BBMP Trade License
WHAT IS TRADE LICENSE?
Trade license is the way to legalize specific businesses from a particular region. It is issued by the State Government. A trade license is an authorization/permission to carry on a specific trade or business at the building for which it has been issued.
Trade License has introduced in India since 40 years ago.
It does not assure any kind of assets ownership and not even allowed to do any other business rather than for which it is issued. It is made necessary for an entity/individual to register his new business and get an Online trade license for it.
The major purpose of the trade license is to reduce the people from making their residential area as their business location. The application must be made within 30 days of commencement of business.
BBMP trade license means Bruhat Bengaluru Mahanagara Palike(BBMP) trade license.
Eligibility for a Trade license
The candidate must have crossed the age of 18 years.
The applicant must not have any criminal records.
Business must be legally permissible.
BENEFITS OF TRADE LICENSE REGISTRATION
If you have a business license or a trade license you will be legally responsible to enjoy the rights of it.
It helps to grow the prestige of the firm and attract the customers and investors in it.
It will help to maintain the personal finance & business finance separately, this process will help you to find the profits and losses in the business.
WHICH BUSINESSES NEEDS TRADE LICENSE CERTIFICATE?
All Food Serving Premises :
Hotels, Restaurants, Canteens, Malls, Theaters, Clubs, bakeries and confectionery shops, Snack shops, Food stalls, Retailers and traders of goods, Daily need stores.
Service Trades :
Cybercafes, timber shops, all small-medium scale industries.
Manufacturing Units/ Industries:
Manufacturing and processing small and medium and large scale industries.