T.,
This link may be helpful to you to get information about licensing if you choose to go that route. If you live in Will County, it is the agency you would go through:
http://www.childcarehelp.com/
I watch children in my home, but am not licensed. I have 1 child of my own and can keep two others each day being non-licensed. It's a long process to get licensed, but if you want to, the above link is who you go through.
Feel free to contact me if you need information about creating a contract for daycare or anything.
I've decided to go back to teaching part-time this fall, so I'm not going to be watching kids full time anymore, but it has been great for income and saving on gas to work, new clothes, eating lunch out, etc.
Good luck,
Kim