Business Licensing

Q: WE ARE A LEASING COMPANY AND HAVE EQUIPMENT SITTING IN ALL STATES AND MANY, MANY CITIES AND TOWNS. THE SALES TAX PART OF IT IS EASY; HOWEVER, HOW DO YOU GET YOUR ARMS AROUND THE LOCAL BUSINESS LICENSES THAT OFTEN ARE AUDITED BY THE SALES TAX AUDITOR? THE CITIES AND TOWNS ARE IN THE HUNDREDS.

A: Many companies outsource business licensing functions. For those that don’t, there is specialized software out there that will help track where you are licensed and when renewals are due. Some companies only register where their biggest continual exposure is, and some companies register everywhere. It’s all about materiality. While you do not mention property tax, this could also be an issue if you're not already on top of it. We offer business licensing and compliance services.