After coming up with a product or service, but before making it available to the public in Tennessee, you will need to apply for all the necessary licenses and permits. Depending on your plans for your company, you may not need many, but certain types of businesses require more than others. Failing to acquire the appropriate licenses and permits could lead to fines and other penalties.
FindLaw explains that in addition to a local operating license, you will probably need to apply for a sales tax license and a federal employer identification number. Your business may also need a zoning or land use permit, a fictitious business name or “doing business as” permit, and a fire department permit. A company run out of a home is not exempt from permits and licenses. In fact, there are often specific requirements for these types of businesses.
If you are providing a service, such as health care, for example, you will probably need a professional license from the state. You will also need to find out the state’s requirements for licensing if you plan to offer services as an attorney, realtor or accountant, or if you will be working in cosmetology, insurance sales or automotive repair, to name a few.
The state requires licenses or permits for sales of products such as gasoline or lottery tickets. Both state and federal licenses are typically necessary for the sale of alcohol and firearms, and there may be local restrictions, as well, depending on which county or municipality you are in.