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Legal Due Diligence

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Identify the required licenses and permits for your selected business and its scenario.

Acquiring Capital Assets: Compare the legal consequences of the buy versus lease decision for the capital assets the business will need, and explain what method is best for your business.

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One must have a license/permit to operate a bed and breakfast from the state of North Carolina. This license is not transferable and inspections are performed regularly every six months. A grade card is also required to be posted. A transitional permit is needed while inspections for health, safety, and sanitation are being completed. This is also from the state. This is a health inspection.

The requirements are most specific on food and water usage, what constitutes a bathroom and how each should be used or treated.
Transfer of ownership and not just start ups are included and there are two types of permits, one transitional.

The areas included in inspection for the permit include the number of rooms and persons allowed. There are specifications for construction and the categories of foods allowed to be served. In a bed and breakfast the water and maintenance of the water supply are regulated and inspections required. Contractual agreements and arrangements, use of the facility for more than one purpose and other factors in the safe running of a bed and breakfast are part of the permit process and ...

Solution Summary

The expert identifies the required licenses and permits for selected businesses and its scenarios.