Maintaining a successful business begins with establishing an operation that abides by the proper state laws and regulations from the get-go. All it takes is one misstep with hiring compliance, license and permits, or tax filing, and your entire business can end up in serious trouble.
Whether you are a new business owner or have owned a business for some time, it is important to take inventory of your current practices to ensure you are complying with applicable business laws and maintaining an efficient, legal operation. Consider the following examples of areas every business owner must address in order to achieve long-term success.
Licensing and Permit Requirements
There are a number of businesses that require federal licensing, such as those involved with activities that are regulated by a federal agency. These business categories can include everything from commercial transportation and agriculture to the sale of alcohol or firearms. Even if your business is not related to anything regulated by the federal government, virtually every business needs to have a permit or license of some sort. The type of permits required for your company’s operation will depend entirely on your state’s rules, the location of your business, and any additional government rules that apply.
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