Different types of licenses7/12/2023 It attracts a fee of $110 for every renewal term. It cannot be transferred to another business or person. Such a license could take about 45 days to be approved and needs to be renewed after every two years. This is critical since your business may be required to meet other obligations and follow regulations that don’t involve licenses and permits.īelow are eight types of business licenses you will come across.Ī general business license is required for businesses with a physical location operating within a city. An online search can easily give you this information, but you should also consider checking with your municipal government what the requirements are for a new business. ![]() The first step to getting a business license is to identify which one(s) applies to your business. ![]() In some cases, you will need multiple licenses and permit from different levels of government to be allowed to transact business. The type of license you will require depends on the nature of your business and where you are operating from. ![]() To do business anywhere in the world, you need a business license.
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