Trade License



Trade license
“A trade license, also known as a business license or commercial license, is a permit issued by a governmental authority that allows an individual or a company to legally conduct business activities within a certain jurisdiction. The requirements for obtaining a trade license vary depending on the location and the type of business being conducted. Businesses usually need to renew their trade licenses annually or periodically to remain in compliance with regulations. Failure to obtain or renew a trade license can result in fines, penalties, or even closure of the business."