How And When To Obtain A Business License In Nashville

If you’re considering purchasing a property in Nashville to use for business, you’ll need a business license. If a business is located within the Nashville city limits, the owner must pay for a business license or a minimal activity license. The fee for that is $30. Now, if the business is outside the city limits, but still in the county, the owner still has to pay for a business license or a minimal activity license. Outside the city limits, the fee is just $15 though.

If your gross receipts fall between $3,000 and $9,999 during a fiscal year, you only need a minimal activity license. This license is renewed annually.

The City of Nashville makes it easy to get a business license. You can download and print the application right from their website.

You have to include the following information on the application:

Business name
Business address
Business telephone number
Owner’s name(s)
Owner’s home address
Owner’s home telephone number
Owner’s social security number
Copy of owner(s) driver’s license
Signature of each owner

Don’t forget, you still have to report your gross receipts to the Tennessee Department of Revenue each year.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact […]

Let’s Talk About Triple-Net Leases

When entering the world of commercial real estate, you were probably told to pick one of the basic types of leases and to stick with it. Determining whether a gross, net or modified gross lease is best for you can depend on a number of factors, including who you’re marketing your building to and what type of structure you have.

If you’re thinking about a net lease, you’ll find that the term can actually be broken down even further, into three categories: single, double and triple.

Single net leases have you charge the tenant for rent (high), utilities, and a part of the property tax.

Double net leases specify that the resident bear the cost of rent (lower), utilities, some of the property tax and a portion of the insurance.

Triple net leases usually have the occupant take on the rent (lowest), plus all of the above and maintenance.

Each type of lease has their pros and cons. If you’re thinking a triple net lease looks attractive—you also need to figure out how aggressive you want to be with your monthly cash flow. Are you looking to just kick back and let the fixed rent amount trickle in steadily, or are you ready to jump in and manage every detail, with a larger sum of cash hitting your bank account each month?

You leave a lot of responsibility in the hands of your tenant when you decide to sign a triple net lease. The renter is responsible for maintenance, insurance and taxes. All of these could easily be defaulted on, if the tenant chooses. If the occupant neglects to repair the building, or pay their insurance, you may not find out until a disaster happens. You also need to be certain that […]

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