What is Trade License?
A trade license is needed by a business in order to legally carry out various activities. It is a legal document that provides legitimacy to a company and gives it the ability to perform certain actions in the country in which the trade license was granted. The municipal corporation authorises the licensing department to issue this license for various types of business and it is regulated by the State Government to ensure fair trade practices. It is mandatory under the law to get a Trade License to make sure that the person is not carrying out any unethical business practices and is following the rules and safety guidelines issued by the government from time to time.
Types of Trade License:
Industries license: It is for small, medium, large scale manufacturing concern and also for factories engaged in production activities
Shop license: It is for the business involved in retail sector, applicable for people who want to start a shop.
Food establishment license: It is for the Restaurants, hotels, canteens, food stall, bakeries, the sale of meat & vegetables etc. It is applicable to all business concerns dealing with eatables and food items.