To operate a restaurant in Chicago, you will need to obtain a Business License from the City of Chicago. The Business License will depend on the type of restaurant and the specific operations that will take place within it.
If you plan to sell alcoholic beverages, you will also need to obtain a liquor license from the City of Chicago's Licensing Division.
The Business License application will require you to provide information about your restaurant's name, location, ownership structure, and type of business. You may also be required to provide your federal Employer Identification Number (EIN), your state tax ID number, and your Cook County tax ID number.
The cost of the Business License will depend on the type of restaurant and the specific operations that will take place within it. The City of Chicago offers a fee schedule that outlines the costs associated with different types of licenses.
Note that there may be additional requirements or restrictions depending on the location of your restaurant. For example, if you plan to operate a food truck, you will need to obtain a Mobile Food Dispenser license in addition to your Business License.
It is always recommended that you consult with an experienced business attorney to ensure that you are in compliance with all applicable laws and regulations. Additionally, it may be beneficial to consult with a certified public accountant (CPA) to understand the tax implications of your restaurant operations.
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