Obtaining the necessary licenses and permits is essential to operate legally. These can vary based on the nature of your business and its location. Common types include:
- General Business License: Required for all businesses. - Professional Licenses: Needed for specific industries like healthcare, legal services, etc. - Health and Safety Permits: Necessary for businesses like restaurants. - Environmental Permits: Required for businesses that have an environmental impact.
Failure to obtain the correct licenses and permits can result in fines, legal action, and business closure.