License

From Wikipedia, the free, on-line encyclopedi:

The verb license or grant license means to give permission. The noun license (licence in British spelling) is the document demonstrating that permission. License may be granted by a party ("licensor") to another party ("licensee") as an element of an agreement between those parties. A shorthand definition of a license is "a promise (by the licensor) not to sue (the licensee)."

Licenses are required before one can start many different kinds of businesses. In Philadelphia, you have to purchase a "Business Privelege License." I have yet to know what privelege that grants you, except the priviledge to be double-taxed. Attorneys, CPA's, Real Estate Agents, Real Estate Brokers, Insurance Professionals, Financial planners, Social Workers, and so on must obtain a license. So, before you start your business, figure out what licenses you will need, what you have to do to get one, and how much that will cost.

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Entrepreneurship informs all my professional activities. For entrepreneurial real estate go to www.yourstopforrealestate.com/blog and for entrepreneurial writing to www.kearneymusicschoolmurders.blogspot.com.