Securing the appropriate licenses and permits is crucial for several reasons:
1. Legal Compliance: Operating without the necessary licenses and permits can result in fines, penalties, or even the closure of your business. 2. Credibility: Having the required licenses and permits can enhance your business's credibility with customers, suppliers, and investors. 3. Tax Purposes: Proper licensing ensures that your business is registered for applicable taxes, which is essential for financial planning and legal compliance.