Business Permits and Occupational Licenses

Before starting a business, it's crucial to research and obtain the necessary permits and licenses. This includes professional licenses for certain fields and product-specific licenses for selling items like alcohol or firearms. Preparation is key, as proof of these licenses is often required to obtain a business license. Additionally, other permits such as zoning or building permits may be needed. Conduct thorough research on your business type to avoid delays.

What is the primary purpose of a business license or permit?

• To enable local jurisdictions to tax businesses

• To allow businesses to operate tax-free

• To ensure business compliance with federal laws

• To provide businesses with insurance coverage

Why might a business need a license when dealing with vendors or banks?

• To ensure employee safety

• To increase their market value

• To receive certain account statuses and apply for loans

• To avoid paying taxes

Which of the following is an example of an occupational license?

• Driver's license

• Fishing license

• CPA licensure

• Business license

What is zoning primarily concerned with?

• Regulating the types of activities allowed in specific areas

• Providing businesses with marketing strategies

• Ensuring businesses have insurance

• Determining tax rates for businesses

What might prevent a business from operating out of a home?

• High property taxes

• Strictly residential zoning

• Insufficient parking space

• Lack of internet access

What is required before undertaking business in a newly constructed or renovated location?

• A business insurance policy

• A zoning variance

• A certificate of occupancy

• A marketing plan

What does DBA stand for in business registration?

• Department of Business Affairs

• Direct Business Agreement

• Daily Business Activities

• Doing Business As