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Kanakkupillai - Trade License Registration in India

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Hemapriya kanakkupillai
Kanakkupillai - Trade License Registration in India

A trade license from regulators is necessary for every business organization. It is a document that certifies you and provides permission for carrying on a trade or business. However, Trade License Online does not give permission for any other activity or ownership of property other than for which the license is issued. The regulators of trade license can be the state government or the municipal corporation that authorize license department and allot licenses to businesses in consultation with other consultative departments as required. It is necessary for a business organization to take primary licenses before beginning any activity of the business.

Trade License has been made mandatory by the government to ensure that no wrong business practice is carried out in a particular area. The main purpose of issuing this license is to regulate different trade activities as well as to restrict people from carrying out certain types of businesses from their home location.

Trade licenses are valid for one year and are required to be renewed every year. The renewal application needs to be done within 30 days from the date of expiry.

Benefits of Trade License Registration

  • When you have a business license or Trade license registration online  you will be liable to enjoy the rights of bragging it.
  • It helps to grow the prestige of the firm and attract the customers and investors in it.
  • It will help to maintain the personal finance & business finance separately, this process will help you to find the profits and losses in the business.
  • If damage or injury were to occur as a result of the business' actions or doings, your personal finances would not be at stake in any settlement; similarly.
  • Operating as a licensed business may provide you with access to certain groups that you would be unable to join or participate in if you operate under your personal name. Companies such as the better business bureau, investment groups, and other business-oriented organizations may not permit you to join if your company is not licensed.
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Hemapriya kanakkupillai
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