ISO 27001: Information Security Management
ISO 27001: Information Security Management – A Simple Guide In today’s digital world, keeping sensitive information safe is more important...
A trade license is a crucial legal document that permits individuals to operate a business in a particular area while complying with safety regulations. The license only covers the specific business activity mentioned and does not include unlicensed operations, nor does it transfer property ownership.
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Trade license has been regulated by the Municipal Corporation Act for almost four decades now. It promotes fair trade practices and aims to protect the public from any health hazards arising from business operations. The Indian government has made it mandatory for any business or trade to operate in a specific locality, ensuring that no one engages in unethical practices.
The license fosters social harmony and requires business owners to adhere to specific guidelines, including safety measures. By obtaining a trade license, business owners are committed to conducting their operations ethically and responsibly.
Increase Credibility | It’s a well-known fact that a trade license is compulsory for all the businesses generating revenue through their product and services. Such a license gives the customers assurance that the organization is a law-abiding entity committed to ethical business practices. |
Render Better Exposure To Financial Aid | Trade license can act as a substantial gateway that ensures the seamless inflow of financial aid, which, in turn, triggers the organization’s development. |
Increase Goodwill In The Target Market | Entities with trade license have a high chance of focusing on their core competencies, and garnering the targeted customers’ trust |
Motivate Investors | Authenticity and credibility is something that you can’t gain overnight. To reap such benefits, an organization has to work in the direction of the law and maintain compliances without the slightest deviation. |
Discourages Unethical Practices | The organization that indulges with unfair practices 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. |
Step 1: Submit Enquiry Form:
Submit the trade license form to Legal Suvidha and we’ll contact you promptly to discuss your requirements and provide advice on necessary documentation.
Step 2: Document Collection:
Our Legal Suvidha team will collect the required documents from you via mail or WhatsApp, whichever is convenient for you.
Step 3: Application Preparation:
Our expert team at Legal Suvidha will prepare the application, ensuring no objections are raised by the relevant authority.
Step 4: Application and Follow-up:
We at Legal Suvidha handle the trade license application and follow-up process, so you can focus on your customers and business growth.
Step 5: License Delivery:
Receive the soft and hard copies of your trade license from Legal Suvidha via email and at your physical address, respectively.
1. Application in the prescribed form
2. PAN Card along with the incorporation certificate if the applicant is any firm, LLP, or company
3. Aadhar is mandatory in the case of an individual applicant
4. Latest Municipality property tax payment receipt
5. Lease documents or consent letters from the owner of the property
6. NOC from an immediate neighbor
7. A certified layout plan of your trade building showing the business
8. Katha extracts
9. Katha Certificate
10. Sanction plan
11. Occupancy certificate
A trade licence is a certificate that authorises the applicant (the individual looking to start a business) to start a specific trade or business in a specific place. The licence, however, only permits the holder to engage in the trade or company for which it was issued. Moreover, the holder of this licence does not acquire any sort of property ownership as a result of this licence.
It is provided by the municipal corporation’s licencing division in a number of areas, including industries, engineering, health, etc. The licence is approved by the Indian government in order to enforce regulations in all of the nation’s cities. It authorises the conduct of any business or trade where it is located through letters, documents, or certificates. According to the rules and regulations of the municipal governments at the local level, licences are issued differently in each state.
1. Industries license: small, medium and large scale manufacturing factories 2. Shop license: Dangerous and Offensive trades like a sale of firewood, cracker manufacturer, candle manufacturer, barber shop, dhobi shop etc. 3. Food establishment license: Restaurants, hotels, food stall, canteen, the sale of meat & vegetables, bakeries etc.
1. The applicant must have crossed the age of 18 years 2. The applicant must not have any criminal records 3.Business must be legally permissible.
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Shweta Patel2025-04-07Trustindex verifies that the original source of the review is Google. Mayank & the Legal Suvidha team are fantastic. They really try to understand the business like insiders and don't give you templatized solutions. The staff are extremely supportive and go out of their way to help you. I would recommend Mayank to anybody new to the startup ecosystem! Dr Mohamed Yasir (Life Coach / Career Guide)2024-09-10Trustindex verifies that the original source of the review is Google. Great experience with smooth process during the startup india registration Excellent coordination and teamwork with effective implementation in very limited time Pravin Singhania2024-06-26Trustindex verifies that the original source of the review is Google. Sound expertise, good coordination, efficient and timely execution. Sasikanth Vaddadi2024-06-25Trustindex verifies that the original source of the review is Google. Good service and very helpful Vijay Agrawal2024-06-18Trustindex verifies that the original source of the review is Google. We had a great experience working with the LegalSuvidha team - we have used them for both our Pvt Ltd and LLP formation and their team has been very proactive, knowledgeable, prompt and helpful. They helped with all DSCs as well and couriered them to us. Very professional and thorough. We also got our Startup India , MSME registrations through them promptly. Overall highly recommended. Special callout to Nidhi, Saloni, Anjalin, Shreya and Priyanka for promptly helping us throughout the process. Poornima Singh2024-06-05Trustindex verifies that the original source of the review is Google. I am writing to thank you for the quality of service provided by your company. We sincerely appreciate your efficient, gracious customer service, the level of detail and accountability you have demonstrated and the way you conduct business as a whole. A special Thanks to Ms Saloni for her great help throughout.Verified by TrustindexTrustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
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Here are some answers to potential questions that may arise as you start your business.
Register your business, obtain necessary licenses, and fulfill tax obligations.
Consider factors like ownership, liability, and tax implications to choose from options like sole proprietorship, partnership, or company registration.
Choose a unique business name, obtain required IDs like Director Identification Number (DIN), and file incorporation documents with the Registrar of Companies (ROC).
Obtain GST registration, trade licenses, and any industry-specific permits required to operate legally.
Maintain accurate financial records, file tax returns on time, and adhere to the tax laws applicable to your business.
Yes, startups in India can benefit from various government schemes offering tax exemptions, funding support, and incubation facilities.
Secure patents, trademarks, or copyrights to safeguard your intellectual assets from infringement or unauthorized use.
Challenges include navigating bureaucratic hurdles, complying with complex regulations, and competing in a crowded marketplace.
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