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How could licensing issues devastate a business owner’s plans?

On Behalf of | Mar 1, 2022 | Business Law

Securing operating licenses can seem like little more than a formality for parties ready to start a business. However, a single piece of paper could ultimately prevent a business from opening its doors.

For instance, if you want to open a bar, restaurant, club or liquor store, you will need a liquor license to serve or sell alcohol on the premises. Failing to get one can make it impossible to run your business.

What you need to get a license

In order to receive a liquor license, you will need to meet specific criteria. Depending on the type of license you are applying for, you may need to provide:

  • Business certificate
  • An Employer Identification Number (EIN)
  • A certificate allowing you to collect tax on your liquor sales
  • Insurance for your business
  • Proof of community board notification
  • Photos of the premises and a location that meets community guidelines
  • Investment records
  • Information on business owners and operators

The New York State Liquor Authority (SLA) can deny a license for parties who cannot provide this or other pertinent information.

Important takeaways

This case can highlight the challenges that hopeful entrepreneurs might face when it comes to the logistics of opening a business. Those who do not know what they need to do or what the laws require can run into rejection and costly delays. 

However, understanding the rules and knowing what to expect can help you avoid or adjust more easily to obstacles that may come up. 

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