Business Entities

The decision to open your own office or to change its structure requires an understanding of the various types of business entities acceptable to the Illinois Department of Finance and Professional Regulation.  It is important to understand which entity offers you the most legal protection for your particular circumstance.  Below are a number of links to help you make an informed decision as to which is best for you.  It is also advisable for you to discuss your decision with an attorney and an accountant.

• Comparison chart of the various Business Entities

• The  State of Illinois Small Business Portal, ‘Starting a Business’  

• Kinds of Real Estate Licenses available for business entities

• IL Real Estate License Act –Rules Section 1450.85 regarding Corporations

• IRS Business Assistance

• Legal Safer Structures, From Realtor Magazine Online

• NAR Field Guide

• State of Illinois Small Business Portal

• UIC Center for Urban Business