Licenses & Permits
Liability & Insurance
IP
Business Identification
Business Scenarios
100

This document gives a business permission from the city or county to legally operate.

What is a Business License?

100

This word means being legally responsible if your business causes harm or damage.

What is Liability?

100

This term refers to creations of the mind such as inventions, logos, and designs.

What is Intellectual Property?

100

This number is used by the IRS to identify a business for tax purposes.

What is an EIN (Employer Identification Number)?

100

A student starts selling handmade bracelets online and must collect tax from customers. What do they need?

What is a Sales Tax Permit?

200

Businesses that sell products and collect tax from customers must apply for this permit.

What is a Sales Tax Permit?

200

This protects businesses financially if accidents, damage, or lawsuits occur.

What is Insurance?

200

This protects brand names, logos, and slogans from being copied.

What is a Trademark?

200

Businesses usually apply for this number if they plan to hire employees.

What is an EIN?

200

A photographer wants protection if a client claims their work caused financial harm. What insurance helps?

What is Professional Liability Insurance?

300

This permit allows someone to legally operate a business out of their home.

What is a Home Occupation Permit?

300

This type of insurance protects a business if someone gets injured on their property.

What is General Liability Insurance?

300

This protects original works like books, music, art, and movies.

What is Copyright?

300

This agreement allows another person or company to legally use your brand, idea, or product.

 What is a Licensing Agreement?

300

A new clothing brand wants to protect its logo from being copied.

What is a Trademark?

400

Restaurants and food trucks must have this permit to show they follow food safety regulations.

What is a Health Department Permit?

400

If a product causes harm to a customer, this insurance helps protect the business.

What is Product Liability Insurance?

400

This protection is given to inventors for new inventions or product designs.

What is a Patent?

400

Professionals like doctors, lawyers, and cosmetologists must obtain this before legally working.

 What is a Professional License?

400

A company invents a completely new product and wants legal ownership of the design.

What is a Patent?


500

This permit confirms a business can legally operate in a specific location based on land-use rules.

What is a Zoning Permit?

500

This insurance helps cover medical bills if an employee is injured while working.

What is Workers’ Compensation Insurance?

500

This type of intellectual property protects secret formulas, recipes, or strategies that give a company an advantage.



What is a Trade Secret?

500

This permit is often required for people selling items temporarily at markets, fairs, or festivals.

What is a Vendor Permit?

500

A soda company keeps its recipe secret because it gives them an advantage over competitors.

What is a Trade Secret?