As the third largest U.S. city, based on population, Chicago is a great place to start a local service business—simply because there are so many potential clients. With more than 2.7 million residents in Chicago (and more than three times that in the Chicago metropolitan area), you have a huge audience to which you can market your services! Starting a mobile phlebotomy business in Chicago may be just the thing to do to secure your financial freedom.
Unfortunately, starting a business in the City of Chicago is not as simple as choosing a name for your mobile phlebotomy company and applying for a business license. There are a few steps you need to take before you can get an official business license from the City for your mobile phlebotomy business.
First of all, you need to determine the type of legal entity your mobile phlebotomy business will be. Most new mobile phlebotomy owners choose to start out as sole proprietors if they will be the only one working the business (or they will choose a general partnership if there are two people going in together on the business). Next, you will need to come up with a name for your mobile phlebotomy business and register that name with the Cook County Clerk’s office. If you want to set up your business as a Limited Liability Corporation (LLC), Corporation, Limited Partnership (LP), or Limited Liability Partnership (LLP), you will need to register your new business with the Illinois Secretary of State. If you’re not sure what type of business entity your company should be, you can consult with a small business attorney, tax accountant, or someone at the Small Business Center (SBC) near you. There are eight SBC locations throughout the City.
Next, you need to obtain an Employer Identification Number (EIN) from the federal government. This is also known as your Federal Tax Identification Number. You can do this for free online on the IRS website. You also need to get your Illinois Department of Revenue (IDOR) Account ID Number before you can conduct any business within the State of Illinois. Create an account on MyTaxIllinois in order to register your new business and get your IDOR number. Once you do these two things, you can move on to business license application process. There is an application fee, and you will also be required to pay any outstanding debts to the City or the State before they will issue you a license.
As you’re doing all of these things, you’ll also want to be laying some groundwork for your new mobile phlebotomy business. The most important thing to do is get the word out about your new business. You’ll want to network with places like doctors’ offices, senior living facilities, and local patient services centers that do not already provide mobile phlebotomy services. Let them know the types of services you will be offering and how they will benefit their patients. Having a professionally designed brochure or flyer that you can leave behind is a good idea, so they know how to contact you later when they are in need of your services.
There are also many other things to do before you are ready to start servicing patients. You need to acquire the right equipment, contract with a medical director, and possibly even apply to accept Medicare or insurance payments. If you are not quite sure how to do these things, it would be worth taking a look at this Comprehensive Guide to Starting a Mobile Phlebotomy Business. This helpful ebook will walk you through all of the vital tasks that need to be completed and the decisions that need to be made prior to opening your doors.
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