Business License

Definition - What does Business License mean?

A business license is a legal document that some types of businesses have to attain prior to doing business. An example of this is a bar or any place that sells alcohol; the business license would be a government certification that the business premises was allowed to legitimately sell the product and complied with any regulation related to that.

All professional services need some type of business license with the legal and financial industries.

Justipedia explains Business License

Business licenses can be revoked by the authority if the business does not comply with all of the rules and regulations that are required for the legal distribution of its product or service. An example is the need for professional services to have professional indemnity insurance and potentially commercial insurance on the property in order for the business license to be issued.

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