What are the consequences of failing to obtain the necessary licenses, permits and tax registrations?
Failure to comply with the necessary licenses and permits, could jeopardize the business, result in expensive penalties or leave the business owner with no legal protection. Due to the continuous rise in traditional taxes, governments are always looking for alternative revenue streams, which often times results in increased vigilance for business license evaders. Many governments resort to hiring third party collectors to assist in collecting from these evaders.
Related Questions
- Will BizFilings obtain the necessary licenses, permits and tax registrations on behalf of my business?
- Will BizFilings obtain the necessary licenses, permits and tax registrations on behalf or my business?
- What are the consequences of failing to obtain the necessary licenses, permits and tax registrations?
