Professions that require particular licenses embody law, drugs, piloting aircraft, selling liquor, radio broadcasting, selling funding securities, selling used automobiles, and roofing. Local jurisdictions can also https://en.wikipedia.org/wiki/Business require particular licenses and taxes simply to operate a business. A very detailed and well-established body of guidelines that evolved over a very lengthy time frame applies to industrial transactions.
Having a business name doesn’t separate the business entity from the owner, which means that the proprietor of the business is responsible and answerable for debts incurred by the business. If the business acquires money … Read more