When starting a business it's advisable to register the business first and it will make the business to be unique and legal in the business competitive environment. There are a lot of advantages to it customers with have confidence and sure of the products they are buying from the business. A business registered name is the business identity.
why is it important to register your business?
- Thread starter Emmanuella
- Start date
Some business requir registration, but a lot of business do not need any registration though. It depends on the nature of business. If you want to sell milk or anything you shouldn't need any registration.
If you think your business does not need any registration and its valid according to laws so you don't need to do so.
If you think your business does not need any registration and its valid according to laws so you don't need to do so.
To register your business there are many advantages. First it gives you a unique identity. Registered business protect you from personal liability. It also makes you look serious and attract more customers. The main big advantage is that its easier to get bank credit and investment from investors.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
Helps you avoid legal problems with the government. Secures your reputation as a legitimate business. Builds trust among suppliers, customers, and employees. Allows you to fully market your brand and business everywhere.
Registering your business is always a great way to get into the heart of investors that would want to invest in your business. The way most of these investors will view your business when it is registered will always be different from when you've not registered it. So, taking that into consideration is very important especially when you are planning to expand.
It's important to register your business for safety purposes. When everything goes right and you didn't register your business the government will put their eyes on you. Probably get your business closed. Even if it's an online business it's better to have the paperworks so people can see how legit your business is.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
Registering a business is very important to every business owner. It gives your business a legitimate front so you can issue receipts to customers. It also makes your business reputable in their eyes too. Your registration documents also can serve as a legal document that allows you to pay tax and get loans from financial institutions.
Registering your business gives it credibility and most especially if you operate online you get to easily win customers trust because they know that if anything should go haywire, they know how to fish you out. It also makes it easier for you when you want to apply for loan.
Registration of business is important as it gives a business a market presence, in the sense that other businesses and customers in the same field have to acknowledge your presence.
Moreover, it could avoid sad tales in future. I've come across a business which was almost closed and had to pay a fine of more than $500 for not registering their business.
Moreover, it could avoid sad tales in future. I've come across a business which was almost closed and had to pay a fine of more than $500 for not registering their business.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
Irrespective of the form of business, registering the business gives it the kind of credibilty that any serious business would want to be accorded. That is why the banks would demand for the business registration documents before opening an account for the business. And by opening an account and operating it effectively, the business stands the chance of accessing loan facility from the bank in order to expand its operations.
Yeah! It portray how serious the business is and people have more confident in a registered company than non registered. Apart from loan from the bank, depending on the country the business is being registered with, the government of a country do help companies in their company which is definitely a registered company.
registering your business make your business to be official and sometimes if you register your business with a trusted government organisation this can make people to trust your business more because they believe that since your business is registered with the government that there is a higher possibility that your business is a genuine, you can even use a registered business to secure a loan to expand your business also. There are a lot of advantage and I don't see any disadvantage in it
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
The reason why people register their business is that without the legal protection of the limited liability, you could loose your business and personal property if something goes wrong for example if somebody sued you to court for heavy damages
Register is basic need to our business because tax are very important to the government make a profit to other person so tax and government prove Bussiness is success with the registration in government . Government allowed this Bussiness and make legal to our Bussiness
Business registration is always compulsory. it helps people to work with you with the belief that you are real and you have your company's name registered with the government. You also need a name registration to keep government eyes a little off your activities.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
@seriana you are very right.
To register a business name is to give such business a breath of life.
Once you register a business it becomes an entity a living being as it were.
You can obtain loan and be granted audience with a business that is well registered.
Post automatically merged:
You are very right. When we register our business or company we gave it a legal recognition.
To register a business is like marrying a woman by paying her dowry and wedding her. Such a woman will be accorded the respect that is due to any woman that is legally married under the law of the land.
There are businesses that would not engage an unregistered business in deals. For instance, a close friend almost lost a contract with a highly ranked private organisation because his business wasn't registered until he had the wisdom to use a friend's registered firm to procure and execute the contract worth millions.
It is important to register
It protects you from personal liability
This is arguably the biggest reason why many people have to register their business. Without the legal protection of limited liability, you could lose your business and personal property if something goes wrong (say somebody sues you to court for heavy damages).
It protects you from personal liability
This is arguably the biggest reason why many people have to register their business. Without the legal protection of limited liability, you could lose your business and personal property if something goes wrong (say somebody sues you to court for heavy damages).
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
Registering a business is a very good idea, this will reduce the risk on business, it also helps the brand of the company and helps to improve the trust of customers on your products and services. It also advertise your company
The importance of registering your business is that it helps to saves your business or company from easily collapsing due to the exposure it has gained and it helps you to have access to loans. It also make your business to be known because it is legal.
Newest Directory Listings
WWE Hub is a discussion forum for all things wrestling! Share and chat with other wrestling fans throughout the world!
ABCProxy is cost-effective, ethical residential proxies network!
Similar threads
