Now that you’ve decided what type of business you would like to go in, it’s time to make it formal. All businesses need at least one local, state or federal license to legally operate in the United States, so the next step is to obtain a business license for the state in which you would like to do business, that is actually a fairly quick and easy process.
Laws vary state-to-state, but typically your own state’s secretary of state’s Web site is where you should begin. Conduct a simple lookup in your favorite search engine to find the Website for your secretary of state. When you have arrived on the appropriate site, there will be various business licenses available for you to definitely choose from.
After choosing the appropriate license(s), you will be taken to a screen that will enable you to download the forms you have to apply for your license. Fill out all of the forms associated with applying for your particular license. Prior to submitting your application, make a duplicate to keep for your records. Some says allow you to submit forms electronically, while others require forms to be mailed. Either way, make sure the full fees are posted with your application. After your application is definitely submitted, the approval process generally will take a few weeks to complete. Once your own license is approved, you will receive your business license in the mail, and may begin conducting business.
Make sure you take be aware of whether the license must be renewed on a regular basis. If so, keep track of the vitality dates and be sure to renew your license prior to expiration, as you can find serious penalties and fines for businesses that operate without suitable licenses. Also keep a copy of your license for your business records.
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Many states require business owners to display their licenses so they are visible to customers and clients. If this is a requirement for your particular license, make sure to do so, as not displaying this license when it is required is also considered a serious violation.
It is important to note, if you ever expand your business or its products and/or program offerings, you may need additional licenses. Just before any expansion projects, you may want to check to see if any additional licenses are required for the business, just to play it secure. If your business is involved in activities supervised and regulated by a federal agency, you will likely also need to obtain a federal license, based on the Small Business Administration.
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