If a business deals with any activity or in any product that is regulated by the federal government then it becomes necessary to apply for a special license with certain agencies.
Though it is rather uncommon and though not very many businesses outside of heavily regulated industries need file at the federal level, companies that are likely to need a federal license include businesses that deal in:
- Investment advice
- Broadcasting
- Trucking or public transportation
- Firearms sales
- Tobacco sales
- Alcohol sales
- Meat preparation or drug production
- Other regulated industries
The typical turnkey business owner is unlikely to fall into these categories, but legal consultation is highly recommended to ensure that a prospective company will not need federal licensing.
