Q: How much does it cost to get a full liquor license in Illinois/Missouri?
I want to open up a bar and grill in either Missouri or Illinois or both. How do much would it cost in either state and what's the process? Will i need to take classes? And what's the best business structure to go with?
A:
There are several types of liquor licenses in Missouri. The type you get will depend on many factors. You will have to apply for the license, pay the fees, purchase a bond, at a minimum. It is a process that takes time, including a background check and fingerprint check.
The format of your business will also depend on several factors. How many owners there are, whether the arrangement is among family members, whether you plan to expand in the future, And how best to maximize your tax Deductions.
A business venture like you are contemplating really should be done with the help of a lawyer and an accountant.
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