Business License

 

Who need General business licenses?

Whether you’re required to get any type of license to run your business depends on where you live (and where your business is based) and what kind of goods and services you sell.

Most states don’t require a general business license—also known as business operating license—to do business in that state. However, you may still need a business license from your city or county. You may also need a license from a relevant state or federal regulatory agency to perform certain business activities, like agriculture or medicine.

If you run an online business, you register the business and obtain required online business licenses in the state and city where you base the business. If you’re a digital nomad, speak with your lawyer and accountant about the best way to set up your business.

 WHY DO YOU NEED General business license?

 A general business license is a critical component of operating a legitimate business in the United States. Here’s why obtaining one is essential:

  1. Legal Authorization to Operate:In the USA, a general business license grants you the legal right to operate your business within a specific locality. It ensures that you comply with local regulations, allowing you to conduct business activities, engage in transactions, and offer goods or services legally.
  2. Regulatory Compliance:Each state and municipality has its own set of rules and regulations for businesses. A general business license helps ensure you meet these regulatory requirements, including zoning laws, health and safety codes, and other local ordinances. This compliance helps you avoid fines, penalties, and potential legal issues.
  3. Establishing Credibility:Having a general business license demonstrates that your business is legitimate and trustworthy. It signals to customers, vendors, and partners that you adhere to legal and regulatory standards, enhancing your business’s credibility and reputation.
  4. Access to Financial Services:Most banks and financial institutions require a valid business license to open a business bank account, apply for loans, or access credit. A general business license is often a prerequisite for securing the financial resources necessary for managing and growing your business.
  5. Insurance Requirements:Many types of business insurance, such as general liability or workers’ compensation insurance, require proof of a valid business license. This documentation helps ensure that your business is covered in the event of accidents, damages, or legal claims.
  6. Tax Compliance:A general business license helps ensure that your business complies with local tax laws. It often involves registering with local tax authorities, which is crucial for fulfilling tax obligations, including sales tax and income tax, and avoiding potential tax issues.
  7. Permit and Certification Needs:In addition to a general business license, you may need specific permits or certifications depending on your industry and location. A general business license is typically the first step in obtaining these additional approvals, such as health permits or professional licenses.
  8. Business Expansion:If you plan to expand your business or open additional locations, obtaining a general business license in each new jurisdiction is usually required. This ensures that each location operates legally and complies with local regulations.
  9. Legal Protection:Operating without a valid business license can expose you to legal risks, including fines, penalties, or even forced closure. Having a general business license provides legal protection by ensuring you meet all necessary requirements and avoid potential legal complications.
  10. Reputation and Trust:Being licensed adds a layer of professionalism and trustworthiness to your business. It sets you apart from unlicensed competitors and helps attract customers who value working with a legally compliant and reputable business.

What We Do for Getting Your Business License ?

 License Research

  • Determine all the licenses and permits your business needs at the federal, state, county, and municipal levels.
  • Provide you the proper license/permit application forms.
  • List filing instructions, supporting document requirements, and fees.

Payment

  • After completing your search for the licenses that match your business, you will be asked to complete the first part of the payment. One IBC will guide you through the next sections after receiving your first payment.
  • If your license needs 2-3 payments to complete, you will be asked to complete payment steps after step 3 and 4.2 are completed.

Preparation

  • Prepare government-required licensing documents. AVI Business Solutions will help you to list out the necessary documents for each different license.
  • Moreover, documents related to individuals and stakeholders are also required and listed as required.

License Filings

  • 4.1 Identify requirements
    • Whether your business operates as a multi-state operation or in a single location.
    • We identify all application requirements for your business license filing.
    • We determine what corporate and legal documents you need to submit with the application.
  • 4.2 Complete all application forms
    • We complete all application forms and ensure supporting documents are complete.
    • On your behalf, we submit the government fees required for your business license filing.
  • 4.3 Verify license is issued
    • We contact the licensing authority to ensure the business licenses are issued.
    • In case of insufficiency or rejection, we work with you and the authority to resolve the issue.

License Compliance

The government agency will check your records and provide additional information if necessary. After complete the information, you will receive the information that your License has been approved.

Business license compliance can be a huge burden on the day-to-day activities of your business. The licensing experts at AVI Business Solutions ensure that your company remains compliant while you focus on your business through our online web portal and our renewals team.

