Small Business Guide

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Small Business Guide

Thousands of pages of information and tools to help you start, run and grow your business.

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Business Tools

  • Asset Protection
  • Business Finance
  • Employee Management
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Taxes on Business Income in Illinois

Illinois assesses a corporate franchise tax, two corporate level income taxes and a personal income tax. Also, if you're a corporation, you'll also have to pay $75 per year to file an annual report. So, if you operate a business in Illinois, then it is very likely that you or your business will be responsible for paying at least one of these fees or taxes. We recommend that you review the following discussions to determine which taxes will apply to your business.

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