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.
Because of its location at the crux of the Mississippi Delta, Memphis has long played an important role in its region -- a key point for transportation, agriculture and even military advantages. Thus, it's no surprise that today's Memphis has a thriving and diverse business community. The city and the state make try to make it easy for small business, which helps drive the Memphis economy. Licensing is relatively simple and straightforward and free from excessive regulation. Today's Memphis is as well known for its diverse industries as it is for gospel and country music. The air freight, transportation, paper, agriculture, food, electronics, light manufacturing, pharmaceutical and healthcare industries all hold a significant presence in the city's economy.