Opening a new storefront is an exhilarating venture for every business owner. It signifies taking control of one’s destiny, achievement, and the beginning of a new chapter. However, amidst the excitement and busy schedule of setting up shop, many first-time and experienced entrepreneurs overlook critical administrative requirements such as failing to secure the right permits and licenses.
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Why Do You Need These Permits and Licenses?
For starters, when a business owner prepares to open a storefront business, especially as a lease tenant, they must typically fulfill legal requirements to protect both the business owner and the public. Ensuring full compliance with these regulations can mean the difference between a smooth opening and potential roadblocks that might hinder progress in opening a business.
Business License
A business license gives your business a legitimate status in the eyes of the government and your customers. With a business license, the local government can easily track your revenue for taxation, ensuring you’re paying your rightful dues, fulfilling your legal obligation. It can also protect you from certain liabilities, ensuring that you’re operating within the law.
Sign Permit
A business with no sign is a sign of no business! Having highly visible and effective signage can offer businesses a great first impression to announce their presence and attract customers. However, before you put up that flashy sign, be sure to check your local sign ordinances. Different localities have varying rules about the size, type, and sometimes even the content of signs. A sign permit ensures you’re compliant. This permit also ensures that your sign is safely constructed and won’t be a potential hazard. Furthermore, cities and towns have a vested interest in maintaining a certain look or aesthetic. The permit process ensures that storefront signs contribute to the desired community appearance.
Building Permit
If you plan any construction, remodeling, or even some types of decorating, you might need to secure a building permit. Building permits ensure that any construction work meets the safety standards set by the city or town. Meeting these standards not only ensures safety but can also maintain or increase the value of the property. Ignoring the need for a building permit can lead to serious repercussions down the line, including fines, slipshod work, and potential legal battles.
Conclusion
Opening a storefront is a significant milestone, and every business owner wants it to be a grand success. You, as a business owner, will find the journey to success smoother when you’ve taken care of all the legalities. Matanky Realty Group understands the intricacies involved in the leasing process and the importance of securing the proper permits and licenses. Remember, by doing things right from the start, you set your business up for longevity, legitimacy, and success.
Whether you’re a seasoned business owner or a newcomer to the retail scene, our experienced commercial real estate professionals stand ready to guide you every step of the way. Let’s build a bright future for your storefront business together.