Trade License- An Overview
A Trade License is a legal document from the municipality that provides authorization to a person or a party to commence business operations. Trade license is given only if the business adheres to all the rules and regulations laid down by the corporation and safety authorities of the particular state.
The application has to be filed with the Commissioner in the Corporation 30 days prior to commencement of business. While filing, the business has to submit all the mandatory documents.
- Are under the age of 18
- Have criminal records against them
Who Can Apply for Trade License
Anyone can apply for a trade license except those who:
The Different Types of Trade License
There are three types of trade licenses that a company or individual can apply for based on the type of trade or business they carry out.
SHOP LICENSE
This license is needed for anyone who wants to open a shop. The shop can be of any retail type.
INDUSTRIAL LICENSE
This type of license is needed for any company that wants to open an small or mid-sized industrial unit.
FOOD ESTABLISHMENT LICENSE
Any establishment that plans on getting into the food and beverage industry needs this license. The license applies to restaurants, cafes, meat shops, bakeries and vegetable shops.