Q:

What is the average cost of a small business license?

A:

Quick Answer

The average cost of a small business license is generally several hundred dollars. License fees vary by industry and location, with federal and state licensing boards setting the costs.

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Full Answer

The primary factor affecting the cost of small business licenses is the industry in which the license is being issued. Businesses involved in public transportation and those serving alcohol generally cost more than those that are not involved in public safety. Additionally, many businesses are required to renew their licenses on a regular basis, and additional fees are incurred each time the license is renewed. Renewal fees are often equal to the initial cost of the license.

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