What is a business broker?
Business brokers bring together buyers and sellers of businesses for a commission. These brokers help solve entrepreneurs’ problems. Some people are tired of running the business they have, other people inherit businesses they are not interested in running. They need help finding someone else who can maximize the economic potential of the business. Business brokers try to find a suitable buyer for the business. Many new entrepreneurs purchase a business because rather than starting their own business they prefer an established business that already has a baseline of success. Also, some entrepreneurs look to buy businesses because acquiring an existing company can complement an existing business successful business that they already own.
I am setting up a business in the United States; what licenses do I need?
Once you form, a corporation you have to look into the local regulations of where the company is registered. There are many places where no license is required but in order to make sure you are in compliance you must check government regulations at the state, county and municipal level. For example, if a New York corporation is operating in the city of Great Neck then the company must make sure it is in compliance with the municipal laws of Great Neck, Nassau County (County), and the state laws of New York. Each business location has its own requirements. Information about business licensing can easily be found on the websites of the jurisdiction in question. It is very important to be in compliance with these regulations because it easy to get in legal trouble and/or pay penalties because the company is operating as an unlicensed entity.