Illinois Business Structures

Description:

What ownership structure choices do I have?
There are several ways to organize businesses in Illinois. They are Sole Proprietorships, General and Limited Partnerships, Limited Liability Partnerships (LLP), Limited Liability Companies (LLC), “S“ Corporations and “C” Corporations. Before selecting a business type, consult an attorney or accountant for assistance in determining which one is best for your business.

Source: State of Illinois Business Portal
Date Last Revisted: 12/04/09