Business Licenses and Permits

Often times it is clear and simple to understand what licenses are needed to operate your business. But certain industries just aren’t friendly to business owners when it comes to business license requirements.confused.jpg It is widely known that common industries like restaurants, gas stations and healthcare can be highly regulated and full of licensing requirements, but lesser known industries, like say “passive debt buying,” can also be just as hard to wrap your head around.

In many cases “passive debt buyers” buy bad debt from banks and use a third party to collect on the bad debt. The “passive debt buyers” don’t collect on the debt themselves; however, some states, like Colorado and Iowa for example, still require some type of debt collecting licensing. Other states clearly indicate there are no requirements. Maryland law explains that “passive debt buyers,” that don’t engage in debt collection in Maryland do not have to be licensed as a collection agency.

Every state has different requirements when it comes to certain industries. Corporation Service Company (CSC) can help you determine what you need to operate your business. Visit www.cscglobal.com or call a CSC customer service representative at 800.927.9800 ext. 5077 to answer all of your Business License questions.

If you are interested in a business license quote, please visit: https://www.incspot.com/public/dspBusinessLicense.html.