Why do we need a trade license ?

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[ultimate_heading main_heading=”IMPLIES COMPETENCE”][/ultimate_heading]

[ultimate_heading main_heading=”RESOLVE YOUR QUERIES”][/ultimate_heading]

[ultimate_heading main_heading=”What is a trade license registration?” alignment=”left”]

A trade license registration is a certificate that grants permission to the applicant to begin a particular business startup or trade in a particular area. Furthermore, it does not confer ownership of property or does not grant any permission for any other activity other than which it is issued.

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[ultimate_heading main_heading=”What is the purpose of a trade license registration?” alignment=”left”]

A trade license registration is a license that certifies that the manner and locality in which the business startup is carried out is according to the relevant rules, standards and safety guidelines. A trade license will allow an applicant to operate his business startup in a particular area.

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[ultimate_heading main_heading=”Who will issue a Trade license registration?” alignment=”left”]

Trade license is issued by the licensing department of Municipal Corporation in various departments like health, industries, engineering, etc. It confers the permission by the way of letters or documents/certificate to carry on any business startup in the area where it is located. The issuance of the certificate varies from state to state depending on the rules and regulations of local government agencies.

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[ultimate_heading main_heading=”What is the qualification for a trade license registration?” alignment=”left” margin_design_tab_text=””]

Applicant must have the crossed the age of 18 years
Applicant must not have any criminal account

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[ultimate_heading main_heading=”What are the documents required for a Trade license registration?” alignment=”left”]

• • Premises proof (Electricity bill, rent agreement, NOC from the landlord, etc)

 

• • Nature of business startup in which the company deals

 

• • Board of resolution

 

          • Commodity details

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[ultimate_heading main_heading=”How many days does it take to get a Trade license registration?” alignment=”left”]

It generally takes up to 7 to 10 working days to process the application of trade license in metro cities whereas, in other small cities and rural areas it takes even longer.

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[ultimate_heading main_heading=”Do individual freelancers need a Trade license registration?” alignment=”left”]

As per the rules of Municipal Corporation, every person or business startup engaged in any kind of trade or business startup is required to obtain a trade license registration. However, an individual doesn’t need to get started without a trade license registration but it is good to have one.

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[ultimate_heading main_heading=”What is the validity of the Trade license registration” alignment=”left”]

The validity of the trade license is for one year by the authority and it is required to be renewed every year.

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