Blog

Business Licensing Requirements Overview

Almost every business needs a license or some kind of filing or permit to operate legally. Businesses need these licenses to protect the public from any perceived harm. Medical professionals need licenses so the public knows they are going to someone who is qualified to give them the right kind of medical care. You don’t want to take your dog to an unlicensed veterinarian. You probably don’t want to get a haircut from a hairdresser that doesn’t have a license either.

The problem that a business has is that if a business doesn’t have the correct license the government can come in and shut it down. You spend a lot of time and money establishing your business. If you don’t have the right permits to operate, then they’re going to close you down until you get those permits.

Additionally, with various tax filings that you need to have, it could be potentially very expensive if you don’t have the right filings set up from the beginning. It’s important to understand the tax code and how it affects you and your business.

Last, if you don’t set up your business correctly, then you could be subject to liability. Whereas, if you set up your business as a limited liability corporation or LLC, then the liability would be contained inside the assets of the corporation and all of the other things you worked so hard to get, you can hang on to.

When setting up your business, it’s important to consult with experts to ensure you get it right the first time and don’t end up paying much more down the road for mistakes made years ago. If you have any questions about business licensing requirements, you can reach out to our office.

 

Richards Rodriguez & Skeith

Recent Posts

Understanding the Pregnant Workers Fairness Act (PWFA): What Employers Need to Know

The Pregnant Workers Fairness Act (PWFA) is a relatively new federal law that went into…

2 days ago

Hiring Out-of-State Employees for Austin Businesses

As Austin continues to grow as a hub for innovation and business, many local businesses…

4 weeks ago

What Austin Businesses Could Learn from the Ghibli-Style AI Controversy

You might have scrolled past a LinkedIn post featuring AI-generated artwork that mimics the distinct…

4 weeks ago

Office Vacancy Remains High in Austin, But Signs of Recovery Emerge

Is now the best time to reconsider your office layout or seek expansion in the…

2 months ago

Thinking About Borrowing Money for Your Business?

For many entrepreneurs, borrowing money through loans is one of the few options available to…

2 months ago

A Restaurateur’s Guide to Commercial Real Estate Leases in Texas

Austin is renowned for its barbecue, attractions, and fresh culinary offerings. Some even cite the…

3 months ago