• Home
  • About
  • Contact Us
  • Services / Pricing
  • Client Login
  • Important Links
  • More
    • Home
    • About
    • Contact Us
    • Services / Pricing
    • Client Login
    • Important Links
  • Home
  • About
  • Contact Us
  • Services / Pricing
  • Client Login
  • Important Links

Welcome

Here are some helpful links for small business owners or individuals in the process of opening up a business

Helpful Links as you open your new business

Other helpful links for new business owners or individuals in the process of opening a business

Federal Employer Identification Numbers

Obtain Federal Employer Identification (FEIN or TIN) numbers


IRS.Gov/Business

Open your LLC in Illinois

IL Secretary of State where you can form your LLC if you are starting a business in Illinois


ILSOS.gov

File your BOIR ** Important for new businesses

All new businesses have 90 days to fill out your BOIR after opening. Any business formed before 2024 has until 12/31/24 to do this. There are many websites offering to do this for small business owners, but it is a straight forward process, only requiring your license to finish. The link below is straight to FINCEN's website to self report. 


Beneficial Ownership Information Report 

Illinois Business registration

Register your new business in Illinois and open up a My Tax Illinois account once your Form REG-1 is accepted. 


IL Dept of Revenue

Important Forms

Some quick links to helpful IRS forms

IRS W4 form

Employees must complete Form W-4 so that you can withhold the correct federal income tax from their pay.


IRS W-4

IRS W-9 form

Before you pay anyone, it is good practice to be in the habit of requesting a W-9 to know who needs a 1099 at year end.


IRS W-9

Copyright © 2025 Compass Rose Accounting, LLC - All Rights Reserved.

Powered by

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept