
Applying for a business license is much simpler if you know which licenses you need and where to get the forms. Your licenses will depend on where you live and what the requirements are there.
Getting the Right Forms
In almost all cases, you will need to make contact with your city hall or county clerk where you plan to do business. Depending on your industry, you may need a federal or state business license application. The Small Business Administration offers a state-by-state list so you can get started with getting the right forms.
You can also turn to business.gov, which can help you track down requirements and helpful state and local Web addresses based on your Zip code and business.
Business License Application Requirements
A Legal Business Name: If you are operating under a specific business name other than your own, you will need to register your Fictitious Business Name and run that information in your local newspaper. However, if you are using your own name, you can skip this step.
An EIN (Employer Identification Number): You must go to the IRS for this number, which identifies you as a business.
Processing Fees: Don't be caught without your checkbook at this point.
Patience: It can take a long time for your license to be processed, and you may wind up cursing government red tape by the time it is all over. When you turn in your forms, ask how long it will take, and keep following up.
When in doubt, turn to the network you should be building if you are serious about starting a small business. Contact peers in professional associations, and ask city and county employees when you are picking up your local paperwork about other business license requirements.
Starting a business can be one of the most exciting ventures on which to embark, and it's always a good idea to make sure your business is operating legally. Believe it or not, many small businesses do not get the proper licensing, and as a result, may be at risk of legal ramifications. |
It is imperative to have your business legally prepared. How you ask? You need to have a business license, a home occupation license, if running your business from home, a city or county license, (depending on what State you live) plus you need to register your business as fictitious if you are not using your name as a business. |
Are you considering starting your own small business? Check out everything you need to know about obtaining a small business license from where to find small business licenses to tips for applying for a small business license. |