When you’re caught up in the excitement of starting a new business, it’s easy to ignore the need for licenses and permits. However, licenses and permits are mandatory, and before you can legally begin to operate your business, you need to have all its licenses and permits in place. Additionally, if your business has employees or sells taxable goods or services, you need to register with the taxing authorities. Requirements vary by industry and depend on how and where you conduct business.

Not being compliant with all licenses, permits, and tax registrations could leave you unprotected legally, may lead to expensive penalties, and can jeopardize your business.