Tax Compliance, Inc. and Business Licenses, LLC Forge Alliance Integrating Web’s Largest Online License Form Database into LicenseHQ
On-line Business License Software
SAN DIEGO, California, May 8, 2008 Tax Compliance, Inc. (TCI) and Business Licenses, LLC today announced a strategic alliance with the integration of Business Licenses, LLC’s Online License Database into TCI’s LicenseHQ license compliance software. The alliance combines the Web’s largest license form database with LicenseHQ’s cutting-edge workflow and reporting tools to create a complete license solution minimizing the amount of time customers spend on costly research tasks and overall license compliance costs.
Business license compliance is a constantly evolving burden for many companies. The opening and closing of corporate locations, changes in jurisdictional requirements, and new license forms and fee schedules all combine to create substantial challenges for corporations looking to minimize overhead costs. The result is frustrated and overworked compliance personnel wasting valuable time researching license compliance requirements, obtaining necessary forms, and gathering internal data in an attempt to adhere to hundreds, or even thousands, of deadlines each year. While most license fees are nominal, the cost of non-compliance can be substantial, including significant revenue losses due to site closures.
“Our customers will greatly benefit from having instant access to Business Licenses, LLC’s Online License Database, license research, audit, and gap analysis capabilities embedded within LicenseHQ,” said Scott Strauss, CEO of TCI. “The combined strength of our workflow and reporting tools with their forms and services provides our joint customers a ground-breaking solution saving many customers thousands of dollars each year.”
“We thought LicenseHQ was a natural fit for our Online License Database and license compliance tools,” said David Polatseck, President of Business Licenses, LLC. “LicenseHQ provides a seamless interface for our information services.” He added, “We think customers will be amazed at how much data they have at their fingertips, and how much time they will save.”
About Tax Compliance, Inc.
Tax Compliance, Inc. develops, markets, and supports Property Tax Management System (PTMS) and LicenseHQ. PTMS is a highly automated real and personal property tax compliance software system currently used by more than 530 companies, including 50 Fortune 100® corporations. LicenseHQ is a Web-based application for business license and permit compliance. For more information, visit www.taxcomp.com.
About MLM Information Services LLC
MLM Information Services, LLC, is a leading provider of corporate tax software solutions through its wholly owned subsidiaries Tax Compliance, Inc. (www.taxcomp.com) and CORPTAX, LLC (www.corptax.com). TCI and CORPTAX provide software, information, and services to corporate tax departments and professional services firms to enable them to comply with regulatory requirements and streamline their business processes. MLM is owned by Warburg Pincus, one of the world’s largest private equity firms, and by Mason Slaine, MLM’s Chairman and CEO.
About Business Licenses, LLC
Business Licenses, LLC specializes in products and services that assist companies with the procurement and overall compliance of business licenses, permits, and tax registrations on the federal, state, county, and municipal levels, throughout the U.S. Business Licenses, LLC operates a huge online repository of business license & permit applications and related data covering every licensing authority (www.businesslicenses.com). In addition its products include business license research, filing, audit, and gap analysis. Thousands of companies, including many Fortune companies use its services daily.