Knowledge: To drive on the road, license is required and must be renew every year. On the other hand, small buiness must have a permit from the city.

Conversation:
I was thinking of starting a small business, do you know anything about those?
Well they are privately owned corporations that have few employees and less revenue than larger corporations.
Ah I see. Do you think a license will be required?

Response: Yeah, to have a small business it is required to have a license.