Corporation License in Coimbatore

Business licensing may be little bit tricky because there are so many types of licensing available. Actually, a business license is a permit from the local or a state government which allows you to do business within the borders of that locality. The requirements of licensing varies depends on certain factors like the size of your company, what city you do business in, and the industry. There are multiple certifications, permits and licenses before they enter into the business world. The very first step is to figure out what kind of license you need.

A city or a country requires a special license from all the businesses within its jurisdiction. These business licenses are also referred to as tax registration certificate. The fees and the requirements may vary depends on where a business has been located. Typically, it must be renewed annually.

Additionally, jurisdictions require you to display the license at your business location for the public to see. The business license cannot be transferable among owners, it can be transferred if moving locations.

A business license is a local business registration in which it has been issued to all the businesses in a city or municipality. It is issued by a city or a municipality.

If you are operating a sole proprietorship from your home or any other location in a city, you will need a business permit from the city. You also need the additional permits such as zoning permits or health permits.

Trade license:

A trade license allows you to operate your business in a particular area. It doesn’t refer any property ownership. The municipal corporation licensing department issues the licenses in different areas like industries, health and engineering.

The legal agreement of trade licenses have been authorised by the government in order to regulate the domestics and the international cities. The permission letter or documents need to be carried on trade or in a business place where it is located. The issuing of trade license may vary depends on state or local government agencies (i.e. Municipals) rules and regulations.

Trade license had been introduced in India and is fully regulated by the state government through municipal corporation acts. It provides a way to regulate and carry out any form of business from a particular locality.

Its main job is to ensure that there is no health hazards and nuisances by improper trade and also it controls the people form executing any kind of business from their resident areas to maintain the business and the locality environment.

Types of trade license

Food establishment license: Canteen, food stall, bakeries, hotels, restaurants, the sale of vegetable and meat etc.

Shop license`

Industries license: Small and large manufacturing factories, cyber café etc. Eligibility of getting a trade license is, a business must be capable to execute the legal work.

The required documents are:
  • Rental agreement of a premise if it is a rented one;
  • ID proof of the applicant.
  • Certificate of incorporation.
Things to keep in mind:
  • Application need to be made before you start running the business;
  • The license has to be renewed yearly once and the renewal application must be filed in 30 working days before the expiry of the license;
  • Once the license been issued and it has to be maintained on annual basis.
Time duration:

Trade license needs to be obtained within 7-10 working days, if documents are not filed as per the rules, it probably takes around 35-40 working days. The license has to be obtained within 30 days of commencement of business in other small cities and rural areas.