Illinois is the center of America's center. Home state of Lincoln, home to vast agriculture, birthplace of the Blues Brothers and boasting Chicago, Illinois has long held its head up high. Businesses in Illinois will find only moderate state business license requirements. However, many cities and towns in Illinois have more depthful business licenses that can make setting up a business and maintaining compliance a substantial job.
In Illinois, broker-Dealers perform securities sales and purchases for commission. These agencies – often known as brokerages – are federally regulated and monitored. However, states also regulate securities firms and may have their own licensing process, if not additional fees brokers must pay on top of their federal licensing costs.