Entrepreneurship Review - Business Permits

Organizations sanctioned by state laws and are considered “legal entities” separate and distinct from the owners

The permit required when you'll purchase wholesale merchandise for the purpose of reselling it.

There are three main legal forms of businesses that can be established in the United States.

You need your EIN in order to apply for a business license

The biggest difference between an S-corporation and a C-corporation is how taxes are paid.

There is only one person in a Sole Proprietorship.

A seller's permit can also be called a "reseller's" permit.

EIN stands for...

In a partnership, FIVE or more individuals combine to form a business.

Grants you, the owner, the privilege of legally operating a business within a certain city and/or county jurisdiction

A permit needed to prepare food as part of your business.

A permit that categorizes land space as residential or retail/commercial.

If your business is home-based, many local governments require that you obtain a home occupation permit.

Local business licenses usually must be renewed annually.

A permit needed to remodel or build a commercial space.

Where do you apply for an EIN?