![]() To find out what licenses and permits are required in your state, visit the SBA. The requirements for business licenses may differ by state. It also gives your business a greater appearance of legitimacy, which can be crucial to obtain financing and partnerships. ![]() For instance, this process also allows you to claim tax deductions, according to the Small Business Association. However, regardless of whether a business license is required, there are benefits to registering your business. To determine your local laws, visit the SBA website. In other regions, you may need to obtain a license before you sell anything. In some areas, you may not need to apply for a business license until you reach a specific revenue threshold. Here's a closer look at what you need to know: At what point do you need to apply? Ecommerce licenses don't differ significantly from brick-and-mortar business licenses. You will typically need to renew your business license annually. In addition, the city or state may require you to cease operations until you complete the required paperwork. When you operate a business without the proper licenses, you risk heavy fines. Businesses are required to apply for a business license because it provides a way for the government to keep track of enterprises operating in the area and keep track of tax revenue. Penalty and interest accrue as of the delinquent date.All companies require a business license, whether they sell online or from a brick-and-mortar storefront. General contractors, subcontractors and produce dealers.īusiness licenses expire on the due dates listed, but a 60-day grace period is allowed for reporting gross receipts, paying applicable taxes and purchasing a new license. Service stations (gasoline), grocery stores, food wholesalers, hardware stores, building materials suppliers, feed stores, food brokers, beer package stores, beer wholesalers, wholesale gasoline and diesel fuel suppliers.Īdvertising specialty dealers, automobile and motorcycle dealers, boat and camper dealers, department stores, florists and plant stores, home furnishing stores, appliance and electronic stores, restaurants, liquor stores, liquor wholesalers, and all businesses not enumerated elsewhere.Īntique dealers, delicatessens, jewelry stores, card shops and book stores, pawn shops, beauty and barber shops, schools, architectural and artist supply stores, stores dealing in hearing aids, razors, luggage, optical and ophthalmological supplies, typewriters, sporting goods and business services. The following are examples of businesses in each class of business license. Business taxes are assessed against the gross receipts during a certain time period. Once the business tax return has been processed by the State of Tennessee, the State will notify the City of Oak Ridge who will issue the actual business license to the taxpayer.īusiness taxes, unlike property taxes, are not based on an assessment performed by a government agency. Return forms and instructions may be obtained at the attached link for the State of Tennessee. 28, 2010, all business tax returns will now be filed with the Tennessee Department of Revenue. Beginning with Classification 1 taxpayers, due Feb. Contact the residential planner with the Community Development Department at (865) 425-3531 with any questions and to confirm the current fee.įor more information on how to obtain a city business license, please call Tammy Manis at (865) 425-3406.Ĭhapter 530 of the Public Acts of 2009 amended various provisions of the Tennessee Business Tax Act for purposes of simplifying the tax and shifting its primary administration from the local level to the state level. If the business is to be operated from the home, a home occupation application is required with approval by the City’s Community Development Department prior to a business license being issued. Click here to download the required document. You may download the application here and mail it to the address below or pick up the application in person at:Ĭity of Oak Ridge Utility Business OfficeįOR FOOD TRUCK VENDORS ONLY : You must include an additional signature page when submitting the business license application. Initial Business LicensesA business license application must be completed and remitted to the City of Oak Ridge Utility Business Office along with $15. The Business Tax Guide outlines the Tennessee business tax laws. State law requires that all businesses (with some exceptions as outlined in state law) operating inside the City of Oak Ridge have a business license. The public health situation is rapidly changing, here are the latest updates affecting City facilities *** An important update from the City Manager on the Coronavirus (COVID-19) ***
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