Open your convenience store.Get every license in place.
Our office forms your grocery or convenience store company in any state, gets the EIN, runs payroll and keeps your books, and our agency insures the store, its inventory and your staff.
Reviewed by Orkun Ozkaymak, CPA, MBAClients in all 50 states and abroad
How to open a convenience store
- 1
Form the company and get an EIN
Our office forms your LLC or corporation in the state where you open and gets the EIN before you sign the lease or buy the store, so every license is issued to the company.
- 2
Register for sales tax
Register with your state's revenue department and get a resale certificate, so you can buy inventory from distributors without paying tax and collect tax on taxable sales.
- 3
Get food and city licenses
Most cities require a business license, and stores selling food need a retail food permit from the local health department after an inspection. Check the rules for your store address.
- 4
Add tobacco and liquor licenses
Selling tobacco or vapes usually requires a state retailer license and sometimes a city license. Beer, wine or liquor needs state and local liquor licenses, which some areas limit.
- 5
Insure the store and run payroll
Our agency quotes property, general liability, liquor liability and workers' compensation. Our office runs payroll and keeps your books in QuickBooks Online.
What our office files for you.Prices shown before you send.
Pick what you need on the request form. Ozfield's fees are shown here; government fees are passed through at cost.
- Illinois sales tax registration and resale certificate IllinoisRegisters the company with the Illinois Department of Revenue.$250
- Food service and health permit help IllinoisQuoted by our office
- Liquor license help IllinoisState and local liquor licenses.Quoted by our office
- Illinois tobacco retailer license IllinoisQuoted by our office
- City of Chicago business license IllinoisThe city fee is $500 or $1,000 for 2 years depending on the license type, paid to the city.$179
- Payroll and state unemployment setupPayroll accounts, state unemployment registration and your first payroll.Quoted by our office
Coverage in place on day one.Quoted by our agency.
Check the coverage you want on the request form and our insurance team sends quotes from multiple carriers. Nothing is bound without your OK.
- General liability
- Property
- Liquor liability
- Workers' compensation
The filings that come every year.
Our office keeps these on your calendar so nothing is missed. How we work with grocery and convenience stores →
Illinois sales tax
20th of each month. Form ST-1 with high rate, low rate and local grocery taxes.
Form 941 and state payroll
Quarterly. Withholding and unemployment.
Inventory count
Year end. Physical count and valuation for your return.
What new owners ask us.
Something else on your mind? Call 773-536-9272 and our office will help, in English or Turkish.
What licenses do I need to open a convenience store?
Do I need a license to sell tobacco and vapes?
Can I sell beer and liquor in my store?
How are groceries taxed?
Ready to start your convenience store?
Answer a few questions, see your estimate and send it to our office.