Business owners can now register their businesses online, or even on-site at their own locations.
And it’s not just about getting your license, either.
It’s about securing your business with a corporate identity that’s backed up by a security guarantee, according to the state of Missouri.
The new rules are being put in place in response to the increasing number of Walmart employees in Missouri.
“We’ve seen an increasing number and increased interest in Walmart as an employer in recent years,” said Missouri Secretary of State Marcia Fauci.
“I think that there are a lot of people out there that are looking to start businesses at Walmart.”
You can find more details on the new rules here.
Business license holders must get the company to register their business, but not any information about the business, and must also provide the Missouri Department of Revenue with any business-related records, such as bank statements, property records, and phone records.
That information will be shared with the department for use in investigations.
If a license holder fails to provide those documents, the department can revoke their license.
Faucs office is also taking a new approach to tracking potential new businesses.
“There’s been a lot more activity around new businesses than we’ve seen in the past,” Faucci said.
“A lot of times, when a business goes into a store, they may be a new business, they’ve never been a business before, they’re a new company that’s going to make money off the store, and so we’re looking for those companies that we think are ready to start up in Missouri.”
Faucci said the department also has a number of new licensing requirements in place.
It has to be at least 30 feet tall, and it has to have an internet presence of at least 10,000 people.
Businesses that aren’t on the list can still apply to the Missouri Business Development Corp. for a business license, but those businesses must be at the very least at least 100 feet tall and 50 feet wide.
Fucci said it’s important for businesses to understand how the new laws are going to affect them.
“It’s a very different experience,” Fucoc said.
“[With] the new online business, you can get the information right away.
If you’re at the grocery store, you get the same information as the other customers, and you can go directly to the store.”
The state also is changing how licenses are granted to new businesses, from requiring a “notice of application” to requiring a 10-day waiting period before a license can be granted.
That means new businesses can’t be granted a license in less than 24 hours.
Fausci says she’s not sure when that will be in effect.
“The waiting period will be extended,” Fausce said.
Faucicci said that if a license is granted and a business is located within a 20-mile radius, it’s a no-fly zone for those businesses, meaning no permits can be issued.
She also said that all new businesses must have a business plan, and if they’re using the internet, they have to post a notice of plan to the department.
If that plan isn’t in place, the business can’t operate.
“That’s a really important piece of information for us, because if it’s an online business or not an online entity, if the plan is not in place and the business is operating in an offline entity, then you’re a problem for us,” Faucci said.
For more information about business licenses and their requirements, you’ll want to check out our full coverage on the rules.