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Licenses needed to start a small business
Proper Licenses
Certificate of Occupancy Most local governments will require a certificate of occupancy.This is important so that it is clear where the new business will be operating from.A certificate of occupancy will also protect the small business owner from being forced to leave a certain area.If the small business will be portable, or will set up in a park or on a sidewalk, they should gain permission from the city.This will ensure that competing portable businesses do not steal a certain location, and it will protect the small business owner from being forced to leave and fined for not following city regulations regarding street vendors. Business Insurance In order to acquire a business license, or at least to begin operation, many governments will require that the business have some sort of business insurance.Just like an individual will buy home owners insurance or car insurance to protect these assets from disasters or accidents, a small business owner should have insurance to protect their business from disasters or accidents.Because a small business is usually so dependent on the markets in their area, a natural disaster could completely destroy them.Business insurance will help protect the business owner from these instances. Liability Insurance Liability insurance is important to have in order to further protect the small business owner.For instance, if a customer were to get injured on the property of a small business, that business could be liable for those injuries.Most small businesses are not in a position to defend against litigation or to pay the hospital bills of a client who was injured on business property.Liability will cover the small business is instances such as these. Small Business Counseling Many communities seeking to boost their economy will host a small business center where potential small business owners can go and get help with the process of opening a business.These locations will have advisors that are familiar with the local laws and procedures for starting a new company.Potential small business owners would be wise to seek advice from these locations instead of trying to wade through the process on their own. Potential small business owners should be sure that they have acquired all of the necessary licenses before ever opening their doors.While the laws and requirements may vary from location to location, companies should look into getting a business license, a certificate of occupancy, and insurance.If they have any questions or are unsure of the local laws, they could also consult with a small business start-up location.
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