Edgewood, IN Business License Basics
If you own a business in Edgewood, IN you'll need a license to operate. There are various types of Edgewood business licenses and permits that are required by various government entities at federal, state and local levels. An operating license is the basic type of business license that most all businesses will be required to have.
Each level of government has specific regulations and requirements that has to be met before a business can get a license. If you don’t know the licensing rules in Indiana and follow them it could lead to expensive fines and putting your business in jeopardy.
Types of Business Licenses in Edgewood, IN
Federal Business Licenses – The federal government has a number of agencies that regulate and supervise business activities. If your business participates in any one of these federally regulated activities you will need to get a federal business license.
Activities that'll be required to get a federal business license include:
- Alcohol manufacturing, importing and sales
- Agriculture
- Firearm dealing, importing and manufacturing
- Ammunition and Explosives dealing, importing and manufacturing
- Aviation
- Wildlife related activity
- Mining
- Drilling
- Commercial fishing
- TV and radio broadcasting
- Trucking
State Business Licenses – Nearly all Edgewood businesses must obtain some kind of state business license to be able to legally operate. At the very least a business will need to get a professional or occupational license. Indiana business licenses are typically used for tax purposes.
Local Business Licenses – Local Edgewood governments and municipalities also grant business licenses. All businesses will be required to get some sort of local business license in order to operate in Edgewood.
Permits – Permits are more specific to a certain type of business within an industry. Permits have a wide variety of purposes from parking to product sales.
How to Get Edgewood Business License
The steps you will need to take to obtain a business license in Edgewood will vary depending on what sort of business license you need. No matter what type of license you are hoping to get you will need to fill out application form(s) and supply detailed information about your business.
If you are starting a business or expanding your business you will have numerous forms to fill out. Be ready to supply your Employer Identification Number (EIN).
The SBA (Small Business Administration) has great online tools for helping business owners figure out exactly what type of Edgewood business licenses they need to get, links to websites, applications and instructions. If you’re just starting a business and need assistance with licensing, the SBA is the best place to learn more.
Maintaining Your Edgewood Business Licenses
Once you get your Edgewood business licenses and permits you must still maintain them yearly to keep them up to date. The guidelines below are recommended if you wish to ensure your business license is in good standing.
- Make copies of your business licenses and permits.
- Keep track of when licenses and permits have to be renewed.
- Follow the regulations for displaying your business license.
- If you intend to change or expand your business make sure you verify whether you need additional permits or business licenses.