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What are the penalties for businesses operating prior to getting a business license?

April 26, 2017Business businesses license operating penalties prior

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What are the penalties for businesses operating prior to getting a business license?

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To avoid penalties, a business must obtain a business license prior to opening to the public. If a business has been in operation without a business license, it could be subject to fees and penalties for a period of up to 3 prior years in addition to the current year. The penalty for the first month is 10% of their gross income and increases 10% each month up to a 50% maximum yearly penalty.