Lesson 17 of 25
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Business License

Lesson Summary

One sure way to get denied by a bank for credit is not being licensed to run your type of business legally. 

Although, in many cases, a business license is not required to conduct business in the United States. Depending on your industry and jurisdiction, a business license is mandatory to legally operate.

For instance, if you plan to open a restaurant, you’ll need one or more of the following business licenses:

  • Prepared Food/Beverage Tax License
  • Business Tax License
  • Alcohol License

If you are unsure of whether you need one or not, you will need to contact your State, County, and City Government offices to see if there are any required licenses and permits to operate your type of business.

You can contact them directly via phone or search their website to confirm if there are any required licenses or permits for your type of business. You can also hire a lawyer to research the required business licenses for your business and apply for them for you.

They can do the research and provide you with all the business licenses, permits, and tax registrations you need for your geographical location and type of business. They also include the actual applications, so you can quickly take care of your compliance requirements.

Next Steps:

Research and Apply for Business Licensing