{"id":4860,"date":"2022-02-25T08:20:14","date_gmt":"2022-02-25T08:20:14","guid":{"rendered":"https:\/\/www.indifi.com\/blog\/?p=4860"},"modified":"2024-02-28T07:57:01","modified_gmt":"2024-02-28T07:57:01","slug":"business-license","status":"publish","type":"post","link":"https:\/\/www.indifi.com\/blog\/business-license\/","title":{"rendered":"A DIY Guide to Get Your Business License in India"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"438\" height=\"300\" src=\"https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/04\/Business-License-438x300.png\" alt=\"\" class=\"wp-image-4941\" srcset=\"https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/04\/Business-License-438x300.png 438w, https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/04\/Business-License-768x526.png 768w, https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/04\/Business-License-1536x1053.png 1536w, https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/04\/Business-License-2048x1404.png 2048w, https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/04\/Business-License-870x596.png 870w\" sizes=\"(max-width: 438px) 100vw, 438px\" \/><\/figure>\n\n\n\n<p>Obtaining or getting a licence to administer a business is incredibly important for many reasons. However, the process isn&#8217;t as simple as it&#8217;s made out to be. Many countries require a different licence depending on what kind of industry you&#8217;re running, how big your business is, and even where it&#8217;s located. Getting these licences can be stressful and sometimes even confusing &#8211; at least in India! But that doesn&#8217;t mean that you should back down!<\/p>\n\n\n\n<p>Though getting your paperwork together and obtaining the necessary licences may seem daunting at first, using the right resources should make it much more manageable.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.indifi.com\/blog\/3-financial-reports-to-run-before-pursuing-a-business-loan\/\" title=\"https:\/\/www.indifi.com\/blog\/3-financial-reports-to-run-before-pursuing-a-business-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">3 Financial Reports To Run Before Pursuing A Business Loan<\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_67_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#What_is_the_definition_of_a_Business_license\" title=\"What is the definition of a Business license?\">What is the definition of a Business license?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#What_are_the_benefits_of_having_a_Business_license\" title=\"What are the benefits of having a Business license?\">What are the benefits of having a Business license?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#What_is_the_procedure_for_obtaining_a_business_license_in_India\" title=\"What is the procedure for obtaining a business license in India?\">What is the procedure for obtaining a business license in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Business_Name_Registration\" title=\"Business Name Registration\">Business Name Registration<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#GST_Registration\" title=\"GST Registration\">GST Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Trade_licence\" title=\"Trade licence\">Trade licence<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Different_types_of_business_licences\" title=\"Different types of business licences\">Different types of business licences<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Company_Registration\" title=\"Company Registration \">Company Registration <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#GST_Registration-2\" title=\"GST Registration\">GST Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Registration_under_Udyam\" title=\"Registration under Udyam\">Registration under Udyam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#FSSAI_Licence\" title=\"FSSAI Licence\">FSSAI Licence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Import_Export_Code\" title=\"Import Export Code\">Import Export Code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Shop_and_Establishments_Act\" title=\"Shop and Establishments Act\">Shop and Establishments Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Factory_Registration\" title=\"Factory Registration\">Factory Registration<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#How_to_get_a_Business_Licence\" title=\"How to get a Business Licence?\">How to get a Business Licence?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.indifi.com\/blog\/business-license\/#Documents_Required\" title=\"Documents Required\">Documents Required<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_definition_of_a_Business_license\"><\/span>What is the definition of a Business license?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A business licence is basically a business passport. It&#8217;s a document that authorises your business and ensures that all formalities are duly satisfied, like taxes or quality assurance.&nbsp;<\/p>\n\n\n\n<p>A business licence is a permit issued to you by government agencies so that you are legally allowed to run your business.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_having_a_Business_license\"><\/span>What are the benefits of having a Business license?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Over the past forty years, businesses have relied on business licences and permits in order to keep track of their operations and commerce. These licences are managed by the state government through municipal corporation rules, making sure that no one gets harmed due to trespassing or health hazards. These permits ensure that businesses always stay in a particular area and are legally allowed to operate in a specific location.<\/p>\n\n\n\n<p>Getting a licence to do business is conclusive in ensuring that your business has every chance of thriving. Of course, it could seem like there are more than enough processes and procedures to be dealt with to establish licensing. However, once you have all the documents in place, we promise you&#8217;ll feel an immense sense of relief moving forward, knowing that everything has been appropriately documented. That said, consider these most popular licence types for businesses so that you can determine which best meets the criteria for your company and its specific industry!<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.indifi.com\/blog\/business-loan-requirement-5-must-ask-questions-before-you-apply-for-a-business-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.indifi.com\/blog\/business-loan-requirement-5-must-ask-questions-before-you-apply-for-a-business-loan\/\">Business Loan Requirement &amp; 5 Must Ask Questions Before You Apply For A Business Loan<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_procedure_for_obtaining_a_business_license_in_India\"><\/span>What is the procedure for obtaining a business license in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The process for acquiring a business licence varies depending on the sort of firm, its location, and its size. However, there are several necessary registrations that are universal to most states:&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_Name_Registration\"><\/span>Business Name Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><br>According to legal laws and requirements, this registration is used for business or branding names. It would be prudent to register the business name as soon as possible to prevent being engaged in copyright or other infringement difficulties at a later point.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GST_Registration\"><\/span><strong>GST Registration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As an entrepreneur, you won&#8217;t want to miss out on any of the compliance measures for your GST as this is a task that must be carried out by every business owner and it will help you avoid getting into trouble later on. It&#8217;s best to know what needs to be done when and how much needs to be filed. Entrepreneurs must be aware of the various criteria outlined in the GST Act and obtain registrations.