Documents Required for a Trade License

1. Documents Required for a Trade License Every business or trade activity that takes place in a land needs to go through various legal stages to become valid and start operations. One of the most important licenses that a business needs is a trade license. It is crucial to procure a trade license from the designated authorities before starting any trading activity. But what is this license and what are the Legal Documentation required to obtain this vital license? Let us explore the many sides of this important trade license. What is a Trade License? A trade license is a legal document that a business or a reading company needs to procure before starting any operations. The license grants permission to the business regarding the area of trade. It permits or rejects a business or a trading company from dealing in certain kinds of goods and it also sets the limits of trading in a particular product by a company or a business. It also helps in reaping the benefits of various schemes and plans implemented by the government to promote trade in a country. The trade license is provided by different authorities depending on the area of operation. The municipality or the state government is responsible for generating a trade license

2. A trade license is not only crucial for the business, but it has many benefits for the consumers, environment and all the parties that are impacted by the operations of a business. It helps the government in keeping a check on illegal business activities. It also helps the consumers to determine whether they are receiving harmless products or not. Apart from this, the government can also hold the business accountable for any kind of pollution and harmful emissions in the environment due to the business. A trade license is thus a vital document in maintaining ethics in the business world. It is easy to get a trade license. There is a limit on the eligibility for getting a trade license. An individual who wishes to get a trade license should be: Free of any past criminal records Must be above 18 years of age Should deal in a legal product. If an individual fulfill these criterion, then he/she can obtain a trade license using the following documents: PAN card of the owner of the business or trade A recent municipality property tax payment receipt Aadhar card when an individual is involved in the business NOC from a neighbor Lease documents from the property owner in case of a rented place Occupancy certificate Khata certificate These are the most common documents that one requires to get a trade license in India. It is easy to get templates for any kind of legal documents online these days. Doqfy offers more than a thousand templates for different Online Legal Documentation like trade license and married certificate in a single place. For More information about: view encumbrance certificate, how to get encumbrance certificate, e stamp near me