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-   -   Daycare License to Owner or LLC (https://www.daycare.com/forum/showthread.php?t=93904)

fasuam 11-26-2020 11:08 AM

Daycare License to Owner or LLC
 
Hello All,
First time members , so good to be here !!
We are planning to start a daycare in our new home basement (walk-out with kitchen, fridge and bathroom). We already have an LLC which we are planning to declare as the owner of the Daycare when licensing it with the Illinois DCFS .
Question is, that is it possible to license the Daycare to a LLC rather than a person ?

Thanks

284878 11-26-2020 03:24 PM

Quote:

Originally Posted by fasuam (Post 723822)
Hello All,
First time members , so good to be here !!
We are planning to start a daycare in our new home basement (walk-out with kitchen, fridge and bathroom). We already have an LLC which we are planning to declare as the owner of the Daycare when licensing it with the Illinois DCFS .
Question is, that is it possible to license the Daycare to a LLC rather than a person ?

Thanks

My best guess would be no but it may also vary by state. I recommend you contact Tom Copeland, either through this forum or directly through his blog at www.tomcopelandblog.com

Michael 11-27-2020 08:13 PM

Yes, it is smart to separate your business from your personal finances. Here are the Illinois standards for starting a family daycare: https://www.daycare.com/illinois/lic...are_homes.html


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