The Everything Guide to Starting an Online Business by Randall Craig

Author:Randall Craig [Craig, Randall]
Language: eng
Format: epub
ISBN: 9781440555312
Publisher: Adams Media
Published: 2012-07-15T00:00:00+00:00

Trade associations and professional associations are useful resources for licensing and compliance information. These affiliations consist of members who are all in the same business so they are used to answering typical questions from individuals starting out in that line of business. Trade associations may also provide training for compliance with various regulations.

In most cases, business licenses are not costly, but they can make the difference between staying in business or being shut down—and even a temporary shutdown can cost you a lot in revenues. Certain cities make it clear that you must have a business license in order to operate. For example, any business of any type in the city of Chicago will need a business license. There are nearly 200 different types of business licenses in Chicago, and your business will certainly fall under one heading, if not several. So if you’re starting up a business in Chicago, make a visit to city hall.

Some businesses need to adhere to federal regulations. Radio stations, for example, must follow Federal Communications Commission (FCC) rules. Internet-based businesses present many gray areas in regard to application of standard regulations set forth by governing bodies such as the FCC and Food and Drug Administration (FDA). Thus far, it has been difficult to impose restrictions on the Internet because websites can be based out of, and accessed from, anywhere.

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