Tags: business license, EIN, Home Business, permit, professional license, regulations, sales tax permit

Starting a business? Confused about whether you need a business license or permit?

Virtually every business needs some form of license or permit to operate legally. Knowing which one you need, however, can be a little tricky. It depends on the type of business you are operating, where it’s located, and what government rules apply.

The problem is that many businesses overlook this basic requirement of starting a business often because they simply aren’t aware of what the law requires. This can lead to costly penalties, tax problems, and even the closure of your operation.

The good news is that getting the right license or permit isn’t difficult and doesn’t cost much. Here’s a quick overview of the process of obtaining a license or permit for your new business.

Why Do Businesses Need Licenses and Permits?

One of the biggest reasons business owners need licenses is so the government can track revenue for taxation purposes. However, licenses and permits are also used to protect the public. For example, if you are engaged in a federally regulated industry such as aviation, alcohol, or agriculture, for example, you will need to obtain specific federal licenses or permits.

Read more > http://community.sba.gov/community/blogs/community-blogs/business-law-advisor/how-find-right-license-and-permit-your-new-business

BCN - Mobile Global Media