Do You Need A License? Regulated Industries… Learn More About

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Do You Need A License? Regulated Industries… Learn More About It…

I once knew a guy whose great idea for a home business was to run poker tournaments from his house. Needless to say, that didnt last long once the police heard about it.

If you think youve got an idea thats going to make you big money, there might be a reason why everyone else isnt doing it and that reason could be related to the law. Many types of businesses are strictly regulated and controlled by governments.


However fun and profitable it might be to put fruit machines in your house, run a mini card casino or just invite the local old people over to play bingo, its almost certainly illegal without a license. Gambling is an industry thats almost always strictly controlled it might be fine to gamble privately with your friends (or, depending on where you live, it might not be), but as soon as you start running it as a business youre on very dodgy ground. Youll also find that most places have laws against for-profit lotteries sorry. Applying for a license to turn your home into a gambling premises is unlikely to succeed. If you wonder why, consider what would...

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