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What are business licenses?

What are business licenses?

Business licenses are permits granted by government authorities that allow individuals or companies to operate a business within the government's geographical jurisdiction.

Our Relationship Managers will guide you through each phase of the corporate lifecycle. With Business License, your corporation will have many chances to:

  • Enter new markets
  • Seek new opportunities
  • Find new customers
  • Open new facilities
  • Bid for new contracts
  • Legal Right and Brand Reputation

Key benefits of a Business License

Having a business license is beneficial to both the company and the company owner, respectively. These benefits include:

Top License Offer

Payment Service Provider

Payment Service Provider

A single payment gateway for clients to multiple payment methods.

Investment Dealer

Investment Dealer

For a forex license, one can legally offer forex trading with the legal counsel’s advice.

Banking

Banking

Legal prerequisite for a financial institution that wants to operate in banking industry

Investment Fund

Investment Fund

Increase the asset diversification to reduce some unsystematic risk

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How to Apply Business License with One IBC

License Research

STEP 1: License Research

Getting the right licenses and permits for your business.

Payment

STEP 2: Payment

Complete your payment in various ways.

Documents Preparation

STEP 3: Documents Preparation

One IBC will help you to list out the necessary documents from government-requirement.

Second Payment

STEP 4: Second Payment

Complete all application forms and verify license is issued

Business License Verify and Compliance

STEP 5: Business License Verify and Compliance

The government agency will check your records and provide additional information if necessary. Then, your License has been approved.

Business License Services Cost

From

US$ 1,899 Service Fees
  • In compliant with registered country’s regulations
  • Fast, convenient and confidential
  • Registration in more than 40 jurisdictions
  • 24/7 support
  • Just oder, we do all for you

Jurisdictions

Whether you are doing business in Europe, Asia, Middle East, the Americas or elsewhere, One IBC will help you obtain suitable license quickly and easily.

FAQs

FAQs

1. What documents are needed to apply for a licence?
Depending on the types of licence you require, you normally need to provide your legal entity document, shareholder/director information, business plan, and some others such as finance statement audit, rental office agreement etc. Rest assured we will support you to do it all.
2. Which licences do Offshore Company Corp provide?
Depending on your business, we can support you to get any licence required from the local government.Contact to us for further details.
3. Do I need a business license if I have an LLC?

Generally, there is no need for any business license when forming an LLC. However, depending on the state and the industry in question, an LLC will need appropriate business licenses when operating. There are many types of license, issued at different levels, from federal all the way down to local town hall. Some states have laws making general business licenses compulsory regardless of the company’s type of business.

In order to avoid any trouble regarding business licenses for your LLC, check with the state government office or consult a corporate service provider like One IBC to have a list of all potential required business licenses.

Some industries require a federal license. In other words, if an LLC operates in any of these sectors, they need to apply with the federal government for their business licenses:

  • Mining and drilling
  • Nuclear energy
  • Alcohol manufacturing, importing or selling
  • Aviation
  • Commercial fisheries, fishing and wildlife
  • Agriculture
  • Firearms, ammunition, or explosives
  • Radio and television
  • Transportation

The location of the LLC and business license requirements - Most popular states guide

All businesses operating in Alaska must have a state business license. The Occupational Licensing Section of the Division of Corporations, Business & Professional Licensing handles this.

In California, there is no standard state business license. However, companies have to apply for local business licenses at the city's offices or city hall.

The Delaware Division of Revenue requires business licenses, even for companies doing business outside of the state. City and/or county business licenses are also compulsory as well.

Florida business license is applied at the Department of Business and Professional Regulations Application Center. Most counties in Florida also require business/occupational licenses or business tax receipts.

The Maryland Department of Business and Economic Development has a list of statewide business licenses and a list of any counties’ special licenses or permissions, very convenient to check if the company needs any license in this state.

In New York, there is no standard state business license, but there are some industry specific and/or local licenses.

There is no statewide business license in Texas. In most Texas cities, a local business license is not necessary as well. However, some industries require their own specific licenses.

A state business license is compulsory in Washington, processed by the Business Licensing Service. Local business licenses are required in Washington as well.

4. What is my business license number?

The business license number is located at the top of the business license certificate or it is usually corresponding with a certain other number issued by the government office during the application process. The business license number can also be looked up at the local business license office using said other number if the certificate is not available.

The type of business license number (also known as a company license number) depends on the city, county or state in question. Most companies, regardless of their size, must register for a business license number and apply for any additional necessary licenses. Some firms need to have a business license number ready before starting their business operation.

