![]() Further, your business may also need to have permits. ![]() ![]() In a jurisdiction that requires a business license, you cannot legally operate your business without a license. The business license is needed to protect the public health and safety, and to account for your finances and taxes. The recent government regulation challenges of economic affairs include raising the minimum wage, nutrition labels on food products, and warning labels on any product that are considered dangerous.Ī business license sets forth your business and makes you accountable. A business license is considered an economic regulation that controls the financial opportunities of a business, which was considered a governmental intervention into market transactions.
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