Business license definition economics

Do you need a business license or permit?

It varies by state but generally, businesses tend to need licenses or permits for a few common reasons:

If you operate a brick-and-mortar business

you may need permits to allow commercial activity on the property and to build or remodel the building.
Your municipality might also require permits for things like signage and fire safety.

What does a license bureau do?

In big cities, license bureaus are set up to control business locations--to keep people from operating an auto-repair business next door to a school, or to keep people from running certain types of businesses from their homes.

What is a franchise license?

A franchise is a type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks, thus allowing the franchisee to sell a product or service under the franchisor's business name

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