Your business licence must be renewed yearly, or every two years if you have a two-year licence, to continue to operate your business. Renewal allows you to maintain a valid business licence without repeating many of the application requirements.

A valid business licence indicates to your customers that you run a responsible business that follows the rules and regulations - including zoning, health, fire and building code, and public safety requirements. Requiring all businesses to meet minimum regulatory standards also helps create a level playing field within the business community.