City of chicago business change form 2025

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  1. Click ‘Get Form’ to open the city of Chicago Business Change Form in our editor.
  2. Begin by filling out the 'Account Information Before Business Change' section. Enter your IRIS Account Number, Site Number, Medallion Number, Business Name, Date Acquired, Owner Name, Business Address, F.E.I.N., Mailing Address, and I.B.T.N.
  3. If applicable, proceed to the 'Change in Business Name or Address' section. Input the new business name and address details including City, State, and Zip Code for both the new business and mailing addresses.
  4. In the 'Change of Responsible Person(s)' section, list any new officers or partners. Include their names and titles; attach additional sheets if necessary.
  5. For changes in operations that may affect tax obligations, detail these in the 'Change in Business Operations' section. Attach supporting documents if needed.
  6. If there has been a change in ownership, complete Section V with buyer information and check the appropriate box (Transferee or Transferor).
  7. Finally, review your entries for accuracy. Sign and date the 'Owner/Officer Statement' to certify that all information is correct before submitting via email or fax as instructed.

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Form NumberForm NameFee BCA 11.39 Articles of Merger, Between Illinois Corporations and LLC $100** BCA 12.20 Articles of Dissolution $5 BCA 12.25 Articles of Revocation of Dissolution $5 BCA 12.45/13.60 Application for Reinstatement of Domestic or Foreign Corporations $20044 more rows
Follow these steps to closing your business: Decide to close. File dissolution documents. Cancel registrations, permits, licenses, and business names. Comply with employment and labor laws. Resolve financial obligations. Maintain records.
General Steps for Closing a Business File the final tax return for your business. File a final tax return for employment taxes. Be sure to note on all tax returns that this is the final tax return. Process all required dissolution documents. Confirm your final tax liabilities.
A Chicago business license is required to conduct, engage in, maintain, operate, or manage any business in the City of Chicago. However, there are business activities regulated by the State of Illinois that may be exempt from City licensing.
Notify the Illinois Department of Revenue File your final Illinois income, sales, and withholding tax returns. Pay any outstanding tax liabilities. Close all tax accounts, such as your Illinois Business Tax (IBT) number.

People also ask

If you change the legal name or the Doing Business As (DBA) name of your business, please file an application to change this information with the SBC within 60 days of the change. Both the Change of Legal Name and Change of DBA application fee is $40.
When you close or sell your business, you must file final employment tax returns with the IRS. You also must file returns to report disposing of business property, to report the exchange of like-kind property, and/or to change the form of your business.
In the Windy City, the Chicago transfer tax is the responsibility of both the buyer and seller. However, this financial burden can fall solely on the seller in some Illinois communities. It can vary depending on your local market.

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