It is possible that you are doing business in a location where the local government sends its business owners a reminder statement annually, letting them know that their registration is due for renewal. The permitting process is a tracking system for zoning requirements and ensures that the business is operating legally according to city codes and laws. Local Business License RequirementsĪ city or county may ask business owners to apply for permits and register with the state.
The state can prosecute business owners if they avoid payments or do not cooperate. A lapse in filing reports can result in the business incurring additional penalties, interest, and fees. The license does not need to be renewed, so it cannot lapse.Ī license may require the business owner to file sales tax reports or other documents on a regular basis. The license remains active until the owner closes the business. Some states only require a one-time application for a business license. If the license lapses, it may be necessary to re-apply. In some cases, a business may require semi-annual, annual, or bi-annual license renewals. You may also be required to file for permits and/or renewals in several locations. When it is time to obtain or renew a business license, you may need to contact more than one state or government agency. These few hours can save time and trouble down the line. If any information has changed since the initial time you got the permit, have that updated as soon as possible. Make sure your business has all necessary permits and that they are current. Information About Renewing a Business License
This costs your business due to lost profits, but it can also tarnish your reputation with customers. When a business fails to keep its licenses up-to-date, it can get shutdown. The restaurant had not obtained the required licenses, so the commission seized all of the restaurant's equipment and supplies used to create its signature craft beers.Īnother example in New York City involved a wine store that had to temporarily close due to the renewal process for its license taking longer than expected. Overview for Maintaining LicensesĪn example of the repercussions for not complying with an active license involves the Oklahoma Alcoholic Beverage Laws Enforcement Commission and a restaurant. Government agencies have the right to shut down a business and seize its assets for failure to comply. In some cases, a violation carries criminal penalties, which can include the owner as well as the business. What happens if your business license expires? This can result in hefty fines and penalties. Information About Renewing a Business License 3.
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