Trade License

A trade license is a document/certificate that gives permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the license does not allow the holder to any other trade or business than for it is issued.

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All Inclusive.

How Does Trade License Work?

Trade License is quick, easy, and can be done online with Legalguard.in in 3 simple steps:

1

We advise you to arrange required documents.

2

We prepare and submit application

3

We help you with the post-registration formalities and compliances.

Trade License

A place of business within a State, Corporation or Municipality will require a trade license from the concerned State Government or Corporation or Municipality for operating. Rules and regulations pertaining to trade license vary from state to state. Hence, to obtain a trade license, the applicant must first understand the jurisdiction under which he/she is operating the business and the applicable Act.

In most states, the application for grant or renewal of the license will be made to a Commissioner in the Corporation. The application must be made within 30 days of starting to operate a business. On applying with the required information and documents, the concerned officer will ensure that the business is suitable for the purpose used, there is no possibility of danger or nuisance for any person around and issue the license. Trade license would normally be issued within a period of 7-15 days on submission of application. IndiaFilings can help you obtain a trade license for your business. Get in touch with an IndiaFilings Advisor to know more about the rules and regulations applicable to your business and begin the process of applying for a trade license.

Important Aspects Relating to Trade License

Trade license is known by different names in different parts of the country. For instance, trade license is referred to as Gumasta license in the state of Maharashtra.

Application

The trade license application must be made to the concerned State Government or Corporation or Municipality. The jurisdiction and procedure for the application would differ based on the State regulations.

Verification

In some State, the trade license would be issued only after in-person verification from the concerned authorities. However, many states have also done away with the requirement.

Processing Time

The normal processing time for trade application is 10 - 15 days subject to Government processing time. The certificate can be downloaded online after approval.

Validity

In most states, trade licenses are issued with a validity of 1 year. Trade license can be renewed at the end of each year by paying the renewal fee.

Why Legalguard.in

Access To Experts

We provide access to reliable professionals and coordinate with them to fulfil all your legal requirements. You can also track the progress on our online platform, at all times.

Realistic Expectations

By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.

150-Strong Team

With a team of over 150 experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.