Mandatory Business Licensing

When you're caught up in the thrill of launching a new business, the need for licenses and permits is often forgotten. However, licenses and permits are mandatory.  Before you can legally start any new business operations, you must have all necessary licenses and permits in place. If your business has employees or sells taxable goods or services, you may also be required to register with the taxing authorities for your city, county or state.

Unfortunately, governments do not offer one place where you can go and get all your licenses, permits and tax registrations. In fact, obtaining all the requirements can be a confusing and time-consuming obstacle.  Many entrepreneurs turn to the pros at Corporate Business Solutions  who partner with a tax group focused on entrepreneurs whose attorneys are licensed to practice law in all the states for their assistance in what can be a confusing process.

Who Issues Business Licenses? Business licenses, permits and tax registrations are issued and administered by all levels of federal, state and local government. You may need licenses for each governmental level. 

Why Is a Business License Mandatory? Licenses are required for three main reasons:

• To identify your business and make sure you are accountable for all business actions
• To protect the health and safety of the public
• To keep track of your finances for tax purposes

What Are the Penalties for Not Being Licensed? Not being compliant with all licenses, permits and tax registrations could leave you unprotected legally, may lead to expense penalties and can jeopardize your business, including: 

• You cannot open your new location 
• Your location may be padlocked 
• You may be hit with costly penalties and interest, or even personal liens

What are the Common Licenses, Permits and Tax Registrations? Common licenses, permits and tax registrations that a business may need include, but are not limited to:

• Business License
• Home Occupation Permit
• Zoning Permit
• Building Permit
• Health Department Permit
• Sales Tax License
• Sellers Permit
• Fire and Police Department Permit
• Withholding Tax Registration

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.