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Step 1: Select a business name. Any Illinois partnership must operate with a unique name. ... Step 2: Register the business name. ... Step 3: Complete required paperwork. ... Step 4: Determine if you need an EIN, additional licenses, or tax IDs. ... Step 5: Get your day-to-day business affairs in order.
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Learn how to form a Business Partnership in Illinois (aka General Partnership). Learn the pros and cons of staring a Partnership. The types of partnerships offered in Illinois are compared below, with information highlighting the differences in liability and tax considerations. General ... This guide will inform you of various legal requirements and direct you to additional resources. If you have any questions contact the First Stop Business ... Explains business agreements for partnerships, LLC's, corporations, and family members. The Official Illinois Secretary of State collection of Business Services Limited Liability Partnership publications and forms. Here's an overview of the key steps you'll need to take to start your own business in Illinois. 1. Choose a Business Idea. Take time to explore and research ... The filing fee is $5. 3.) Draft and sign a Partnership Agreement.Although Illinois law doesn't require a Partnership Agreement, it's wise to ensure all partners ... The most common forms of business organizations today are sole proprietorship, corporation, partnership and limited liabil- ity company. This guide assumes you ... We cover the steps every business needs to follow to get started in Illinois. Learn what you need to know about starting a company in Illinois, from licenses and permits to taxes and insurance.
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