There is no single statewide license covering every business. You may need city or county registration, a Business Tax Identification Number, and state or professional licenses based on your location and activities. Confirm requirements with the relevant local and state agencies before you open.
FAQ_category: (HIDDEN) Industry FAQs
Base it on your work, employees, property, vehicles, data, and contracts. Many LLCs start with general liability or a business owner’s policy, then add workers’ compensation, professional liability, commercial auto, cyber, or inland marine as needed. The LLC structure itself does not replace insurance.
Vehicles must carry at least $25,000 for injury to one person, $50,000 for injury to two or more people in one accident, and $10,000 for property damage. A $60,000 surety bond or cash deposit is an accepted alternative. Most businesses carry limits well above these minimums.
No state law requires it for every business. In practice, landlords, project owners, and clients frequently require a policy and a certificate of insurance before you can sign a lease or start work. It is also your core protection against third-party injury and property damage claim
Once you employ three or more workers. Businesses performing work licensed under the Construction Industries Licensing Act generally need coverage regardless of employee count. Part-time and seasonal workers can count toward the threshold, and owners can count even when they exclude themselves from coverage.