In some cases, simply having a tax identification number (such as the EIN) is sufficient. This depends on the type of business, as well as the location in which it is located and operates. Bear in mind, a tax identification number is not the same as the business license number because it is used solely for federal financial purposes.

5. What types of business licenses and permits will I need for my business?

Your company may need to obtain one or more types of business licenses and permits in order to legally operate in the country it is registered in. The types of business license will depend on the jurisdiction you reside in, products and/or services you're selling, your company structure, and the number of employees you have. Because there are too many different license and permit requirements in each country/jurisdiction, there is no universal way to know exactly what type you need for your business.

Here are some common types of business licenses and permits you should know:

  • Seller’s permit/license: to collect sales tax on any taxable goods/services
  • Professional license: required for some specific businesses such as: accounting, legal counsel, plumbing work, massage therapy.
  • Financial services licensing: can be divided into 4 types:
    • Broker license: A must-have if you are doing business in trade markets
    • E-money License: For business that needs its own payment system
    • Banking License: Mainly for small credit organizations to provide banking services
    • Financial License: Important license for financial management and investment funds services
6. What types of businesses need a license?

Before starting a business, you must have wondered at some point, what types of businesses need a license? As required by government law, businesses must have at least one business license or permit issued by their local, county, or state government. The exact type of business license you need will depend on where you're operating, the products or services you're selling, and what your business structure is.

Here are some types of businesses that require a license that you need to know about:

1. Any type of business - General business license

You need a general license to run your business in almost any country and territory.

2. Product or service business - Seller's license

Businesses need a seller's license to be able to sell their products and services in-store or online. It is also possible to collect sales tax on any taxable goods.

3. Companies doing business under another name - Business license doing-business-as (DBA)

A DBA license allows you to legally operate your business under a brand name other than the one you have registered with the government. In certain areas, this license is also known as a trade name license.

4. Health-related business type - Health license

Many types of businesses such as restaurants, beauty salons, tattoo parlors must be inspected and considered for a health license. This license helps keep you and your customers safe.

5. Businesses related to alcohol and beer - Liquor license

You will need this license regardless of the type of business that serves alcohol, including bars, restaurants, event venues and more. You should also consult the laws and permits from the Alcohol and Tobacco Tax and Trade Bureau before starting to operate.

6. Businesses providing certain professional services - Professional license

Certain types of companies as well as employees require a professional license before operating. Most of the companies that need this type of license operate in the service sector such as accounting, legal advice, infrastructure repair.

7. How to get a business license?

When you start a new offshore business, it is likely that you will have to apply for a business license and other necessary permits to run your company legally.

The industry and location you run your business will determine which types of license and permit you need. The license fee will vary accordingly. Because it takes time and resources to get a business license, it is important to find an expert to get the advice on what you need to get a business license.

There are 5 simple steps to get a business license with One IBC:

  • Step 1: Do a license research.
  • Step 2: Make your payment.
  • Step 3: Prepare the required licensing documents.
  • Step 4: File your application form
  • Step 5: Receive your business license.

For more information, please visit here to learn about steps and what you need to get a business license for your offshore company.

8. What licenses do I need to start a business?

Almost all businesses will need some type of license, and many businesses will need to apply for several different types of permits. This depends largely on where you live and the type of industry you're in. Here are the licenses and permits needed to start a business that you should know.

  • General Business License: Businesses are often required to have a general business license to operate. These are also considered indispensable licenses and permits needed to start a business.
  • DBA (Doing-business-as) License: You will need this license if you are operating your business under a fictitious business name (also known as a DBA name).
  • Federal and State Tax Identification Numbers: Applying for a federal EIN, also known as a tax identification number, is almost mandatory for most businesses.
  • Tax sales license: If your business sells goods, you may need to apply for this type of business license.
  • Zoning permit: There are some regions or localities that have laws that prohibit the sale of certain products or services. You will have to learn to apply for this license before proceeding with business.
  • Home Residency permit: This permit is applicable to home-based businesses.
  • Professional license: All types of businesses, especially in the professional services industry, companies and employees need this license.
  • Health Permit: You will need this if you are in the food industry or are involved in employee and customer health.
  • Special federal permits: A federal license will be required if your business engages in activities supervised by a federal agency.

Above is a brief list of licenses and permits needed to start a business, which we hope has provided the necessary information for you and your future business.

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One IBC Club

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