Trade License is a certificate/document which grants the permission to carry on a particular trade or business for which it is issued. It does not confer ownership of property or permission for any other activity other than for which it is issued. Companies such as the better business bureau, investment groups and other business-oriented organizations may not permit you to join if your company is not licensed.
And not operating under your name also protects your personal information from the public. If a business is tied with your name, almost anyone can access a portion of your personal information, including your address, phone number and finances. Separating your business from yourself will maintain your privacy.
A licensed business is an entity separate from yourself; this means that the company's taxes are filed separately from your personal taxes. While this requires you to complete and file a separate tax return, it also provides you with the opportunity to deduct business expenses that you might not be able to deduct on your personal taxes