Business License?

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calvin

posts: 39

Sep 16, 2007 1:31 AM ET Quote Report Abuse

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When someone asks if you have a business license, is that the same thing as
being incorporated?

I have an S-Corp but a service I`m looking into is asking for a business
license.

Thanks.

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calvin1214@hotmail.com

PiperTax

posts: 116

Sep 16, 2007 10:55 AM ET Quote Report Abuse

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Nope, an S-Corp is not the same as having a business license. Generally, a license will be at the city or county level. Incorporation happens at the state level. They`re completely separate things that serve completely different purposes.

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Accounting Made Simple | Sole Proprietor Tax Guide

Fred333

posts: 51

Sep 20, 2007 2:50 PM ET Quote Report Abuse

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Exactly... It also depends on what type of business you are running. You might need more licenses then other businesses. Make sure to check with your state and county office.

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china business card / Wall Street Journal Reader

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