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A business licence is a document issued by a government authority that allows the owner of a business to operate within the country, province, territory, or municipality that issues the licence.

License means permission to do something, especially formal permission from a government or other authority. The word often refers to the proof of that permission, such as a card or certificate.

Examples of licenses include a company using the design of a popular character, e.g. Mickey Mouse, on their products. Another example would be a clothing manufacturer like Life is Good licensing its designs and brand in a certain country to a local company.

The DBA license, also known as a doing business as license, will be required if you're operating your company under a fictitious name. This includes sole proprietors who are running a business under a name other than their legal name.

Licence is a UK convention, while license is a US convention. In the UK, licence is used as a noun, and in the UK convention, license becomes the verb. In the US version, license is used to imply both the noun and verb forms.

A master business licence is a document that lists your business name, address, business number, and a brief description of your business activities. An MBL will also state the type of business you have, such as sole proprietorship, limited liability partnership, or extra-provincial limited liability partnership.

Most businesses that operate in Ontario and have annual sales, or revenues, totalling more than $30,000 must register for and charge HST. If your total annual sales are less than or equal to $30,000, you are considered to be a small supplier and are not required to register and charge HST.