How much does it usually cost to begin a sole proprietorship in Chicago, Il?

Question

I want to begin a sole proprietorship for a website I own for web design. Does it usually cost a lot to start? I was going to go with a corporation or LLC, but with the cost of school I can't afford one of those. Also, once I get enough money rolling in can I "upgrade to a corporation?

Answer 1

Check with your local county clerk's office as business registration for sole proprietorships are done at their level. Fees will vary depending on your county.

Yes, you can upgrade to an LLC or corporation when the business proves to be a money maker and not a bust.

Check also with your county if your sole proprietorship can be allowed to operate several businesses. Normally you can register several businesses with different DBA or doing business as name or fictitious name, but all of them under your name.