Legal Recognition
The Shops and Establishment license provides legal recognition to the respective establishment/shop.
Acts As a Business Proof
For further business registrations in India, the Shops and Establishment license acts as a business proof.
Helpful In Opening the Bank Accounts and Other Formalities
The registration of Shops and Establishments becomes necessary for reasons like opening a bank account in the name of an establishment/shop.
Provides A Platform for Raising New Investment
The Shops and Establishment license helps the proposed entrepreneur in raising investments through loans or venture capital for the proposed business establishment.
Avails The Government Benefits
By getting the shop and establishment license, the entrepreneur can avail of the government benefits in a different stage of business.
Saves Time
As the process of shop act registration has turned online, it saves time in the registration procedure as well as creates less hectic while in operation.