Registration of Trade License

Trade License is one of the compulsory registrations to be made to start and conduct your business activities. The Trade license is issued by the State Government. The license is generally issued for 1 year and it can be renewed every year. This license is issued specifically for the trade for which it is applied for. It is a license issued to trade and doesn’t pass on any ownership. There are different categories of trade license: Industries license, shop license, food establishment license.

Advantages on Fire License

Goodwill: Registration under trade license enhances the brand image and goodwill of the business. This helps the business to have competitive edge over the other businesses.

Financial Aid: Registration under trade license would enable the business to procure financial aid in a faster manner with least documentation.

Statutory Compliance: Obtaining trade license makes the business comply with the requirement of the statute and thus the business is saved from incurring any penalty.

Attracts Investment: The statutory compliant business attracts investments from various sources.