why is it important to register your business?

[Khezo]

Registering a business is very important these days like it makes your business official without a lot of people will be able to give you more to do which means you're going to be getting more contract after registering all businesses need to be registered like small scale businesses don't need registration

 

[Sotherefore]

It is important because it's through business registration that will make your business an official business and which also give a lot of people the confidence to work with you confidently because they believe that if your business is registered with the government there is a high possibility of being a genuine business.

 

[JamoPosh]

It helps build trust and authority in the eyes of your customer. It very important to register ones business maybe in other be free from government future condition that might be issued to unregistered business owners.

 

[MarieArie]

In Nigeria business is registered with cooperate affairs organizations which is makes it legit and valid it gives investors confidence and right approach

Yes. You have to ensure you register your business name for you to have self-confidence and for your customers to trust you enough to send money into an account with your business name. Registration of name is quite easy in as much as you have a valid link where you can register your name.

 

[Modupe]

Business registration is very important, because once your business is registered, your business name is protected and nobody can use the same name or even a name that is similar to it through out the whole country.

 

[Sotherefore]

Is good for you to register your business company if you have the opportunity to do so because this will actually help you to have all the legal documents that you can defend your business anytime and this will give people enough confidence to do a lot of business with him which will be profitable.

 

[Nimra Noor]

When planning for a business, it's important one do a proper registration of his business too. It has so many advantages. Firstly, you can loan money from banks or any organization using your business name, you can open an account with your business name. Let's discuss...

As you know that there are many scammers in the world and in all countries if we don't registered our business then people or customers may not or very less trust on us by registration they know that it's real

 

[Kehinde]

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).

 

[Tariq Shehzad]

Registration is much need for a business and registering a business is a very important and nice step to take when involve in a business, although there are some businesses that doesn't require registration that is real estate business. Without registration your business can be illegal.

 

[Ifective]

It is necessary and the law demands that all business be registered to be sure that one isn't into illegal business.
Registering of business is important to enable the business have value and to be trust worthy. It enables customers to trust that your company is of high standard
Also, registration of one's business is important to prevent fraudsters from using a parody to scam people

 

[mizzzlotam]

As much as it’s not every business that requires registration. It is important one registers his or her business for many reason. The most important will be to reserve the exclusive use of that name for that person. Secondly when bidding for a contract it is a pre-requisite for doing that.

 

[Shigobad2020]

It's important to register your business because it protects you from personal liability, without legal protection of limited liability, you could loose your personal property or business if something goes wrong.

 

[mubinadaddy]

If your business is duly registered, from the country where am from you will have so many advantage like getting grants, getting loan from the federal government and also have access to loan from bank, a whole lots of entitlement will be there for you. So it's a very good ideas to register your business properly so that you can also be known of you do.

 

[Shahzad Ahmad]

Registration of business is important to work properly because if you cannot register it, you cannot make progress in this way. You have many employees that work under your business. So for all this, registration is essential to became it official so that world know your business with name.

 

[Sarfraz Ali123]

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.

 

[Kiko]

The registration of a business is not just another financial aspect of the company rather it’s a long term assurance of its credibility and success. The list below highlights the main reasons of why it is important to register your business. Publicity: Registered businesses gain more publicity in the industry. This is because they have established credibility not only to their clients but to the government and locality in which they support. Ownership: One huge advantage of registration with state and local government is safeguarding your business name. No one else can register a business with that same name.

 

[Thosynho]

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.

This is true. Registering your business makes it stand as an entity which can sue and be sued. As you have rightly said, it protects you from personal liabilities. It also gives you opportunity to bid for contract with government or big private companies.

Post automatically merged: Jan 31, 2021

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.

This is true. Registering your business makes it stand as an entity which can sue and be sued. As you have rightly said, it protects you from personal liabilities. It also gives you opportunity to bid for contract with government or big private companies.

 

[ranaabubakar263]

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.

 

[EMMANUEL]

To me it is of a necessity and a matters of a must because you get to enjoy many forms of business loan whenever the needs arises but it is a good thing.

 

[Kelly5]

Business registration is very important for creating a brand name because nowadays, it is very important for all businesses to get a brand name. The brand name is a valuable asset and your business has to be registered before it can be created.

You are very correct. Business registration is very very important for someone who wants to take his business very seriously. Which business registration alone your business can stand as an entity to collect loans and financial assistance form financial institutions.