why is it important to register your business?

[sam386150]

It is very important the rest are the business nowadays in the government, in my country Nigeria at times there is some benefit and some special offers government renders for business owners.

 

[Folaham]

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...

One need to earn the credibility of of his customers, banks and supplier and with business registration that is possible without stress.
Let me sight example of benefit of business name that played out in our company. We have paid job and numerous persons that carries out difference kind of job and their payment is on the policy of 60% mobilization fee and balance 40% upon job completion. It happens that the ease of getting cash from bank becomes much difficult as their is no single bank within the immediately community where the company is situated because of history of back robbery which led to the closure of the single operating bank around the area. All vendors were advised to register their company/business name for ease of transaction going forward as the situation calls for such move. A lot of persons were out of job as it was difficult for them to keep up with getting job unless they have their business registered.

 

[redpogi16]

Yes the very first important thing when you are doing businness is to register it. Because if your businness is inregistered you can face problems from goverment and they can sue you or issue a closure order to your businness.

 

[Usman Sattar]

If you are planning a startup then you should register it. We recommend you to use this service to register your company. Registration of business is very important, it will give you many benefits, and it will protect your business and secure your rights against the third party and in the case of failure of registration you may have to face legal consequences. Registration of business is a primary thing for any business during incorporation.

 

[unhappy triad]

First a registered business is more legal than one not registered usually. It is also more recognised
People willl trust your business way more.
You get the benefits of loans from bankstipend

Post automatically merged: Jan 31, 2021

First a registered business is more legal than one not registered usually. It is also more recognised
People willl trust your business way more.
You get the benefits of loans from bankstipend

Post automatically merged: Jan 31, 2021

First a registered business is more legal than one not registered usually. It is also more recognised
People willl trust your business way more.
You get the benefits of loans from bankstipend

 

[GIFTMICHAEL]

There are so many benefits of registering a business, and one of such is gaining the license to operate within the country and also own a business bank account.

Yes buddy to have a license to operate is an advantage that anybody can enjoy when you register a business.
Without registration it is impossible to operate any business in any domicile.

 

[KvngMurphy]

Business Registration is very important as it will give you alot of benefits and also protect your business by securing your rights against any third party and in the case of failure of registration you may have to face legal consequences. Registration of business is a primary thing for any business during incorporation.

 

[idhans]

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...

it is very important to register any business start you are about going into no matter how small is the business. A registered business will help you to obtain loans from financial institutions easily. It will also help you to access agricultural funds, grants, or investment funds for private enterprise from government, companies, non-governmental organizations, and financial institutions.

 

[Usman Sattar]

If you are planning a startup then you should register it. We recommend you to use this service to register your company. Registration of business is very important, it will give you many benefits, and it will protect your business and secure your rights against the third party and in the case of failure of registration you may have to face legal consequences. Registration of business is a primary thing for any business during incorporation

 

[Naina]

It is very important to registered your business because you are legally permitted to do business in that area. You should register your business to run it legally for a long term.

Post automatically merged: Jan 31, 2021

It is very important to registered your business because you are legally permitted to do business in that area. You should register your business to run it legally for a long term.

 

[Bookwormlux]

Another benefit of registering your business is that you get to benefit from any government support. The last time my country's president was trying to help business owners, only the ones registered with the corporate affairs commission were able to benefit.

 

[Axad. Mrb]

I’ve met a lot of entrepreneurs who forgo registering their business. The reasons vary. Number one perhaps is that it’s too time consuming in the Philippines to register a business.
Meanwhile, some are just waiting for their profits to become stable before registering. Ironically, it is hard to grow a business if you’re operating illegally.
However, on the hand, becoming legitimized has many advantages.
Some of which was shared in a recent press release by Globe myBusiness that I made into a simple infographic below.

 

[Milz]

Registration of business goes a long way in giving you a geniue buiness identity. Registering your company also gives you the leverage to borrow money from commercial banks to finance your business.

 

[Setho]

Our government recently introduced a relief me sure for covid 19 called the survival fund for business, only businesses which are registered with the cooperate affairs commission were going to be considered.
It is important to do all legalities with your business and update them when due. It builds trust with customers and will prevent you from getting into trouble or missing out on benefits.
A lot of investors might even feel relucant investing in an unregistered business.

 

[Quert]

A company registration allows you to hire full-time workers and pay them in compliance with state laws. You can receive a state identification number when you register your company with the state, which helps you to route state taxes on the employee's behalf.

 

[WhiteHouse]

advantage of enlistment is getting some lawful risk security ( note that a privately owned business restricted by share has a lawful character particular from that of its supporters). On the off chance that you register or join your business, you won't be considered actually liable for specific mishaps and different liabilities caused by the enlisted organization. Subsequently, you may think that its simpler to pull in financial specialists, since they will realize you are not by and by answerable for the organization's prosperity.

 

[Mandypaul]

There is nothing really special about registering your company with a trusted organisation or government but if in case you want to register your business with the government it will be better in the sense that it will give you a business an official recognition in the society end people will be more confidence to do business with you.

 

[Kiwi]

When you register your business, you collect license from the relevant body certifying that your business is legal. Registering your business formally has its own advantages and disadvantages according to the type of business that might be involved. Most sole proprietors don't register their businesses in my country because they feel they have a greater disadvantage which is the heavy tax imposed on them by government.

 

[Chibson]

There are many reasons why you need to register your business. A registered business is official recognised officially by the government. It will make your business more opportuned to take loans from banks and other agencies. Likee in Nigeria, the government gives grants to registered businesses. This therefore, may be a great opportunity to your business.

 

[Shayo]

There are many reasons why it is important to register your business. Firstly, it helps you avoid legal problems with the government or customers or competitors.
It builds the business reputation and trust among customers, people are more relaxed when they are aware that a business is registered, they know they have the backing of the law if any problem arises.