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Small Business News

June 2018

Setting up a new business involves a lot of hard work and careful planning. You have to develop a business plan, set your budget, consider marketing options and so much more. It is important to take some time to make sure your business is compliant with federal, state and local business regulations. Does your industry require special licensing? Does the city or township where your business is located require permits? Your B2B Team is available to help you find answers to these questions.

If you do business across state lines or in federally regulated industries you may be required to obtain special licenses or permits from the federal agency responsible for regulating your industry. This could include everything from agricultural businesses to broadcasting. The U.S. Small Business Administration offers a list of some of the federal agencies and industries that you may review to learn more.

State and local regulations can vary greatly but often impact a wider range of industries and services. Visit your state’s corporation commission or secretary of state website to learn more. Check with the county or city where your business is located to see if they have information on local permit or licensing requirements. Once you determine what you need, the cost and the process, take note of renewal dates and mark your calendar accordingly. If you have any questions about permits and licensing for your small business, contact your LegalShield provider law firm and speak with an attorney.

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Mary Fritsch-Derrick