What Permits and Licenses Do I Need to Start a Business in Illinois?

IL business attorney, Illinois business lawyer, starting a business in ILWhen you decide to start a business, you will experience many challenges and important decisions early on, from securing funding, to attracting clients, to determining the type of business entity you should establish. As you go through the process, you should be sure not to overlook the importance of obtaining the permits and licenses your business will need to operate in compliance with the laws and regulations for your area. A business law attorney can help you identify the permits and licenses you will need and guide you through the process of getting them.

Common Business Permits and Licenses

Different permits and licenses are necessary depending on your business’s location, industry, and the products or services you provide. There are likely others that your business will need to pursue, but some of the most common examples include:

  • Building permits: When deciding on a location for your business, you may need to obtain a building permit for the new construction of a building or addition or the remodeling of an existing space. Specific building permit requirements can vary from county to county, but in general, you will need to ensure that your space meets health and safety requirements and that your type of business is acceptable for the location’s zoning requirements.
  • Sales tax permits: If your business will sell tangible products or certain kinds of services in Illinois, you will need to register through the Illinois Department of Revenue to obtain a sales tax permit. Your registration must include any location from which you will sell, and if you expect to have significant sales outside of Illinois, you may need to apply for a permit in other states as well.
  • Liquor licenses: If your business will sell, produce, or distribute alcoholic beverages, you will likely need to obtain liquor licenses with multiple entities. Alcohol sellers, such as restaurants, bars, and liquor stores, will need a local license for the municipality in which they are located, and alcohol producers and distributors will need a federal permit from the Alcohol and Tobacco Tax and Trade Bureau. All alcohol businesses in Illinois will also need to obtain a state license through the Illinois Liquor Control Commission.

Contact a DuPage County Business Law Attorney

If you know that your new business will need any of these permits or licenses, or if you need help understanding and obtaining any additional licenses, The Illinois Law Office of Stock, Carlson & Duff LLC can assist you. We are committed to helping Illinois entrepreneurs achieve their business goals while maintaining appropriate legal standards. Contact a Wheaton business law attorney today at 630-665-2500.

 

Sources:

https://www2.illinois.gov/business/registration-licenses-permits#k=#s=49

https://www.dupageco.org/building/

https://www2.illinois.gov/rev/research/publications/pubs/Documents/pub-113.pdf

https://www2.illinois.gov/services/ILCC/Liquor%20License%20Forms%20and%20Applications

Should I Franchise My Illinois Business?

Illinois business lawyer, IL business attorneyIf your business is growing more and more successful by the day, you may be thinking about franchising. The benefits of franchising your business can be enormous, but franchising before you are ready can be disastrous. It can be hard to know whether now is the right time to expand your business. As with any business-related decision, the decision to franchise should not be taken lightly. You will need to take an honest look at your business’s strengths and weaknesses as well as your own ambitions and personal goals before you can know whether franchising is right for you.

Is Your Business Replicable?

Franchising can be a great way to expand your company without needing a large capital investment. However, not just any business is able to be successfully franchised. Is your business unique enough to be marketable?  Do you have a sustainable competitive advantage? Even more importantly, how replicable is your business? If the success your business has enjoyed so far is the result of a smart business model and unique, in-demand products and services, you may be able to replicate this success in a second location. However, if the business’s success is the result of its current location or your own dedication to 15-hour workdays, you may not be able to duplicate the success in a franchise location. Keep in mind, a franchise location must be lucrative enough to pay royalties and still leave the franchisee with a decent profit.

How Involved Are You in Day-to-Day Operations?

Another key question to ask yourself when considering franchising is what you want your own role to be in your business. If you are the type of business owner who likes to personally open and close shop every day, how willing are you to take a step back from daily operations in favor of a management position? Being a franchisor will involve a great deal of time and energy. There may simply not be enough time in the day for you to continue having a high level of day-to-day involvement in the original location while also managing franchise locations. On the other hand, if you have a staff with the leadership skills and business knowhow to run things in your absence, you may have the freedom to take on the responsibilities of being a franchisor.

Contact an Illinois Business Lawyer

At Stock, Carlson & Duff LLC, each of our skilled Wheaton business law attorneys have more than 40 years of legal experience. Whether you need help with franchising your business, buying or selling a business, creating an effective employee contract, or other business law needs, we will provide legal guidance you can depend upon. Call our office today at 630-665-2500 today and schedule a confidential consultation to learn how we can assist you.

Sources:

https://www.entrepreneur.com/article/71886
https://www.forbes.com/sites/stevenbeagelman/2019/03/28/how-and-when-to-franchise-your-business/

What Should Small Business Owners Know About Succession Planning?

succession, DuPage County bueiSuccession planning refers to passing on ownership or leadership roles in a business. If you are a small business owner, proper succession planning can help you avoid many of the negative consequences of a sudden change in ownership or management. Even if you do not plan to give up ownership in the immediate future, it is never too soon to get started on a business succession plan. Once you are ready to move on to a new business venture or retire, the plans for selling or passing on the business will already be started. Ideally, succession planning should be an ongoing process that is updated as your business changes and grows.  

Hire Employees Capable of Taking on Leadership Roles

Sometimes, a business owner wants to keep a business in the family. He or she may have an adult child or other relative that he or she hopes will eventually take over the business. However, passing the business to a family member is not always be the best option. It is also possible that the intended recipient of the business decides that he or she does not want to be a business owner. This is why it is crucial that business owners hire employees who are capable of filling leadership roles as they become available.

Choosing an employee as your successor is not the right choice for everyone, but it does come with certain benefits. If your successor is an employee, you will have time to properly train him or her and set the business up for success—even if this success occurs in your absence. Furthermore, if employees know that there are opportunities for advancement and even the chance of being an owner, they will be more inclined to put in the maximum effort at their current jobs.

Be Proactive Instead of Reactive

It is an upsetting possibility to consider, but have you ever considered what would happen to your business if you become seriously ill or passed away? There are some situations in which succession planning is obviously necessary, such as when an owner or manager is planning to retire, but sometimes an unexpected event forces the need for a change in leadership. Proper succession planning will give you the peace of mind that even if something happens to yourself or a valuable member of your team, your business will not be left without a leader.

Contact a Wheaton Business Succession Attorney

Succession planning is not only about choosing a successor but also developing a business that will be able to run smoothly even when major changes take place. For dependable legal guidance regarding succession planning and other business needs, contact a knowledgeable DuPage County business lawyer from Stock, Carlson & Duff LLC. Call our office at 630-665-2500 and schedule a confidential consultation.

 

Sources:

https://www.investopedia.com/terms/s/succession-planning.asp

https://www.sagepeople.com/about-us/news-hub/succession-planning-strategy-effective/