it requires a change to the state’s constitution. Illinois is known for high business taxes, with a top corporate income tax rate of 9.5%.

The state is facing a deficit of more than $3 billion and has been forced to shed much-needed services and programs. For two years, lawmakers were unable to adequately address the issue; as a result, the state’s credit rating was eviscerated. The uncertainty in Springfield has left a bad taste in many entrepreneurs’ mouths. Kristina currently holds the positions Outreach and Alumni Director for 10KSB Chicago. She specializes in business development, start-up development, grant writing, social media marketing, WMBE Certifications, business plan & pitch deck creation.

This means that 100% of the business’s profits go to the owner; however, 100% of the financial liability should the business accrue debt or get sued falls on the owner as well. With the 5th-largest economy in the nation, starting a business in Illinois is a great choice for entrepreneurs. Start your business today with our simple step-by-step guide and get on the fast track to financial and personal independence.

Drive social media engagement and create stronger bonds with your customers. The size or industry of your business does not matter when it comes to getting your business online. To file the Articles of Organization for an LLC in Illinois, you must submit your formation documents to the Secretary of State online or by mail along with the $150 filing fee. The COVID-19 vaccines are safe and effective, and are an important tool for ending the global pandemic. Vaccines protect you and the people around you, reducing the spread of COVID-19.

Partnering with our students and their families, we’ll deliver a financial aid package personalized to fit your needs. In addition to the business services of the Illinois SBDC at SIU, there is assistance to help businesses sell their products and services to the government through the Illinois Procurement Technical Assistance Center at SIU. Expert small business guidance and connect owners to vital resources needed to compete, grow, and succeed in Lee, Whiteside, Ogle, and Carroll Counties. We provide confidential, professional business advice, strengthened by our experience, expertise, and specialized training. South Side Pitch is a business plan competition for emerging businesses in Chicago’s South Side. Organized by the University of Chicago Law School’s Justice Clinic on Entrepreneurship, the competition is open to companies with less than 50 employees and $1 million in revenue.

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