Business license:
1. Business license is a certificate issued by the administrative department for industry and commerce to allow industrial and commercial enterprises and individual operators to engage in certain production and business activities. Its format shall be uniformly stipulated by the State Administration for Industry and Commerce.
2. The registered items include: name, address, person in charge, amount of funds, economic composition, business scope, mode of operation, number of employees, term of operation, etc. Business licenses are divided into originals and duplicates, which have the same legal effect. The original shall be placed in a prominent position in the company's domicile or business premises, and the business license shall not be forged, altered, leased, lent or transferred.
3. Without a business license, industrial and commercial enterprises or individual operators are not allowed to start business, engrave official seals, sign contracts, register trademarks or advertise, and banks are not allowed to open accounts.
4. According to the "Measures for the Administration of Registration of Individual Industrial and Commercial Households (Draft for Comment)" recently drafted by the State Administration for Industry and Commerce, the business license of individual industrial and commercial households is valid for up to 4 years; The registration authority may verify the validity period of the business license according to the use period of the business premises of individual industrial and commercial households, and the validity period shall be at least 6 months. Individual industrial and commercial households shall apply to the registration authority for renewal of their business licenses within 1 month before the expiration of their business licenses, and the registration authority shall timely renew them according to law.
References:
Baidu Encyclopedia-Business License