A Trade License is an instrument required to commence a particular business or trade activity. Different types of activities and businesses require different types of Trade Licenses. A Trade License is a mandatory license to be obtained before starting a business, this provides the business with the ability to perform its activities to the best of its abilities. A Trade License is similar to a business permit that allows one to carry out their businesses with proper quality standards. The license only permits businesses issued in the license. Following are the reason to get Trade Licence-
A trade license is required to carry out various trade activities legally, hence, the most appropriate time to get a Trade License in Maharashtra is before commencing the trade activities. One is recommended to obtain a it at least three months prior to commencing its activities.The Trade License in Maharashtra is to be mandatorily obtained within 30 days of starting the trade business.
The Trade Licenses are divided into three segments:
Activities of trade and service requiring a license, such as
Applicant when a corporate entity
Applicant when an individual