Final answer:
Booth rental licensees acting as independent contractors must have a valid professional license, a booth rental agreement, and the necessary business permits and licenses. Liability insurance and a system for clear financial record-keeping are also key for operating legally and protecting their business.
Step-by-step explanation:
All booth rental licensees acting as independent contractors must have certain items to ensure they operate legally and professionally. These items generally include a valid professional license, if required for their trade, a booth rental agreement, and appropriate business permits and licenses. Having a professional license ensures they meet the necessary qualifications and can legally perform their services. A booth rental agreement outlines the terms of their rental arrangement, including rent, duration, and usage policies. Business permits and licenses are necessary to comply with local business operation laws, which may vary depending on the location and type of services offered.
Additionally, independent contractors should also obtain liability insurance to protect against potential claims related to their work. It's important for booth rental licensees to keep clear financial records, as they are responsible for their own taxes. Some may also choose to establish a separate business entity, such as an LLC, for legal and financial benefits.