Starting a new business can be both exciting and stressful.
There are many practical issues to consider when starting a
business, such as location, size and state, local and federal
regulations.
It is of the utmost importance that you are aware of all
the rules, regulations and requirements before you begin your
endeavor. Ensure that you have all necessary licenses, permits
or registrations applied for and approved before you open your
door for business. The first place to begin your search is
with the local governing body. Check to find out if a business
license is needed, what the zoning regulations are, sign
regulations, etc. You may find a building or site you think
will be a great location only to find out later that the type
of business you wish to establish is prohibited by the zoning
designation of the property.
You may also wish to ask the local governing body what kind
of incentives they have for your type of business. Most cities
encourage development by establishing Tax Increment Finance
Districts or Enterprise Zones (for more information on these
incentives refer to the Business Section of the City of Wood
River’s website). In Wood River, the Department of Building
& Zoning can assist you in assessing your particular
needs, help you locate a site for your business, discuss local
ordinances and regulations and much more. For more
information, call (618) 251-3100.
For state and federal regulations, you’ll find many of
the answers to your questions in the Guide
to Starting a Business in Illinois, put together by the
Illinois Department of Commerce and Community Affairs.
Although this guide offers a great deal of information, it
should not be used as the sole reference when starting a
business. Legal rules and regulations are constantly changing;
updates can be obtained though the many state agencies that
are listed within this handbook.
In addition, the United States Small Business
Administration website is filled with information.
Click here to visit their website.
