Registering a business makes it official and legit and so it saves one from the wrath of the government, besides as good citizens we are advised to follow the rules and regulations
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The importance of getting your business registered is very many,it will make the business have a formal look,and whenever there is a grant from the government,it will very easy to accesss the grant from the agency of the government.Registering a business makes it official and legit and so it saves one from the wrath of the government, besides as good citizens we are advised to follow the rules and regulations
i understand your point that its not everybody that needs to register their sites most especially small scale business but there are some benefits attached to registering of business under the governmentNot all business that requires registration, like sole proprietorship business. Doesn't need registration before getting started, you can register other lucrative business, like pari tnership business, private liability companies etc.
Sure, it's not for every business owner. Unless on your own, you want more security for your business incase tugs wants to use your business for shade or driving unnecessary tax from you, with the power of govt such can't take place.i understand your point that its not everybody that needs to register their sites most especially small scale business but there are some benefits attached to registering of business under the government
Apart from giving you the privilege of hiring a full time workers at your disposal , you also have the opportunity of having your customise company name with the government which also comes with opportunities to get loans sometimes.A business registration allows you to hire full-time employees and pay them in accordance to state laws. When you register your business with the state you'll receive a state identification number that allows you to route state taxes on the employee's behalf. So if you plan to hire on employees to your business, it's best to take care of registering your business with the state before you even start the search for workers