Can someone please advice me

I have a property which has 8 en-suite rooms and I also have a HMO licence. My query is, can I rent this property as B&B where I can advertise this property, give a name to the business, have a sign board outside, register for VAT and etc. Can I apply for lawful development as my 10 years for HMO licence is due to renew this year. Thank you
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