Advantages of Trade License:

★ Legal compliance: Obtaining a trade license ensures that your business is operating legally and in compliance with local laws and regulations. Without a trade license, your business may be subject to fines, penalties, or even closure.

★ Public health and safety: Many businesses, such as restaurants and hair salons, are required to obtain a trade license to ensure that they meet certain health and safety standards. This helps to protect the public from harm and ensure that businesses are following proper procedures.

★ Fair competition: A trade license ensures that businesses are operating on a level playing field. By requiring all businesses to obtain a license, it helps prevent unlicensed businesses from gaining an unfair advantage over licensed businesses.

★ Tax purposes: In many cases, a trade license is required to obtain a tax identification number, which is necessary for paying taxes and other financial reporting purposes.