Illinois Business Startup Guides

Open a Business in Lanark, Illinois

Need help starting a business in Lanark, Illinois? We've got the information you need to open a business in Lanark.

Lanark, Illinois Demographic Information

Lanark has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Lanark demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lanark.

Business Size
# of
1-4 Employees
5-9 Employees
10-19 Employees
20-49 Employees
50-99 Employees
100-249 Employees
250-499 Employees
500-999 Employees
1000+ Employees
All Lanark Businesses

As a new Lanark entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lanark for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.

Business Type
# of
Beauty Salons
Beer, Wine, and Liquor Stores
Boat Dealers
Business Associations
Child Day Care Services
Electrical Contractors
Exterminating and Pest Control Services
Finish Carpentry Contractors
Full-Service Restaurants
General Automotive Repair
Hand and Edge Tool Manufacturing
Heating Oil Dealers
Home Centers
Landscaping Services
Libraries and Archives
Limited-Service Restaurants
Masonry Contractors
Meat Markets
Motion Picture and Video Production
Office Administrative Services
Offices of Dentists
Offices of Lawyers
Offices of Optometrists
Painting and Wall Covering Contractors
Residential Remodelers
Temporary Help Services
Veterinary Services
Wired Telecommunications Carriers

Is a Franchise Opportunity Right For You?

Visit the business district of Lanark and you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?

We highly recommend you look into purchasing a franchise. We have many articles on franchises, such as Buying a Franchise. Get a thorough education on franchising by browsing all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Representative franchise opportunities include Body Access Pilates & Pedal Center and Build-A-Bear Workshop. Alternatively, you can browse franchise categories, such as Video and Photography Franchises and Florist Franchises.

Note on Lanark Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Lanark.

Have You Considered Buying an Existing Lanark Business?

If you have some capital to play with, you may want to Buy a Business in Illinois. Follow that link and you may find several good businesses for sale in Lanark.

If you are intent on buying a business, you may want to read this article: How to Buy a Business.

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

On a final note, given that you are starting a business in Lanark, it's critical that you ensure that your company name has not already been claimed by another Illinois business.

Forming a Company in Lanark, Illinois

It's essential that you are forming a legal entity that operates independently from you. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very common way to legally create a business entity. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Illinois, you don't necessarily have to incorporate in Illinois. In fact, you can incorporate in any state you would like to. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as LLC Advantages. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Lanark, Illinois, our web page covering Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.

Improving Your Entrepreneurial Skillset

Good business owners recognize that they don't know everything.

With your business being located in Lanark, Illinois, you should check out some of the many programs available at nearby Illinois universities, colleges and community colleges. You should also check if there are any networking organizations for Lanark entrepreneurs.

Next Steps

As an entrepreneur in Lanark, you won't be working for the boss anymore. You are the boss.

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Lanark businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Lanark, Illinois

Here are more links that we believe will help you be successful in starting a business in Lanark.

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Additional Resources for Entrepreneurs

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Franchise Opportunities


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