The importance of obtaining a business license

When forming a new business, it is easy to become overwhelmed by the significant amount of work it takes to get your business venture off the ground. In addition to forming a business plan and securing financing, you must generally hire staff, order supplies, begin advertising and securing necessary legal paperwork. Sometimes, aspiring small business owners neglect the legal side of their businesses, simply because the other components are so time-consuming and stressful. Other times, aspiring small business owners neglect the legal side of their businesses simply because they are unaware of what kinds of paperwork their businesses require.

Thankfully, certain attorneys specialize in business law generally and business formation specifically. These legal professionals can help to guide new business owners through the paperwork required in order to legally form and begin operating any given business. It is important to consult a local attorney, as regulations governing the formation and operation of businesses tend to change from location to location.

One of the more straightforward and more important pieces of legal paperwork that business owners must obtain is a business license. Just as motorists must obtain a license before they can drive legally, business owners must generally obtain a license before they can operate their businesses legally. An attorney can aid you in obtaining this license and navigating any red tape you may encounter so that you can legally begin operating your business. Failure to secure a license before you begin could lead to negative consequences that are best avoided. No one wants to begin a new business venture on the wrong foot.

Source: Findlaw Free Enterprise, “Operating a Business Without a License: What Can Happen?” William Peacock, Jan. 8, 2014

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