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VOL. 127 | NO. 80 | Tuesday, April 24, 2012

Biz Licenses Drop 2 Pct. in Q1

By Aisling Maki

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The number of business licenses filed with the Shelby County Clerk’s office decreased by about 1.8 percent to 1,528 in the first quarter compared with 1,556 in first quarter of 2011, according to The Daily News Online, www.memphisdailynews.com.

The number of filings in which the applicant is a Tennessee resident also saw a slight decrease of nearly 1.7 percent, with 1,456 permits in Q1 as compared to 1,481 for the same period last year.

Proprietors planning to do business in Shelby County can file from any location, and filings by non-residents showed a very slight decrease, with the remaining 72 permits issued in Q1 to residents of 19 other states, compared with 75 nonresident filings from 20 other states in Q1 2011.

In the first quarter, Cordova North’s ZIP 38016 led the way for the Shelby County ZIP codes with the most business licenses issued, at 85, followed by Raleigh’s 38128 (77), University of Memphis area’s 38111 (76), Collierville’s 38017 (73) and Oakhaven/Parkway Village’s 38118 (67).

For the same period last year, Hickory Hill North’s 38115 led the way with 75, followed by University of Memphis’ 38111, Oakhaven/Parkway Village’s 38118 and Bartlett’s 38134, each with 71 business filings.

Rounding out the top five were Raleigh’s 38128 (67), Southeast Shelby County’s 38125 (65) and Whitehaven’s 38116 (64).

January saw the most in-state Q1 filings for business licenses, with 507, followed by February with 503 and March with 446.

There were 489 corporate charters filed in Q1, about a 4.5 percent decrease from Q1 2011, when 512 corporate charters were issued. The majority of those – 258 – were limited liability companies, on par with the Q1 2011’s LLC filings.

Business permits were sought for a wide range of businesses, including gas stations and convenience stores; tax services; restaurants; painters; beauty salons; photographers; auto care; tree and landscape services; construction; home improvement; day cares; and cleaning and janitorial services.

One notable business license filing in the quarter was that of Mulan Bistro, which opened in late February at 2149 Young Ave. The eatery, which also has a location in Collierville, joins other additions over the past year to the booming Cooper-Young entertainment district, including Imagine Vegan Café, Stone Soup Café, Alchemy and Sweet Grass Next Door.

Another filing was that of Life is Good Life, a retail store that opened Thursday, April 19, at 175 Peabody Place, and will celebrate its grand opening Friday, April 27.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 0 43 3,838
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 65 247 14,281
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 18 93 4,650

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