From idea to launching, to managing, to growing the US Small Business Administration has your covered. They also provide grants, financial assistance, contracting opportunities, compliance assistance, counseling, disaster assistance, and on line training.
All businesses must register with the Illinois Department of Revenue if you conduct business in Illinois. Includes sole proprietors and exempt organizations. If you will engage in a type of retail sales business, you must have a sales tax number (either an Illinois Business Tax number or a Retailer’s Occupational Tax number). Register and obtain sales tax number at Illinois . Gov.
Kishwaukee College provides resources and tools to small business owners, entrepreneurs and people looking to start a business. From creating a business plan to financial coaching, they will connect you with the resources and people who will bring your business to the next level.
The SBDC at Waubonsee Community College helps small business owners recognize growth opportunities through planning, promotion and profitability. They help new entrepreneurs assess the viability of their ideas and navigate the steps to getting their business up and running. Their services are no-cost, and provided by experts who have years of experience running a small business.
Provides information and compliance assistance as an employer about worker wages, and State labor and employment laws
Corporations and Partnerships require Federal Employer Identification Numbers (FEIN). A Sole Proprietorship may be able to use its Social Security Number. Visit the IRS website to obtain your FEIN.
Single state wide resource for entrepreneurs and businesses to obtain regulatory and permitting information. They also offer several grant and loan programs for large and/or growing businesses. Also offers an online resource guide for opening a business in Illinois.
Provides resources and information to ensure compliance with the U.S. Department of Labor (DOL) agencies.
The Illinois Department of Employment Security is the code department of the Illinois state government that administers state unemployment benefits, runs the employment service and Illinois Job Bank, and publishes labor market information.
Locally-imposed business taxes
Restaurant, Bar and Package Liquor Tax (2%)
On February 4, 2002, the City of Sycamore passed an ordinance establishing a Restaurant, Bar and Package Liquor Sales Tax that took effect May 1, 2002. The rate of tax is two percent (2%) of applicable taxable sales, which include “alcoholic liquor” and “prepared food items for immediate consumption.”
Applicable businesses are required to submit an ST-1 Form and Restaurant & Bar Tax Form to the City’s Finance Department on a monthly basis.
Click HERE to see the ordinance
Motor Fuel Tax ($0.02 per gallon)
Each Motor Fuel retailer in Sycamore shall have the duty to collect the motor fuel tax from each purchaser and pay it over to the city of Sycamore, along with a Motor Fuel Tax Form and ST-1.
Hotel/Motel Tax (5%)
The City of Sycamore imposes a 5% tax on rent charged for the privilege and use of renting a hotel or motel room within the City for each 24-hour period, or any portion thereof, for which a daily or other room charge is made.
Visit CityofSycamore.com for details.
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~ SYCAMORE CHAMPIONS FOUNDATION –
Our mission is to strengthen our community by investing in educational programs, workforce development initiatives, and small business growth while building permanence in the economic and civic fabric of Sycamore for generations to come.
We invest in the people, businesses, and opportunities that shape the future of Sycamore. We were established as a 501(c)(3), the Foundation advances charitable and educational initiatives that foster workforce development, small business growth, leadership training, and community well-being