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What is the impact on the business if the licence was not renewed?

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It seems to me that without a license your business is not operating legally. There are many sorts of licenses and permits for businesses and not knowing your type of business it is hard to say. If you own a restaurant or bar and lose your license, you are out of business. If you forgot to renew your selling permit or sales tax number, you can keep operating while you get them renewed.

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