The West Lothian Trusted Traders scheme, similar to one running in East Lothian, will initially focus on home improvement firms.
Traders will have to pass a series of checks to qualify for membership, including assessments of their trading history.
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The annual membership fee for companies is expected to range from £100-200.
Ninety-three per cent of consumers and traders supported the concept during a public consultation phase carried out last year.
The scheme is due to go before the council’s executive for final approval this month.