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The Business License Compliance Burden

Sponsored By Business Licenses

Topics:
Accounting > Tax
Budgeting & Planning > Budgeting
Finance & Risk Management

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Abstract:
Business license data is voluminous and includes license information, licensing authority contacts, statutes, regulations, ordinances, interpretations, clarifications, procedures, forms, instructions, fee schedules, and unique requirements covering nearly all federal, state, and local authorities. The need for assistance with business license compliance is driven by a number of factors, including new business formation, business expansion, such as new locations or products & services, and business changes, such as mergers & acquisitions or name changes. The cornerstone of compliance is the maintenance of existing licenses, which typically have to be renewed annually, bi-annually, or semi-annually, and would otherwise expire, leaving companies non-compliant. Compliance for businesses operating in multiple locations is a massive burden.
DETAILS
Sponsored by:
Released: January 07, 2013
Length: 9 pages
Format: PDF (824 kb)
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