Trade License
Trade License:
A trade license is said to be a document or certificate that authorizes the applicant to start a particular trade or company in a given area or place. The trade license holder may not utilize it for any other job or business.
To start a business in a specific region or location, a business will need to get a trade license registration from the applicable state municipal corporation. To obtain registration, the applicant must first comprehend the jurisdiction in which they operate their business and the appropriate Act.
It is guaranteed that the company or work was carried out by conforming to all of the safety requirements provided by the State Municipal Corporation. It keeps inhabitants safe from any potential health risks. Moreover, the license holder does not acquire any property ownership.
TAX BARR helps you get your trade licensed in any specific location of India with the perfect format.
Benefits of Trade License:
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Improves Reliability
This license improves the visibility of the firm within the market in which it is running. Consequently, this would let the firm to establish trustworthiness among its targeted consumers over a time period.
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Displays better vulnerability for financial assistance
With the impact of the trade license, any firm can obtain loans from the banks without disturbing up any services. A trade license can act as a transparent bridge that ensures the seamless inflow of financial assistance, which leads to the firm’s development. So this is an uncomparable benefit of a trade license that none could oppose.
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Improves Goodwill in the respective market
Increasing entity goodwill is another blooming benefit of a trade license. Holding a trade license lays a strong foundation for their business, which inevitably ensures increased goodwill in the respective market eventually.
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Ensure fewer confrontations with legal affairs
Business firms that enforce 100% conformity with compliances are less likely to mess up the legal affairs. It would allow them to flourish more seamlessly than unregistered firms. Under no circumstances the organisation would come across legal obligations unless they intentionally bypassed the law.
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Discourages unethical activities
Every firm that holds a trade license is pledged to discourage unethical business activities. The organization that involves in unfair activities such as exploiting workers, avoiding tax liabilities, generating faulty invoices, and disposing of waste in water and air is more likely to get penalized by the concerned authorities
Documents required:
PAN CARD
PAN Card of
the applicant
Identity Proof
Aadhar card
of the applicant.
Rent Agreement/Lease Deed
Rent Agreement/Lease Deed of the registered office should be provided, if any
Business Address Proof
Electricity Bill of the registered office address in India
Passport size photograph
Passport sized photograph
of the business owners
Telugu Name Board
Name board of the
organization in Telugu
Personal Details
Mobile No
& Email
Other Details
Incorporation certificate in the case of Company/LLP, MOA & AOA