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Your Illinois Business Tax Number Chicago Illinois or what is more commonly known as a Sales Tax Number is an eight digit number usually hyphenated in the middle. If you have one, it will be on any of the letters sent to your business from The Illinois Department of Revenue.
If you do not register your business and decide to move forward with a sole proprietorship or sole trader, you are essentially on the hook for everything. This means that if someone decides to sue you or you cause damage to property or bodily harm, you are 100% responsible for paying to settle those issues.
The "responsible party" is the individual or entity that controls, manages, or directs the entity and the disposition of the entity's funds and assets, unlike a nominee, who is given little or no authority over the entity's assets.
Register your business name in the Department of Trade and Industry (DTI) Prepare your business name. ... Confirm the availability of your business name. ... Fill up the online registration form. ... Pay the registration fee. ... Download your certificate.
You'll need one if you're going to hire any employees in the state of Illinois, and if you're going to sell taxable goods and services in the state. You'll also need one if you plan on owing excise taxes, which apply to regulated goods like alcohol and tobacco.
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Access the "Illinois Business Registration Application" (REG-1) form (see References 1). Use this form to apply for an Illinois taxpayer ID number for collecting and submitting sales tax to the Illinois Department of Revenue. You may also call 800-356-6302 to request an application or other tax forms.
Applying for an EIN for your LLC is free ($0) Applying for an EIN for your Illinois LLC is completely free. The IRS doesn't charge anything for applying for an EIN.
You can contact the Central Registration Division of the Illinois Department of Revenue directly by calling (217) 785-3707. If your business has been registered with the state, they can help you to track down your IBT number.
Illinois also has a 9.50 percent corporate income tax rate. Illinois has a 6.25 percent state sales tax rate, a 4.75 percent max local sales tax rate, and an average combined state and local sales tax rate of 8.81 percent. Illinois's tax system ranks 36th overall on our 2022 State Business Tax Climate Index.
Ask the IRS to search for your EIN by calling the Business & Specialty Tax Line at 800-829-4933. The hours of operation are 7:00 a.m. - 7:00 p.m. local time, Monday through Friday.

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