Trade License is a registered certificate through which a company or firm or business is allowed or permitted to start the business and commence a trading operation business in a particular location. By obtaining Trade License, State Government governs and regulates the operation of the trading business from a particular location. It also helps, regulates and ensures that there is no harm to the public or any other living species or the health of general through activities accomplished through trade.
Trade license registration online is granted with all required safety guidelines, standards, and relevant laws to assure how that specific trading business is being done and to guard the society within that specific state. Trade License is supervised and granted by the State Government for regulating trade and business within the location.
Business entities which are not obeying or following the rules of trade license can be subjected to a heavy penalty. Therefore, it is mandatory for the company owners to apply for trade license of that specified state authority without any delay. Trade license registration is an expensive and time-consuming process Let us discussed henceforward.
Categories of Trade License
There are three categories under which a trade license is granted:
Industrial License
Industrial license is applicable to business which is engaged in manufacturing and operating on a large scale, medium and small scale.
Shop License
Shop license is granted to a business which is involved in operating dangerous and offensive activities like candle manufacturer, cracker manufacturer, firewood shop, and so on.
Food & Shop Establishment License
Food & Shop Establishment License license is issued by the business involved in the food business for example restaurants, canteen, hotels, food stall, and so on.
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