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trade_licence\"><\/span>Trade licence<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All businesses will encounter paperwork related to trading licenses, depending on state and local laws.<\/p>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/reasons-indian-businesses-faces-rejection-for-small-business-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reasons Indian Businesses Faces Rejection for Small Business Loans<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Different_types_of_business_licences\"><\/span>Different types of business licences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_Registration\"><\/span>Company Registration<br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nearly all corporations in India are run as sole proprietorships or limited partnerships with no government licensing. The Ministry of Corporate Affairs is in charge of regulating the creation of corporations, including LLP- limited liability partnerships. It is advised that people who wish to sell goods or services with annual revenue of more than Rs.20 lakh form an LLP or limited liability partnership. After you register your LLP as a new business corporation, you will have legal existence. This means nobody can&#8217;t sue you for anything unless there&#8217;s definitive proof. Furthermore, the company would be easily transferred and continue to exist indefinitely. As a result, consulting an expert before beginning a firm is recommended.<br><br>According to the Companies Act of 2013, there are many types of businesses:<\/p>\n\n\n\n<ul>\n<li><strong>One Person Company<\/strong><br>The One Person Company (OPC) registration, introduced in 2013, allows a sole entrepreneur to register their firm and lawfully carry on their business functions.<\/li>\n\n\n\n<li><strong>Private limited company<br><\/strong>Suppose you set up your company as a private limited company, then in the eyes of the law. In that case, it is its distinct legal entity, made up of members who have formed a voluntary organisation. Every member&#8217;s legal obligation is determined by the number of shares they own. Businesses with a significant revenue are registered as Public Limited Companies, either with or without the intention of launching an initial public offering (IPO) in the future.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Public Limited Company<br><\/strong>Businesses with a significant revenue are registered as Public Limited Companies, either with or without the intention of launching an initial public offering (IPO) in the future.<\/li>\n<\/ul>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/factors-affecting-eligibility-small-business-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">Factors That Affect The Eligibility For Small Business Loans<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GST_Registration-2\"><\/span>GST Registration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>GST All businesses and individuals with an annual turnover of more than Rs.20 lakhs in most areas must register. In addition, regardless of revenue, anybody delivering products for intra-state sale must register for GST.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Registration_under_Udyam\"><\/span>Registration under Udyam<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Udyam online site handles small business registration in India. It is not necessary to register with Udyam. The qualifying requirements for Udyam enrollment are set in terms of a composite of machinery and equipment investment and company turnover.<\/p>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/10-tips-for-avoiding-business-loan-scams\/\" target=\"_blank\" rel=\"noreferrer noopener\">10 tips for avoiding business loan scams<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FSSAI_Licence\"><\/span>FSSAI Licence<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The <em>FSSAI<\/em>&#8211; Food Safety and Standard Authority of India is the regulatory body responsible for ensuring the safety and uniformity of food items.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Import_Export_Code\"><\/span>Import Export Code<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In India, export and import enterprises require specific permission recognized as the Import Export Code.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shop_and_Establishments_Act\"><\/span><strong>Shop and Establishments Act<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In India, a licence is required to start a retail store under the &#8220;Shop and Establishments Act.&#8221; The state governments are in charge of issuing the registration.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Factory_Registration\"><\/span>Factory<strong> Registration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In India, licensing is required to operate a factory under the Factories Act, 1948, granted by the state government.<\/p>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/business-loan-requirement-5-must-ask-questions-before-you-apply-for-a-business-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">Business Loan Requirement &amp; 5 Must Ask Questions Before You Apply for A Business Loan<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_get_a_Business_Licence\"><\/span>How to get a Business Licence?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Seeking professional assistance on obtaining a business licence can assist you in determining whether you require that specific licence. It&#8217;ll also encourage you to ask the right questions and make sure that no mistakes are made along the way when obtaining a business licence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required\"><\/span>Documents Required<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Aadhaar Card<\/li>\n\n\n\n<li>Pan Card<\/li>\n\n\n\n<li>Voter ID<\/li>\n\n\n\n<li>Driving Licence or Passport<\/li>\n\n\n\n<li>Electricity Bill<\/li>\n\n\n\n<li>Rent Agreement&nbsp;<\/li>\n\n\n\n<li>Certificate of Chartered Accountant<\/li>\n\n\n\n<li>Deed of Partnership<\/li>\n\n\n\n<li>Memorandum Of Association and Article of Association.<\/li>\n<\/ul>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/factors-to-consider-when-evaluating-a-business-loan-offer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Factors to Consider When Evaluating a Business Loan Offer<\/a><\/p>\n\n\n\n<p><strong>Conclusion<\/strong><\/p>\n\n\n\n<p>A business licence ensures that you pay your taxes and follow the business regulations of your local or state government. Understanding the many different types of business licences and how they work is essential, as the requirements and application processes can vary greatly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Obtaining or getting a licence to administer a business is incredibly important for many reasons. However, the process isn&#8217;t as simple as it&#8217;s made out to be. Many countries require a different licence depending on what kind of industry you&#8217;re running, how big your business is, and even where it&#8217;s located. Getting these licences can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[141],"tags":[],"_links":{"self":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/4860"}],"collection":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/comments?post=4860"}],"version-history":[{"count":5,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/4860\/revisions"}],"predecessor-version":[{"id":7847,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/4860\/revisions\/7847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media\/4941"}],"wp:attachment":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media?parent=4860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/categories?post=4860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/tags?post=4860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}