                                            Beneficial Ownership Reporting

 

Maintaining Beneficial Ownership Information Over Time

Reporting Beneficial Ownership Information is more than just a one-time filing. As beneficial owners change, companies must complete additional filings to notify FinCEN of the updates. Additionally, information submitted in error must be updated via corrected reports. Unlike the solutions offered by other providers, up to four initial, updated, and corrected reports are included in Harbor Compliance’s BOI Reporting Service annually.

What is Beneficial Information Reporting in the USA?

Beneficial Information Reporting refers to the process of disclosing the identities of individuals who ultimately own or control a company, often known as “beneficial owners.” This reporting is crucial for transparency and combating financial crimes such as money laundering, terrorist financing, and tax evasion. In the USA, this type of reporting is governed by several key regulations and requirements.

Key Aspects of Beneficial Information Reporting

  1. Refinition of Beneficial Owne

  Overview: A beneficial owner is an individual who, directly or indirectly, owns or controls a significant percentage of a company’s shares or voting rights. This also includes individuals who have substantial control over the company’s decisions, policies, or management.

  Thresholds: Typically, a beneficial owner is someone who owns 25% or more of the company’s equity or has significant control over the company’s operations.

  1. Regulatory Framework

   Financial Crimes Enforcement Network (FinCEN): Under the Corporate Transparency Act (CTA), enacted as part of the National Defense Authorization Act (NDAA) in January 2021, FinCEN requires certain entities to disclose their beneficial owners. The CTA aims to enhance transparency in business ownership to prevent illicit financial activities.

   Beneficial Ownership Information (BOI) Reporting: The CTA mandates that companies submit beneficial ownership information to FinCEN, which will maintain a confidential database accessible to law enforcement and certain other authorized entities.

  1. Who Needs to Report?

  Entities Required: Most corporations, limited liability companies (LLCs), and similar entities must report their beneficial owners. There are some exemptions, such as large operating companies, certain regulated entities, and entities already subject to extensive disclosure requirements.

   -Exemptions: Publicly traded companies, banks, credit unions, insurance companies, and entities registered with the SEC are generally exempt from reporting under the CTA.

  1. Information to be Reported

   Details Required: The reporting entities must provide information including the full legal name, date of birth, address, and identification numbers (such as a driver’s license or passport) of each beneficial owner.

  Purpose: This information helps authorities trace ownership and control structures, making it easier to detect and prevent financial crimes.

  1. Compliance and Deadlines

   Reporting Deadlines: New companies must file their beneficial ownership information at the time of formation, while existing entities have a set deadline to comply. Updates must be made whenever there are changes in beneficial ownership.

   Penalties for Non-Compliance: Failure to report or falsifying information can result in significant penalties, including fines and potential criminal charges.

  1. Benefits of Beneficial Information Reporting

   Enhanced Transparency: Helps create a clearer picture of who controls and benefits from various businesses, reducing the risk of hidden financial activities.

   Anti-Money Laundering (AML) Efforts: Supports efforts to prevent money laundering, terrorist financing, and other financial crimes by making it harder for illicit actors to hide behind anonymous shell companies.

   Improved Regulatory Oversight: Assists regulators and law enforcement in investigating and enforcing financial regulations.

  1. Privacy and Confidentiality

Data Protection: While beneficial ownership information is reported to FinCEN, it is not publicly accessible. Access to this data is restricted to law enforcement agencies, financial institutions, and other authorized entities involved in legal or regulatory proceedings.

 

                                                         Establishment Compliances

 

WHO NEEDS ESTABLISHMENT COMPLIANCE SERVICES?

Establishment Compliance Services are essential for businesses and organisations of all sizes and industries that must comply with regulatory requirements and standards. Small businesses may need Establishment Compliance Services to comply with local and state regulations, while large corporations require such services to manage compliance across multiple locations and business units.
Through our Establishment Compliance Services, our experts at AVI Business Solutions  support you in every step of the compliance tasks applicable to your establishments spread across several states. We offer end-to-end compliance support starting from.
 
  • Registration of an establishment/branch
  •  Handling inspections by Government Officials
  • Obtain necessary exemptions for uninterrupted & hassle-free business operations
  • Keeping you updated on the amendments in the legislation for timely actions
  • Tech assistance to automate the tasks of Establishment Compliances Services.

Why Do You Need Establishment Compliance Services?

