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Why incorporate in Illinois?

Business Information & Rankings

  • Illinois ranks 7th largest tech economy in the nation. (Cyberstates, 2005)
  • Illinois ranks 1st in States for Biotech Growth (Laboratories of Innovation: State Bioscience Initiatives, 2004)
  • Illinois ranks 4th for "insourcing," or bringing in jobs to the state from foreign-headquartered international firms (Organization for International Investment, 2004)
  • Illinois ranks 5th in the number of privately-held, 50% or more women-owned firms in 2004, 4th in employment, and 5th in sales. (Center for Women?s Business Research)

Cost of living

For Chicago, IL (2005): Index Score
Composite: 103.9
Housing: 105.8
Utilities: 112.4
Misc. Goods & Services: 99.9


Crime Rate

Illinois has the 23rd lowest crime ranking in the U.S. (F.B.I., 2004)

Fees & Taxes

Business Inventory Tax

Business inventory is exempt.

Corporate Income Tax

Rate: 4.8%. An additional personal property replacement tax is imposed on corporations at the rate of 2.5% of taxpayer's net income.

Personal Income Tax

Rate: 3% of net income

Personal Property Tax

Exempt.

State Sales and Use Tax

Base Rate: 6.25%
Machinery Rate: none

There is an exemption for sales of machinery and equipment, including maintenance and repair machinery, for use primarily in manufacturing or assembling tangible personal property for sale or lease.

Unemployment Insurance

The new employers' rate in Illinois is 4.7% for 3 years.


EastBiz.com, Inc.
Our office is located at 5348 Vegas Dr., Las Vegas, NV 89108. About us.
Toll-free: (888) 284-3821
Office: (702) 871-8678
Toll-free fax: (866) 838-0363
Fax: (702) 387-3827

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