Business licensing is meant to aid regulatory organizations and ensure compliance from businesses licensed to operate and conduct activities that come under their purview. It makes sure that every business follows local ordinances and state and federal rules and regulations. It also helps classify businesses for taxation and restricts their presence to certain areas based on zoning.
Listed below are some of the most commonly needed business licenses and permits:
A basic business operating license and a business name license are the bare minimum requirements for running a registered business. Depending on the taxation laws of the state in question, a sales tax license will be required if the business is selling a product or service. Every business has to get permits from health and fire department officials that certify the business premises have been inspected and found safe enough for employees and customers.
Professionals in fields such as medicine, law and accounting who provide a service will additionally need to get their own license as required by their profession. Federal laws govern a huge number of business activities that will require an additional federal license. This can be in fields such as agriculture, manufacturing, broadcasting, pharmaceuticals, exports and imports, firearms, tobacco, alcohol and all businesses that participate in inter-state commerce such as trucking and distribution.
Would you like to know more about the laws surrounding business licensing? Our business lawyers can help. Contact a business law attorney near you today for more information.
Did you know?
Tobacco and alcohol businesses above the retail level need permission from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Wholesalers, importers, exporters and manufacturers of alcohol and tobacco need to apply for and get a free written approval letter from the TTB.