  • Obtain, amend, & renew Registration Certificates
  •  Preparation and updation of Statutory Registers
  • Preparation and submission of Statutory Returns & Statutory Notices
  • Display of statutory abstracts & notices
  • Remittance of statutory payments
  • Support for accident-related compliance
  • Liaison coordination support for Inspections
  • Compliance support for the Principal Employer as per the scope
  • Consultation on the constitution of Statutory Committees
  • Tech enablement of Establishment Compliance Services with robust automation tools.

WHAT WE DO

Legal Compliance: Businesses must comply with laws and regulations. Establishment Compliance Services can help ensure an organisation meets its legal obligations.

  • Avoiding Penalties and Fines: Non-compliance can result in financial penalties and fines, which can be costly for businesses. Establishment Compliance Services can help organisations avoid these penalties and fines by ensuring compliance with regulations.
  • Protecting Reputation: Non-compliance can harm an organisation’s reputation. Establishment Compliance Services can help protect a business’s reputation by identifying and mitigating areas of risk.
  • Mitigating Risk: Establishment Compliance Services can help identify potential compliance risks and develop strategies to mitigate those risks, including implementing procedures to prevent non-compliance.
  • Ensuring Quality: Compliance with industry standards can help ensure that products and services meet quality standards and customer expectations 

                                                        Compliance Risk Audit

 

 

 Compliance Risk Audit Services are essential for any business or industry that handles sensitive information, provides critical services, or is subject to regulatory oversight. This includes financial institutions, healthcare organisations, manufacturers, technology companies, and retailers.

Our team of top compliance consultants at AVI provides support in understanding the compliances under labour legislation for

  • Business start-ups
  • Mergers & acquisitions
  • Closure of business, legal entity, factories, offices, mines etc
  • Varied business models
  • Businesses with a presence across different locations

 

WHY DO YOU NEED COMPLIANCE RISK AUDIT SERVICES?

 

 

  • Identify and Mitigate Risks: By leveraging Compliance Risk Audit Services as part of their GRC (Governance, Risk Management, and Compliance) framework, organisations can better understand their compliance posture and reduce the risk of regulatory fines, legal actions, and reputational damage.
  • Ensure Compliance: By conducting regular compliance risk audits, organisations can ensure that they are meeting all regulatory requirements and staying up to date with any changes in regulations.
  • Avoid Penalties and Fines: Non-compliance can result in legal penalties, fines, and other costs that can harm an organisation. Organisations can avoid these costs and protect their bottom line by identifying and addressing compliance risks.
  • Build Trust with Customers: Compliance Risk Audit Services can help organisations demonstrate their commitment to compliance and build trust with customers, stakeholders, and investors.
  • Improve Operations: Compliance risk audits can also help organisations identify inefficiencies and areas for improvement in their operations, leading to increased efficiency, productivity, and profitability.

 

WHAT WE DO

 

  • Compliance consultation on the applicability of various Labour & Industrial Laws
  • Criticality assessment of Financial, Prosecution & Reputational Risks for the company on Labour & Industrial laws
  • Consultation on Minimum Wage, Employee Compensations, Gratuity Liabilities, ESI Liabilities, EPF Liabilities, Bonus Liabilities, etc.
  • Expert consultation for decision-making and course correction
  • Compliance risk audit & assessment for the company, board of directors
  • Provides expertise and guidance to organisations on effectively managing their overall governance, risk, and compliance programs as a GRC consultant

Website Development

Why Should You Invest In Website Development Services ?

 

If you have not developed a website for your business yet then you are missing the online visibility you deserve and your competitors are stealing your leads by creating a website for their business.

With a business website, you can show your products and services to your online audience and get their contact details when they visit your website to find out the service you offer.

Your website is an online store/address of your business where your buyers can go and check your services and contact you even if you are sleeping. You will be able to get the data they have provided on your website and you can contact them later to know what services or products they are looking for. This is one of the most important benefits of having a website for your business.

Custom Website Development

We offer custom website design and development services that give your business a new identity on the web. Our skilled web designers and developers work with the utmost professionalism to build your business website.

WordPress Development

WordPress is the most used open-source CMS that gives you the feature of customizing web development. WordPress has a wide scope of usability as a blog, magazine, e-commerce website, etc. You can hire dedicated WordPress developer on a flexible-time basis.