In these tight times we’re uncovering too many business licenses expiring without the knowledge of the business owner. Whether the company tracked their licenses using a paper file-folder or an excel spreadsheets they’re being missed! This can cause you thousands of dollars in fees to get them back up and running or much worse total embarrassment and even lead to closure of your business.
Recently a friend of ours tried to get a loan from his company which had established an employee real estate business to assist in brokerage fees. When he went to prepare for closing he learned his own company was void by the state for failure to pay their business license. How’s that for an employee benefit? Not being there when you need them most.
In a recent episode of ABC’s Ugly Betty, a City Councilman was visiting a newly created hair-salon in his district. While in the stylists chair the Councilman praised the individual for their entrepreneurial spirit and drive – but then asked, “Have you filed for your business license?” With the ensuing conversation the female hair-stylist learned that the councilman would have to report her for not filing a license. You guessed it …half of his hair was cut and he was kicked out of the stylists chair looking like Forest Gump. Was that due to the stylists being embarrassed, or her rushing to City Hall to get a license filed or just plain ignorance in thinking she could do this without letting the local government know?
All these scenario’s could have been easily avoided if the proper due diligence was conducted in researching, preparing, filing and managing their business license needs.
This is one of the areas where CSC can assist you and help you avoid embarrassment; ensure you’re not confronted with sticker shock from penalties and more. Contact one of our Business License and Tax Permit Customer Service Specialists to learn how we can assist you further with any of the following business license needs.
• Business License Portfolio Management
• Business License Filing & Renewal Services
• Business License Compliance Package
• License Verification
• Audit & Gap Analysis
• Fully-Managed Outsourcing
You can also learn more from our website. Or call us directly at 800-927-9801 x5077