My State LLC Illinois Accelerator

Build your Illinois business with a technical co-founder who takes equity, not hourly rates.

3
Portfolio companies
ASAP
Application review

Entrepreneurship in Illinois

322K
Business establishments (Census CBP 2023)
+0.0% YoY
$225
LLC first-year cost
#35 most affordable
Chicago
Entrepreneurship hub
151K
New business applications (2026 YTD (Jan to Sep))
+9.2% YoY
Business formation in Illinois, 2026 YTD (Jan to Sep) vs 2025 YTD (same months): 150,514 new business applications, +9.2% against the same months a year earlier, which is slower than the national +15.3%. That is 118.3 applications per 10,000 residents, which ranks Illinois 33 of 51 on that ratio.
A business application is an application for an employer identification number on IRS Form SS-4, so the count covers every entity type and is not a count of LLC formations. The per-capita figure divides that count by resident population and is ranked against the other 49 states and the District of Columbia; it is a ratio of two published totals, not a measure of how many residents started a business. Source: U.S. Census Bureau, Business Formation Statistics (BFS), business applications, 2026 YTD (Jan to Sep) vs 2025 YTD (same months).
Financial TechnologyFood & Agriculture TechnologyEnterprise Software

Built in Illinois

Companies that started here and made it big, proof this market works.

Relativity (legal tech)CameoGrubhub (founded Chicago)Braintree (acquired by PayPal)Groupon

What you get

Everything included in the equity partnership.

Full-stack product build
We architect and build your v1, database, backend, frontend, deployment. You get a production-ready product.
Business strategy & connections
Go-to-market planning, network introductions, and strategic guidance from someone with skin in the game.
Affiliate & service network
Direct access to our network of LLC formation services, registered agents, and business banking partners.

Companies we’ve built

We’ve shipped real businesses across e-commerce, content, and health, here’s a sample.

Snack Plushiessnackplushies.com

Full e-commerce platform, product pages, checkout, inventory, brand identity

Coffee Informercoffeeinformer.com

SEO content platform, programmatic pages, editorial system, organic growth strategy

GlaucoProtectglaucoprotect.com

Science-backed supplement brand, site, product architecture, launch infrastructure

Our partnership model

We take an ownership stake in your business instead of charging hourly. Our success is tied to yours, when you win, we win.

Tell us what you’re building →

Apply for the Illinois Accelerator

We review every application personally and get back to you as soon as possible.

Current stage *

Applying adds your email address and state to our accelerator mailing list, so we will email you about the program, and you can unsubscribe at any time (see our privacy policy).

Related guides

Accelerator programEquity partnership for LLC businesses →How to form an LLCStep-by-step formation guide →Best LLC formation servicesCompare formation services →State-by-state guidesFormation guides for all 50 states →
← Back to Accelerator

More for Illinois LLCs

Start and set up

Taxes, money and growth

Stay compliant

Operate in other states

Compare structures

By owner type

By profession