Business License Benefits
From the perspective of the business, business licenses, permits and registrations are the documents that prove to its stakeholders that the business is allowed to operate in its jurisdiction, that its services and products are safe and sound, and that the business pays taxes to the proper authorities.
Companies Incorporated Business Licenses
What is the importance of business licensing? From the perspective of the business’ stakeholders, knowing that the business is licensed, and has secured the proper permits and registrations, assures the stakeholder that the business is legitimate and accountable.
What are the liability issues of business licensing? Why is liability protection important? Obtaining business licenses, permits and registrations for the right jurisdictions is critical for the business to open its doors and keep its doors open. Without the appropriate licenses, the business (and its owners) run the risk of breaking the laws and regulations governing their businesses which can cause serious civil and criminal penalties for the owners. At the very least, the business and its owners risk being hit with costly penalties, interest, and the possibility of personal liens, if the business did not have or maintain the proper licenses, permits and registrations. If the business is incorporated, generally the owners have liability protection which limits the personal risk of financial ruin. If a business owner does not secure the proper licenses, permits and registrations for the business, he may loose the valuable liability protections afforded by the incorporation of the business.
Busines License Service Customers
Compliance needs of business licensing - From a business shareholder’s perspective, limiting shareholder liability it serves a purpose in allowing huge sums of capital to be raised with less risk to the individual investors. If liability protection is threatened or lost by a business not securing the proper licenses, permits, and registrations, it may have difficulty securing the necessary funding to help the business grow.
Business Sector Served |
Business License Benefits |
| Small & Mid-Sized Businesses | Small and mid-sized businesses use Companies Incorporated's services because it is an efficient and economical way for the businesses to get started and keep on top of the frequent applications and renewals that are required in maintaining the licenses, permits, and registrations for each location that the business is doing business in. In addition, Companies Incorporated has a system that manages the complexity of researching, securing, completing and paying for the myriad of applications and forms each location, and each department needs, in order to keep operating. And for corporations who have licensing dispersed across different departments and locations, with different check requests for each form, Companies Incorporated simplifies this complex process that is constantly changing as the business is changing. |
| Enterprises | Enterprises use Companies Incorporated's services to efficiently obtain the licenses and permits online which avoid the need for internal check requests; find out which licenses and permits are applicable for any of their business types and locations; audit their licenses, permits and registrations for accuracy and to assure of timely filing and maintenance; and can act on behalf for all of their licenses, permits and registrations through an annual subscription keeping pace with the new location openings and acquisitions helping to maintain the enterprise’s growth rate. |
| Entrepreneurs | Entrepreneurs use Companies Incorporated's services to efficiently research, procure, complete and pay for business licenses, permits and registrations in the location they are establishing their business. The fee represents the cost of the filing plus, because of its efficiency, saves the entrepreneur time tracking down all of the licenses, permits and registration needed to get the business up and running. In addition, the services can reduced the entrepreneur's personal liability, and financial risk, by assuring the licenses are filed appropriately. |
| Incorporators | Incorporators use Companies Incorporated's services as a service for its customers that it is incorporating. Companies that are incorporating generally want to move quickly for many reasons --- getting new products out, staving off competitors, reducing the owner(s)' personal liability, or for financial or resource development reasons. Companies Incorporated business licensing services quickly help the new incorporated company to secure the right licenses, permits and registrations efficiently and effectively retaining its customer base by offering a complete solution. |
| Accountants | Accountants use Companies Incorporated's services to save time for their clients and time is money for accountants. Their clients often need help securing licenses and permits which can take a tremendous amount of time for the accountant trying to find out which jurisdiction is offering the needed licenses and permits, getting copies of the applications, completing then filing the applications followed up with several phone calls to the clients. Companies Incorporated offers a one-stop efficient service for time-starved accountants wanting to provide the best and most effective service for their clients. Companies Incorporated also supports the accountant’s audit function helping to research and file the appropriate licenses and permits for a client. To meet the needs of the accountant, these services are offered on a per project basis or with a volume discount. |
| Attorneys | Attorneys use Companies Incorporated's services to save time for their clients and time is money for attorneys. Their clients often need help securing licenses and permits which can take a tremendous amount of time for the attorney and their staffs with time-consuming research, getting current copies of the applications, then filing the applications followed up with several phone calls to the clients. Companies Incorporated offers a one-stop efficient business licensing providing the most effective service to the attorney's clients. Companies Incorporated offers services to attorneys responsible for maintaining their corporate client's licensing and permitting challenges by keeping the attorney's up to date with the latest changes from the numerous jurisdictions and changes in the laws affecting these licenses and permits. To meet the needs of the attorney, these services are offered on a per project basis or with a volume discount. |
| Licensing Authorities | Licensing authorities are interested in the online capabilities of Companies Incorporated business licensing services because it offers a way for remote license and permit applications from businesses offering services in their community but not located in their community. These services lower the internal maintenance and software costs with a web-based system that removes the challenges of remote businesses securing and maintaining licenses and permits significantly improving out of town and electronic business licensing for the jurisdiction. |
What Could Happen Without a Business License
Being out of compliance by not having the proper business licenses, permits and registrations can leave the business (and its owners) with expensive penalties and could put the business at an operating risk. Jurisdictions, including local municipalities and county governments, are increasing their vigilance for businesses evading licensure. This means that the business that evades licensure may not be able to open or stay open; may not be able to expand to a new location; add an item, a service or a structure; and may be hit with expensive penalties and interest as well as exposing the business owner to personal liabilities and liens.
