Businesses must adhere to the federal, state, county and local business license and permit regulations. The requirements vary by location and business activity. Any business activity without the necessary licenses and permits is not legal and would result in penalties and may also result in closure of the business.
Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction. It is the authorization to start a business issued by the local government. A single jurisdiction often requires multiple licenses that are issued by multiple government departments and agencies. Business licenses vary between countries, states, and local municipalities. There are often many licenses, registrations and certifications required to conduct a business in a single location.
In Singapore a business license is a permit issued by the Singapore Government agency that enables the business entity to conduct a particular type of business.
- Business Activity License and Permits is the standard permit to operate a business locally, and it is required of most every business, no matter how large or small.
- Any business during the course of its operation would have to renovate, erect advertising billboards on the premises, hire foreign workers or export the products.
- If an enterprise wants to sell controlled goods such as cigarettes and liquor, a license or permit is required.