"The best-funded company in the Bitcoin industry appears to be operating without the proper licenses in the world’s financial capital.
Coinbase, a company based in San Francisco with funding from the New York Stock Exchange and other big investors, said this week that it had opened as the first regulated Bitcoin exchange in several states, including New York.
But a spokesman for the top financial regulator in New York said the company did not have the licenses necessary to operate as a Bitcoin exchange in the state."
Currently, there are no penalties being exacted on Coinbase as they work out how to get the proper licensing, but that is not to say there won't be, which is why it is imperative to always have your business properly licensed.
Read the full article here or to learn more about how we can help your company maintain proper licensing at all of its locations, contact us today.
In Montana, where there is a cap on the number of liquor licenses available in the state, purchasing a liquor license has proved to be quite expensive, since there is great demand and limited supply.
A recent sale of one noted that "Buffalo Wild Wings paid $575,000 for the all-beverage license."
As many states and towns who use a cap will state that even though licenses are getting more expensive, it doesn't mean they will increase the cap to make more lcienses available.
To read more, view the full article here.
It is common for business license fees to increase year after year, but Wetumpka business owners are seeing business fee increases from 1,000 to 2,000%. We recommend having a conversation with the licensing authority should you see hikes as high as this.
You can read the full article here for the initial increase.
As recommended, once business owners had conversations with city leaders, city leaders realized they had made a mistake and reversed the fee increase. To read the full article on the reversal, you can view it here.
Businesses that have a retail liquor license are now eligible to apply for a transporter-for-hire license that will enable them to deliver beer in addition to food to a residence.
At a total of $860 for a license, we wouldn't be surprised to see many businesses apply for this additional license. In fact, almost 20 businesses have already applied for this new license.
To learn more, read the full article here.
Drones seem to be popping up in news headlines more and more these days. The FAA has granted permits for the use of drones in agriculture and real estate.
However, drones are being used across all different industries. Even large retailers like Amazon are considering using drones to deliver packges.
To read more about the FAA news, please click here.
"A year after the passage of a law allowing Pennsylvania taverns to host small games of chance took effect, only a fraction of the expected number of establishments have sought licenses."
When the license first became available, they projected 2,000 businesses would apply for it. In actuality, only 47 applications have been filed and 37 have been granted licenses.
We believe the expensive FBI background check and 65 percent tax rate could have something to do with the low application rate.
To read the full article, click here.
As of December 31, 2014, durable medical equipment suppliers will need a license to operate in Colorado. To learn more about what a durable medical equipment (DME) supplier is and what kind of licensing is involved you can check out the recording from our Healthcare Webinar in which we reviewed DME licensing.
To read more about Colorado's specific requirements and the fee involved with obtaining and renewing a license. You can view the article here.
As marijuana is legalized in more and more states, the licensing involved with this industry has proven to be pricey and competitive.
If you'd like to either be one of the lucky five to manufacture medical marijuana, then you should be prepared to shell out "a $10,000 nonrefundable fee to apply for a license to manufacture medical marijuana in New York" and an additional $200,000 if you actually receive a license.
To learn additional requirements necessary to apply for a manufacturer license or a dispensary, you can view the full article here.
If you own a medical marijuana business and need help managing your business licenses, we can help.
In Adams County, CO, the ability to own a marijuana business, will be determined by whether you are lucky enough to win the lottery for a license. Even once you get a license, there are many regulations that come into play.
"All industry businesses must be at least 100 feet from churches, youth centers, alcohol or drug rehabilitation facilities, group homes for the developmentally disabled and halfway houses or correctional facilities.”
We get the feeling that these rules (which admittedly make some sense) are only the tip of the iceberg. This is precisely why research, especially on a national scale, is so challenging. When you’re trying to open up locations, who knows which rules embedded in the official law will give you trouble.
To read the entire article, click here.
In recent news, Boston announced that they are moving the licensing and permitting process to manage the 86,000 permits they receive annually to an online cloud platform.
Could this be the future? It should certainly make it easier for Boston to manage the many licenses and permits it issues annually, but will it be better for the people who need to apply? The answer is like it is in many situations, it depends.
To learn more about Boston's new plans for issuing licenses and permits, you can read the full article here.