We are happy to learn of your interest in Hillsboro!
It is important to anyone contemplating a new business, or the expansion of an existing firm, to get off to a good start. This outline is designed to assist you in avoiding unnecessary delay, expense and effort.
We can be of assistance to you in the planning stages of your new venture and are here to help. A most important first step is to seek the advice of professionals in matters of law, accounting, real estate, insurance and banking. We can direct you to the information sources best qualified to assist you.
After you are established, we hope you will be joining your fellow Businesses in the Chamber of Commerce and take an active part in community efforts to make Hillsboro a better place in which to live, work and play.
John Downs, Mayor
City of Hillsboro
Business Information Services
City of Hillsboro
Contact: David Booher, City Clerk
447 S. Main St.
Hillsboro, IL 62049
Phone: (217) 532-5566
Fax: (217) 532-5567
Incentives offered: Enterprise Zone, Municipal Revolving Loan Fund, One-Year Free Water and Sewer for Retail Businesses Generating Local Retail Tax
Hillsboro Chamber of Commerce
447 S. Main St.
Hillsboro, IL 62049
Phone: (217) 532-5566
Fax: (217) 532-5567
Provides material on Government, community facilities, demographics, and statistics. Assists in marketing, site selection, resource selection, etc.
Montgomery County Economic Development Corporation
#1 International Park Drive
P.O. Box 213
Hillsboro, IL 62049
Phone: (217) 532-3941
Email
www.montgomerycountyillinois.org
Offers professional services in site selection, workforce demographics, general demographics, community profiles and information on area employers
Montgomery County Enterprise Zone Administrator
Christine Daniels
Phone: (217) 532-9577
Provides information on county incentives
Sandy Leitheiser, County Clerk
#1 International Park Drive
P.O. Box 595
Hillsboro, IL 62049
Phone: (217) 532-9530
www.montgomeryco.com
Register with the Montgomery County Clerk's Office and pay a $5 filing fee
Small Business Administration
3330 Ginger Creek Road, Suite B
Springfield, IL 62711
Phone: (217) 793-5020
Fax: (217) 793-5025
www.sba.gov
Federal and State Forms Needed to Get Your Business Started
The first thing to do is call the Small Business Hotline, 1-800-252-2923 to receive a Business Start-up Kit. Items included in the kit are essential information and forms to start a Business in Illinois. A few key areas are highlighted below:
Federal Employer Identification Number, Form SS-4, can be obtained from the IRS, located at the 3101 Constitution Dr. Springfield, IL 62704 . When your SS-4 has been processed, you will receive your Employer Identification Number, your Federal Tax Deposit Slips - FTD 501 and FTD 508- and relevant information about withholding taxes. For further information, call toll free, 1-800-424-FORM (3676).
Illinois Certificate of Registration registers you as a Business in the State of Illinois and requires you to collect a sales tax on retail and certain other types of activities. You may be required to post bond for the first 3 months’ estimated sales tax revenue. An application can be obtained from the Illinois Department of Revenue, located in the Willard Ice Building, 101 West Jefferson Street Springfield, Illinois 62702
Assumed Name Certificate - Businesses in Montgomery County are required to file an assumed name certificate with the County Clerk’s Office and have the name published in local newspapers. Forms are available from the County Clerk’s Office, located in the Montgomery County Courthouse, #1 Couthouse Square, Hillsboro, IL 62049, 217-532-9530.
If you plan to form a corporation through which you would conduct Business, a Business Corporation Application, Form BCA-47, must be filed by all domestic corporations with the Illinois Secretary of State’s Office. An annual report is then required by March 1 for all corporations after the initial year. Mail to: Illinois Secretary of State, Centennial Building 3rd floor - Corporations, Springfield, IL 62756, 217-782-7880.
Report to Determine Liability for Unemployment Insurance, Form UC1 - Every Illinois employer is required to file this report with the Illinois Department of Employment Security, Division of Unemployment Insurance, 1106 Airport Trail, Litchfield, IL 62056, 800-244-5631
