Trade License

Any business entity listed by the local municipality or municipal corporation is required to obtain a trade license. Get a Trade License, assistance with opening a bank account, and GST software and start your business today.

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TRADE LICENSE

What is Trade License?

A Trade License or Business License is a license issued by the local government allowing a trader to operate a listed business within the jurisdiction of the local government. Municipal Corporation, Municipality, or Panchayat may be the Local Authority or Local Body.

Every employer and proprietor of a shop or establishment, regardless of whether it is a Sole Proprietorship, Partnership Firm, LLP, Private Limited Company, Public Limited Company, or any other business entity registered under any other law in force at the time, must apply for a Trade License. The purpose of the business license is to create a business-like environment in a commercial space, to separate residential and commercial spaces, and to restrict illegal business activities. It must be renewed and the trade license fee must be paid based on the total square footage of occupied space.

A business entity requires a license to legally engage in a variety of activities. It is a legal document that legitimizes a business and authorizes it to conduct certain activities in the area where the trade license was issued. This type of license is only valid for the activity for which it was issued. It does not grant permission to engage in activities other than those for which it was issued.

Who issues Trade License:

  • A Local Authority or Local Body, such as a Municipal Corporation, Municipality, or Panchayat, issues Trade Licenses.

Gumasta License ~ Trade License:

  • Both are same. In Maharashtra, it is known as a Gumasta License, while in other states it is known as a Trade License.

Renewal & Fees:

  • It is renewed annually, and the fee is based on the total square footage occupied by the business.

Types of Business Licenses :

  • Licenses for small, medium, and large manufacturing facilities.
  • Shop license: Dangerous and Offensive trades, such as the sale of firewood, the production of crackers and candles, barbershops, dhobi shops, etc.
  • Restaurants, hotels, food stands, canteens, the sale of meat and vegetables, bakeries, etc., require a license to operate.

How to Register a Business under ESI

Now Establishment ESI registration filings have been streamlined through a single window. Listed below are the Required Documents and ESI Registration Procedure Step-by-Step.

Documents Required

For Sole Proprietorship
  1. For Private Ownership PAN for Business Owners, Aadhaar or Voter ID, Passport or Driver's License.
  2. Latest passport size photograph
  3. Recent Real Estate Tax Receipt
  4. Proprietor Mobile Number
  5. Proprietor Email id
  6. NOC from your next-door neighbor
  7. Layout Plan Katha Certificate Occupancy Certificate Registered Office Address Proof: Latest Power Bill Letter of No Objection cum Affidavit from the Landlord if it is owned.
  8. A rental agreement will be given by the landlord if the property is rented.
  9. The Electricity Bill should be changed from Residential to Commercial
For Other Businesses
  1. Partners or Directors PAN, Aadhaar, Voter ID, Passport, or Driver's License.
  2. Directors or Partners' most recent passport photos
  3. Latest passport size photograph
  4. Recent Real Estate Tax Receipt
  5. Director/Partner Cell Phone Number
  6. Director/Partner Email Adresse
  7. Partnership Certificate of Registration of Business Partnership Deed or Memorandum of Association, Articles of Association, or LLP Agreement firm/LLP/Company PAN
  8. Board Resolution NOC from your neighboring property
  9. Layout Plan Katha Certificate Occupancy Certificate Registered Office Address Proof: Latest Power Bill Letter of No Objection cum Affidavit from the Landlord if it is owned.
  10. The landlord will offer a rental agreement if the property is rented.
  11. Electricity bills should be changed from residential to commercial.

Three-Step Registration:

Documents Prepared

Through Companies - One-Hour House Job

We will prepare all documents for online uploading via the web portal of the Local Authority.

Online Submissions

Via Local Authority's Web Portal - One-Hour Task

We will upload the documents to the web portal of the Local Authority and pay the required fee.

Online Registration Certificates

Obtained Online in Less Than Seven Days

After examining the form, the Officer will approve it and issue the Certificate of Registration Online via their website. In a few states, this service is available online, whereas in the remaining states, a designated officer visits the business's location, calculates the fees owed, and approves and issues the Trade License after conducting all necessary checks.

What are the Advantages of Having a Business License?

The advantages available to businesses with a Trade License are listed below.

Legal Entity

There is legal protection for a business entity that acquires a Trade License. The proprietorship can begin operations by obtaining a Trade License from the local authority or body.

Goodwill

An entity that possesses a Trade License will enjoy goodwill.

Easy to Take

The majority of Indian states administered the test online. The License can be quickly and easily applied for online.

Escape from Penalties

A business entity that possesses a Trade License is exempt from the imposition of penalties by the Local Authority or Local Board.

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Let's Deal With Your Confusions

Any company listed by the local municipality or municipal corporation is required to obtain a business license.

Yes, you need to.

You can pay online.

It is issued by a local government or municipal corporation.

The municipality or the municipal corporation will administer a fine.

Three to four days of business.

It depends on its location and square feet of space.

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