Chicago Illinois Small Business Startup Package

Category:
State:
Illinois
City:
Chicago
Control #:
IL-P109-PKG
Format:
PDF; 
Word; 
Rich Text
Instant download

Description

The well-planned launch of a business is vital to future business success. This package is designed to simplify the process of starting a new small business. The forms contained in this package are valuable tools that can be used to organize and track necessary tasks, create and present a business plan to potential investors/lenders, and more.



The Small Business Startup package contains the following forms:



Sample Business Plan Template



This form provides a guideline for you to fill in with the details of your particular business so that it can be used to seek funding and other participation. Sections are included for an executive summary, company description, market analysis, organization and management, service or product line, marketing and sales, funding proposal, financial projections, and more.



Checklist for Starting Up a New Business



This form is a handy checklist for the owner of a new business to use as a helpful tool in forming a new business. The form covers the stages of background planning, initial business transactions, and initial tasks that need to be accomplished to get the business up and running smoothly.



Projected Cash Flow Statement for Small Business Startup



This is a spreadsheet in Excel format that can be used in planning to start a new small business. It is an important tool that can be used to gain advantages with the management who controls the expenses, potential sources of borrowed money, potential equity investors, and the current shareholders.



Business Plan Slide Presentation



This is a Powerpoint slide presentation that outlines a business plan, with guidelines for adding your company's information to the slides. Topics covered include mission statement, management, business concept, competition, market strategy, financial plan, goals and objectives, and more. There are 13 slides included, which can be customized to fit your needs, and new slides can be added as needed.



Business Startup Costs Spreadsheet



This form is an Excel spreadsheet that can be used to calculate startup costs for a new business. It includes itemized categories for funding and costs, and is a valuable tool to help plan the financial aspects of your new business.



Customer Invoice Template



This is an invoice in Word format that allows you to itemize the product or service by quantity, description, and price. It includes shipping information and costs, taxes, as well as sections for notes and additional information. The top portion can be customized with your company logo and address, and contains a customer number, date, invoice number, and billing and shipping addresses.



Employment Application



This form is an employment application. Education, work history, criminal record, military service, and more are covered. The form provides that applications are considered without regard to race, color, religion, or veteran status.



Stand Alone Confidentiality and Noncompetition Agreement with Employee



A confidentiality agreement and covenant not to compete are important tools to protect your business interests. This form can prevent loss of customers and profits by protecting your production formulas, processes, and methods, business and marketing plans, pricing strategies, salary structure, customer lists, contracts, intellectual property, and computer systems.



Application for Name Reservation



File this name reservation form to reserve a unique business name for your corporation and prevent trade name infringement.








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FAQ

The filing fee is $150; make your certified check, cashier's check, certified public accountant's check, Illinois attorney's check or money order payable to the Secretary of State. If you own a foreign or out-of-state entity and wish to operate within Illinois, you must complete a Form LLC-45.5. The process costs $150.

To apply, head to the MyTax Illinois website. Businesses engaged in certain industries or professions may be required to obtain additional licenses or permits. This list includes a significant number of agricultural types of businesses, as well as beekeeping and waste management, to name a few.

FeeLLC 50.1Limited Liability Company Annual Report$75LLC 50.25LLC Request Form for Certificate of Good Standing and/or Copies of DocumentsLWCA 1.36Illinois Limited Worker Cooperative Association Act Statement of Change of Registered Agent and/or Registered Office$2547 more rows

Chicago has many things that make it unique, including Lake Michigan, a booming population, a thriving manufacturing industry, a prime location in the heart of the country and much more. Running a small business in the city is unlike anywhere else.

How much does it cost to form an LLC in Illinois? The Illinois Secretary of State charges $150 to file the Articles of Organization. You can reserve your LLC name with the Illinois Secretary of State for $25.

Incorporation: $150 filing fee + franchise tax ($25 minimum) + optional $100 expedite fee. The expedite fee is required if you file online.

The cost to start an LLC (limited liability company) online in Illinois is $150. This fee is paid to the Illinois Secretary of State when filing the LLC's Articles of Organization.

How to Start a Business in Illinois Choose a Business Idea.Decide on a Legal Structure.Choose a Name.Create Your Business Entity.Apply for Licenses and Permits.Pick a Business Location and Check Zoning Regulations.Review Your Tax Registration and Reporting Requirements.Obtain Insurance.

Top 5 Tips on Registering a Business in Illinois Forming an LLC costs $500 and a $250 annual fee. The fee for a corporation varies, but is usually $125 to start and $100 annually.

You must register with the Illinois Department of Revenue if you conduct business in Illinois, or with Illinois customers. This includes sole proprietors (individual or husband/wife/civil union), exempt organizations, or government agencies withholding for Illinois employees.

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Chicago Illinois Small Business Startup Package