What are the basic licenses needed for a simple business?
Most business need about 5 permits and licenses:
1. Business License
2. Seller's Permit (if you are selling tangible products)
3. EIN, number from the IRS (similar to a social security number for a person)
4. Bank Account in the name of the business
5. Liability Insurance
There are other requirements that depend on your industry, like a restaurant needs a Health Permit, a Barbershop needs a Beauty License, and so forth.