What is a business license?
A business license is a mandatory approval or permit issued by a government agency that authorizes a business to operate within a specific jurisdiction. This license is often an additional requirement beyond the registration of a business at the state level. Whether a business is required to have a specific license depends on such factors as the nature of the business, the types of products it sells and the local government regulations in location of the business.
What is the point of a business license?
- Business licenses hold businesses accountable for their actions and behavior as well as protect the health and safety of the public.
- Professional licenses indicate the level of expertise a particular professional possesses.
- Sales tax licenses are required for the sale of taxable goods.
- The City uses licenses to track revenue for tax purposes.
Who needs a business license?
Almost every company with an income stream will be required to have some type of business license, permit or registration in order to operate legally, in full compliance with government regulations. For more information on specific business licenses click on Applications.
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