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Old 11-26-2020, 11:08 AM
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fasuam fasuam is offline
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Default 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
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Old 11-26-2020, 03:24 PM
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284878 284878 is online now
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Quote:
Originally Posted by fasuam View Post
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
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Old 11-27-2020, 08:13 PM
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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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