Launching a New Business – Avoiding Regulatory Pitfalls
ComplianceMay 28, 2020

Launching a new business – Avoiding regulatory pitfalls

In times of economic uncertainty, industry shifts and changes pave the way for new business ventures and start-ups. Many entrepreneurial-minded individuals are capitalizing on such uncertainty, choosing now as the time to launch their new business.

According to the Boston Business Journal, “new ventures are incorporating, as the reality created by the pandemic not only shapes new needs, but provides a distraction-free environment to work on key aspects of launching a business."1

CT Corporation is uniquely positioned to assist founders and start up teams with new business formations and registrations across all industries. We understand and guide our clients from incorporation to business license application prep, filing, and coordination with government authorities to ensure your business launches with full compliance. CT Corporation also offers rapid research tools to help those unsure of their license obligations to identify and fulfill their license compliance requirements.

Entrepreneur.com forewarns new start-ups can expect to suffer consequences from poor license compliance stating a failure to comply from the outset of business formation is one of the most common mistakes new entrepreneurs make.2 CT Corporation often sees such consequences as fines, back taxes, and loss of public reputation. Some businesses have trouble navigating these consequences and may even risk an operational shutdown. One way to mitigate the risks associated with non-compliance is through CT Corporation’s outsourced business licensing solutions. These solutions allow entrepreneurs to focus on growing their new enterprises while CT Corporation handles all of the business’s license compliance needs.

While license compliance is a key requirement for any new business, CT also understands there are additional services outside the licensing realm that can greatly benefit new business owners. Our robust strategic relationship channel enhances the experience with other critical business startup necessities.

CCH Services, a division of Wolters Kluwer, allows our clients to outsource tax compliance and reporting obligations, enabling founders to leverage the extensive state and local tax knowledge and processes of CCH Services. CCH Services also offers specific solutions to address all your Sales and Use Tax needs:

  • Know where to collect – Sales Tax Nexus
  • Accurate Calculation
  • Reporting – Interactive Data Tools
  • Prep/File/Remit Taxes – In-house or Managed Service offerings

Whether you need license compliance guidance, sales tax registration and sales tax return support, payment processing services, or are simply an entrepreneurial-minded individual hoping to launch a new business in these uncertain times, contact us to learn how we can help navigate the startup landscape!


1 Should you launch your startup amid the pandemic?

2 Business Licenses and Permits – Compliance is key when starting a business. Find out which permits you need to obtain for your new venture.

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