Known of its progressive attitudes and social welfare, Massachusetts is a state awash in licenses and permits. Businesses of all types must comply with numerous regulations. Entrepreneurs should expect a lot of paperwork and processes to become legal to operate.
In Massachusetts, financial Services Firms provide financial planning, money management and investment advice. Because people rely heavily on the advice of financial services professionals, firms are required to be licensed at both federal and state levels. Of course, local businesses licenses are usually required as well.