What legal steps should I take to start a new business in Illinois?

To start a new business in Illinois, there are several legal steps that you must take in order to comply with state law. Here are some important considerations:

1. Choose a Business Structure: The first legal step when starting a new business is to choose a business structure. There are several different types of structures, including sole proprietorships, partnerships, LLCs, and corporations. You should consult with an attorney or tax professional to determine the best structure for your specific business needs.
2. Register with the Illinois Secretary of State: Once you have chosen a business structure, you must register with the Illinois Secretary of State. Depending on the structure of your business, you may need to file articles of incorporation, organization or partnership agreement with the Secretary of State's office, along with registering for any necessary licenses and permits required by the Illinois Department of Revenue or other state agencies.
3. Obtain an Employer Identification Number (EIN): If your business has employees or if it is a partnership or corporation, you will need to obtain an EIN from the Internal Revenue Service (IRS). This number is used to identify your business for tax purposes.
4. Obtain appropriate licenses or permits: Certain types of businesses in Illinois require additional licenses or permits. You should research the requirements for your specific business and apply for any necessary licenses from the Illinois Department of Revenue, Department of Agriculture, or other state agencies.
5. Secure insurance for your business: Depending on your business structure and the nature of your business, you may need to obtain liability insurance, property insurance, or other types of insurance. Consult with an insurance broker for guidance on the most appropriate types of insurance to protect your business.
6. Comply with labor laws: If you have employees, there are several federal and state laws that you must comply with. You should consult with an attorney familiar with labor laws to ensure that your business is compliant with minimum wage, overtime, and other labor regulations.

Overall, starting a new business in Illinois requires careful planning and compliance with various state laws and regulations. Consult with an attorney familiar with Illinois business law for guidance and advice on the legal steps and best practices for launching your new enterprise in the state.