Successful business owners have a business plan. Successful business owners always have a close working relationship with their banker, attorney and accountant.
Small Business Development Assistance
The Village of Tinley Park is here to provide assistance to those wishing to start a small business.
- Prepare your business plan by setting up an appointment with the Illinois Small Business Development Center. Call (708) 534-4929 for more information. This service is available free of charge. You can meet at Village Hall.
- Learn how to finance your small business by setting up an appointment at Village Hall with the Illinois Small Business Development Center. Call (708) 534-4929 for more information.
- Make an appointment with the Tinley Park Economic Development office to review real estate, planning, financing and building requirements, as well as possible incentives. Call (708) 444-5030 for more details.
- Before you buy a building, buy a property or sign a lease, complete a Required Change of Use Application and bring it to the Building Department at Village Hall, 16250 S. Oak Park Ave., Tinley Park.
- Prior to opening a business you will be required to complete a Change of Use Application, arrange for Village building inspection, present any tenant build-out or building improvement/construction plans for review and approval, purchase any needed building permits, purchase a business license, and obtain a Certificate of Occupancy. Call (708) 444-5100 for more details.
Start-Up ‘To Do’ List
- There are no grants available for your start-up business.
- Know what type of business you would like to start and learn all you can about it.
- Appraise your business strengths and weaknesses. Be strict and objective.
- Prepare a comprehensive business plan, and include your action timetable. Free confidential assistance in developing your business plan is provided at the Village of Tinley Park. Call the Illinois Small Business Development Center at (708) 534-4929 to set up an appointment.
- Consult with experts. Establish your business partnership team including an attorney, banker, accountant and insurance agent.
- Conduct thorough research of potential customers, your trade or industry, your competition, your licensing and tax requirements, location and name.
- Determine the legal structure for your business. Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. Your attorney and accountant will assist.
- Secure necessary capital (bank loan, savings, borrow on insurance, angel investors, venture capital, etc.) Your banker will assist with options.
- Evaluate possible site locations. Call the Tinley Park Economic Development Office at (708) 444-5030 for assistance on real estate issues. Check zoning, physical condition, suitability, traffic flow, parking, utility requirements and cost. Determine if you should lease or own.
- Decide on your preferred business location. Do not buy or lease yet. Complete a required Change of Use Application at the Village of Tinley Park’s Building Department. Inspections will be made that will assist you in budgeting for any needed improvements to the property.
- Obtain needed facilities, equipment, furnishings, signage, supplies and stock.
- Recruit personnel. Establish job descriptions and training program.
- Decide on your business hours to meet demands of your customers and market.
- Print business cards, stationery, invoice or statement forms.
- Register the name of your business (your assumed name) and/or file articles of incorporation with the Secretary of State. Publish a notice in the newspaper. Your attorney will assist.
- Secure any necessary permits, licenses or zoning variations. Check with both local and state licensing agencies. From the Village of Tinley Park you will be required to obtain a business license, possible building permits and a Certificate of Occupancy Permit. Call (708) 444-5100 for more information.
- Register your business with the state and obtain a Sales and Use Tax Permit (if applicable). Your accountant will assist.
- Register for a federal tax number (Form SS-4) and obtain employee tax and withholding information from the IRS. Your accountant will assist.
- Establish a bank account (separate from personal account).
- If you intend to hire employees in your business, phone your Department of Economic Security or Workforce Commission.
- Phone the IRS for a free “Small Business Tax Kit” at (800) 829-3676. For information about free tax education workshops, call (800) 829-1040 or check out the IRS website for this information.
- Publicize your new venture. Effective marketing is important. Do not simply rely on “word of mouth.” Become active in business associations. Successful businesses require good, effective and consistent marketing.
Small Business Resources
Click on the below links for more information on how to start a small business.