Why Trade Licence?
What is a need of a trade licence to start any business? So, before we continue further you must understand this important question’s answer. In the last forty years, several forms of businesses were restricted in their operation by the government. After some time, the government started engaging with businesses and begun granting them trade licenses. These days, such licenses are issued to companies for carrying out a particular kind of business and trade activities within certain limits. These permits, for instance, will only be granted to individuals for specific business activities within a given area. No activity shall be undertaken by such businesses without first obtaining a trade licence from the relevant State authorities.
This is a legally required and important document issued by the municipal or state government. It allows operations of certain companies in a certain region. In addition, the corporation is issued these types of documents to establish that the company is operating within the confines of the law.