Legal Entity
In order for a business to be considered as a legal entity it needs to have a trade license.
Trade License
A Trade License is a certificate/document that permits an applicant to initiate a particular business or trade in a specific location/area. The applicant must have attained 18 years of age and his/her venture must be legally permissible.
A Trade License is nothing but a legal certificate/document issued by an authorised body (local municipality, in most cases) of the State Government. It authorises the applicant (a person or party) to start business operations in a specific location or area.
Manges Rules & Regulations
As stated by the Municipal authority in which the business is located.
A Measure of Competence
With a trade license, a business can operate in a commercial space, without fear of being shut down. This provides a display of confidence and competence, in the business and entrepreneur.
Documents Required for a Trade License
- Form 353 duly filled
- A letter of consent from the owner or neighbor of business property.
- The city survey map of the business property.
- Tax receipts