A trade license is a legal document of a municipality that gives authorization to an individual or party to commence business operations. Trade license is granted only if the business complies with all rules and regulations laid down by the corporation and the security officers of the particular state. The corporation has to apply to the commissioner 30 days before starting the business. At the time of filing, the business has to submit all the mandatory documents.
There are three types of trade licenses that a company or individual can apply based on the trade or business they operate:
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