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Business Premise License
Business premise license or business license is a permit issued by government agencies that allow individual or company to run a business within the government's geographical jurisdiction. In a single word, it is a permission given by government that people can start to operate a business legally.
The reason people need a business license is not just to prove that the business is operate legally but most importantly it provide a protection to the business owner. A licensed business is completely separate from the business's owner itself. This simply means that anything related to the business is not related to the business's owner personal asset. When the business faced the risk of being sued or any damages happen to the business, the owner's personal liability and asset wouldn't be affected. Furthermore, a licensed business is completely separate from the owner in which company's taxes aren't filed with business's owner itself.
Applying for business license is just easy if you done all these things:
1) Have a business name
2) State your actual business address
3) Identify what is your business type
4) Prepare all related documents
5) Apply business license from respective local authority
The requirement in applying for business license may be vary according to respective local authority. In generally, an application for a business license must be accompanied by:
1) Photocopy of the applicant's identity card
2) Passport size photo of the applicant
3) Copy of the company's Memorandum and Articles of Association (M&A) and Forms 9, 24, and 49
4) Copy of either the rental agreement or the sale and purchase agreement of the company's business premise
5) Copy of the certificate of fitness of the company's business premise
6) Copy of the Fire Department's support letter
7) Copy of the location plan of the company's business premise
8) Photograph of the business premise
Applying for business license is sometime a troublesome when you face the problem with time management or inconvenience in leaving all your personal stuff behind. However, it's no longer a problem as we are here to help you. Drop a line on us and we are glad to help you to apply and gain approve for your business license. Just submit all your related documents to us and we will help you for the rest. Wait no more and contact us starting from now!