DocStoc Launches License123.com to Help Small Business Owners and Entrepreneurs Acquire Licenses and Permits to Avoid Fines and Operate Legally

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The new online service is the first comprehensive solution to ensure new businesses are fully compliant with the laws unique to their city and state.

Many entrepreneurs and business owners struggle to find licensing and permit information, and as a result, suffer exorbitant fees and penalties.

DocStoc (http://www.docstoc.com/), the premier online destination for small businesses, today announces the launch of License123 (http://www.license123.com/), a unique research service to help existing and new businesses discover the permits and licenses they need in order to be compliant with their local, state and federal government.

Licenses and permits are critical for most businesses in all jurisdictions throughout the country. While some businesses may require only one or two licenses or registrations, most require several to legally operate. State selling permits or business tax registrations are almost always required, and are typically the bare minimum with the average business requiring between three to five permits and licenses. Businesses operating without these risk fees, criminal sanctions for the owners and closure.

License123 provides small business owners and entrepreneurs customized comprehensive reports that identify their required (and optional) licenses and the estimated application and license fees associated with them. Each report contains all the information businesses need to complete and file these applications and be fully compliant.

A typical small business owner spends hours calling government agencies to track down the licenses and permits they think they need because there is no current repository that lists all the applicable forms they actually need. License123 gives customers the peace of mind of knowing they are in full compliance with all operating licenses and permits.

“The average business may spend $1000 in penalties and even tens of thousands in lost revenues from being caught operating without a valid license. Many entrepreneurs and business owners struggle to find licensing and permit information, and as a result, suffer exorbitant fees and penalties. The entire infrastructure on the local and national level is broken, and makes it impossible for small businesses owners to make sure they have all the requirements to operate legally. License123.com is the first resource of its kind that will save businesses time and money by preparing customized reports with all the mandatory and optional federal, state, county, city and other regional permits and licenses that businesses require,” said Jason Nazar, CEO Docstoc and License123.

With a growing number of people turning to creating their own businesses during tough economic times, business owners have to be adept researchers or turn to attorneys and accountants for help. All businesses need to ensure they have the right licenses and permits. In many jurisdictions including San Diego, Pasadena and Chicago, even simple home-based businesses need home occupation permits. Businesses like contractors, eldercare services, food-related businesses, commercial and personal transportation, salons, financial businesses and auto repair have tremendous license and permit requirements.

For more information, please visit http://www.license123.com

About DocStoc.com
DocStoc is the premier online destination for small businesses. DocStoc provides the platform to upload and share documents with the entire world, and serves as a vast repository of legal, business, financial, technical and educational documents that can be easily searched, previewed and downloaded for free. DocStoc is also home to a robust marketplace where users can buy and sell professional documents. DocStoc is a primary source for professionals and businesses to promote themselves through their content for increased exposure and business leads.

DocStoc was founded by Jason Nazar and Alon Shwartz in 2006 and was selected one of the initial presenting TechCrunch 40 Companies. The site publicly launched in November 2007, and currently has more than 15 million free downloadable documents. For more information, visit http://www.docstoc.com/

About License123.com
License123 is a unique research service to help existing and new businesses discover which permits and licenses they need in order to be compliant with their local, state and federal government. We help you identify your required (and optional) licenses and the estimated application and license fees associated with them. We provide you a report with all the information you need to complete and file these applications and be fully compliant. For more information, visit http://www.license123.com

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Taryn Langer
Docstoc
973.379.5390
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