Business licenses are necessary for nearly every company, but their requirements are often confusing. An expansive business model means lots of triggers for new licenses and endless renewals to manage their lifecycles. Consequently, companies can end up facing critical deadlines that turn into steep financial penalties unless they have a steady hand to guide them.

Join this session to understand how accounting firms can simplify the registration, management, and renewal of business licenses for their clients, while creating a new service line for their own business, thereby increasing firm profitability and building deeper client relationships.

Learning Objectives

• Identify the basics of business licenses, permits, and tax registrations


• Recall what various industries can expect to find in their business license portfolios


• List best practices for managing the entire lifecycle of a business license portfolio


• Recall ways firms can advise clients to reduce their exposure to operational risk