Licensing Requirements For Setting up a New Corporation

Setting up a new business involves planning, making key decisions and completing a series of legal steps. A few preliminary steps include choosing a name, a business structure, and registering your business. Other steps include contemplating tax implications and licensing. For instance, the State of North Carolina does not issue a single business license; therefore, depending on the goods and services offered, business licenses, occupational licenses, environmental permits, and zoning requirements may be required. Additional items to consider are whether there are federal, state, county, and city/town permits and licenses that are required to operate legally. Navigating the over-700 regulatory, state-issued and occupational licenses and permits is a daunting task for even the most seasoned business owner.
The requirements for occupational licenses vary among different occupations. For instance, an occupational license gives a person permission to work in a particular occupation after having met a minimum level of competency intended to ensure the health, safety, and welfare of the public. Certification is an official endorsement of qualifications by a regulatory agency or professional organization. Both of these forms of credentials require individuals to meet certain education, experience, and/or competency standards. Registration most often refers to occupations for which people submit their name, address, and qualifications to the applicable regulatory body. Registration provides the standard for inclusion on a list of those approved to act in a particular capacity.
In addition to licensing requirements, certain business forms such as corporations, limited liability companies, and limited liability partnerships, also need to register with the North Carolina Department of State in order to operate in the state. While sole proprietors and partnerships do not need to register with the state, those that do not operate under an individual’s legal name and instead adopt a trade name, must register the business with the county where they are located.
For more information on starting a new business and licensing requirements, please contact BridgehouseLaw LLP.
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Reinhard von Hennigs