What is Included in a Business License Report?
We provide all the licensing requirements and required applications based on the entity’s business type and jurisdiction. The business license report pulls all business licenses required to operate the company based on the federal, state, county, and local levels. Failure to acquire the appropriate licenses could mean that your business is out of compliance. This may result in fines, penalties, and even forced closure.
What is a Business License?
A business license approves your engagement in an industry limited to a specific territory. Federal, state, and local governments may regulate the activities of your business requiring one or more licenses. A license is an additional requirement beyond the formation of the business with the state. The licenses you need vary depending on the nature of the business, types of products you sell and the government regulations in the location of your business.
Who Needs a Business License?
All businesses require some licenses depending on the jurisdiction they operate in. Some general business licenses include: Basic Business Licenses, Payroll Tax Registration, Sales Tax Registration. If the industry you do business in is regulated then additional licenses may be required. Examples of industry specific licenses include: insurance, charities, and retail sales. You can view a full list of industry specific licenses here: https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits
How do I apply for a Business License?
File Now will ask a series of simple questions to prepare your Business License Report for you including:
- Where you will conduct your business
- Entity, Industry
- When you plan to launch your business
- # of employees
Then we will prepare all the application forms and instructions for you to download to your computer and submit to the proper licensing authorities noted in the packet.
Frequently Asked Questions
How do I know what type of License I need?
Figuring out what type of License(s) you need can be challenging. If you operate a business in multiple locations that may mean a whole new set of regulations that you need to make sure your business complies with annually. If you try to prepare the licenses yourself based on postings on websites for local authorities, you may end up referencing out dated information. Filenow will help simplify the process for applying for the proper Business Licenses in your area. Our professional team will research the requirements and prepare a comprehensive report including applications and instructions to make sure your business is compliant.
Can you start a business without a license?
All businesses require licenses to operate. If you don’t have the proper licensing you risk:
- You may not receive permission to open
- Your insurance coverage may be at risk
- Your customer contracts may not be legally binding
- Suspending your business from a particular industry
Does File Now issue business licenses?
Only a licensing authority on a federal, state, county, and local level can issue a valid business license. Filenow simplifies the process for you, researching all requirements and provides you with a comprehensive report including applications and instructions customized to your location, entity, and industry making filing for your business licenses easy.