Lake Arrowhead, ME Business License Basics
If you have a business in Lake Arrowhead, ME you are required to have a license to operate. There are various types of Lake Arrowhead 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 comprehend the licensing rules in Maine and follow them it could lead to expensive fines and putting your business in jeopardy.
Types of Business Licenses in Lake Arrowhead, ME
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 will be required to get a federal business license include:
- Alcohol manufacturing, importing and sales
- Firearm dealing, importing and manufacturing
- Ammunition and Explosives dealing, importing and manufacturing
- Wildlife related activity
- Commercial fishing
- TV and radio broadcasting
State Business Licenses – Many Lake Arrowhead businesses will have to obtain some type of state business license in order to legally operate. At the minimum a business should get a professional or occupational license. Maine business licenses are typically used for tax purposes.
Local Business Licenses – Local Lake Arrowhead governments and municipalities also grant business licenses. All businesses will be required to get some good type of local business license in order to operate in Lake Arrowhead.
Permits – Permits are more specific to a certain kind of business within an industry. Permits have a wide array of purposes from parking to product sales.
How to Get Lake Arrowhead Business License
The steps you have got to take to obtain a business license in Lake Arrowhead will vary depending on which type of business license you need. Regardless of what type of license you are attempting to get you will need to fill out application form(s) and supply details about your business.
If you are starting a business or expanding your business you will have numerous forms to fill out. Be prepared to supply your Employer Identification Number (EIN).
The SBA (Small Business Administration) has great online tools for helping business owners determine exactly what type of Lake Arrowhead business licenses they should get, links to websites, applications and instructions. If you’re just starting a business and need help with licensing, the SBA is the perfect place to find out more.
Maintaining Your Lake Arrowhead Business Licenses
Once you get your Lake Arrowhead business licenses and permits you must still maintain them every year to keep them current. The guidelines below are recommended in order to ensure your business license is in good standing.
- Make copies of your business licenses and permits.
- Monitor when licenses and permits need to be renewed.
- Follow the regulations for displaying your business license.
- If you want to change or expand your business make sure you verify whether you need additional permits or business licenses.