If you’re like many of our clients, you’d like to begin the process of starting your own business. Whether you have a great new profitable idea or see an unfilled market, you need a business license. Once you recognize that, you have to establish which licenses and permits you need. Failing to obtain the right permits and licenses can lead you into quite a bit of trouble. That’s where we come in. Here are the different types of business licenses. Please consult with us before making any decisions – this information isn’t actual legal advice.
Unless you’re entering an industry in which the federal government directly regulates, you won’t need a federal license. Regulatory agencies such as the Bureau of Alcohol, Tobacco and Firearms may require your business to apply for related licenses and permits. And, of course, there’s your federal tax identification number.
For certain types of businesses, states may require licenses depending on location. Some of these industries include food service, retail, law, medical and even beauty services such as barbers. Don’t forget to apply for a state tax identification number, too.
Local in this application can mean municipal, city, town or county. It requires a lot of finesse to navigate the red tape here. Everything from zoning to sign location may require special permissions and paperwork. If you plan on establishing a business out of your home, make sure that zoning laws will allow it.
Business law is a complicated field and it all starts before you even have a business in the first place! We’re here to help you every step of the way and make sure all of the paperwork gets completed and filed appropriately. Give us a call today to get started.