Separate Company License For Free

To put it simply, licensing is renting your idea to a company. Typically, this company is already in business, meaning they are manufacturing, marketing, advertising, and distributing products. Most importantly, they have shelf space in retail stores.

California doesn't require businesses to have general California state licenses in order to conduct business in the state. However, your LLC may need: a state-level Seller's Permit to collect and pay sales tax. an occupational license.

But good news: Georgia doesn't require a general license to do business in the state. Meaning, your Georgia LLC doesn't need a general state business license. But depending on what type of business you run, your LLC might need an occupational license.

As the old adage says, "Do not put all your eggs in one basket." Instead, many people opt to file a new LLC for each of their start-up ventures. This isolates the risk by separating each business's debts and liabilities.

How to Legally Structure Multiple Businesses Create Separate LLCs or Corporations. You can create separate LLCs or corporations for each of your businesses, because there's no limit to how many a person can form. ... Create Multiple DBAs Under One LLC or Corporation. ... Create Businesses Under a Holding Company.

Licensing the right to make, use, or sell your product is usually the most profitable route for inventors. As patent holder, you retain ownership of the invention and earn royalty payments on future sales of the product. You can grant an exclusive license to one company or several companies.

An idea can not be patented. To obtain a patent, the idea must be presented in one of the following ways: A new way of doing something. A piece of equipment.

It is perfectly legal to run multiple businesses under one limited company. In this situation, the different businesses will have separate trading names (i.e. brand names) to distinguish them from one another.

General Business License. Any business, including home-based businesses, must obtain a local city or county business license. ... Professional License. Certain home-based businesses require state or federal professional licensing or certification. ... Health and Safety Permits. ... Sign Permit. ... Sales Tax License.

Licensing an idea to more than one company requires carving out space for each. And although it isn't easy, it is absolutely doable. Just last year, one of my students licensed her innovation to multiple companies, in part because the first company she licensed it to did not demand an exclusive.