Registration of a business is very important because that is what proves the genuity of your product not only that but the quality of said product too. A business which is not registered now can't get any good benefit from government or investors such as getting loan from banks.
why is it important to register your business?
- Thread starter Emmanuella
- Start date
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 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 very important to register your business, because when you register it under CAC, it means your business is legalized and it make you to have access to some opportunities like, loan, and connection with great people, as for me have registered my Business ( Pvicshine Creation) I specialize on Making of Shoes, Bags, Sandals, Slippers, Bets, Leather and Ankara Bags,Survinia and Training people.
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It is important to have your business registered because it is a source and means of identification and a process by which you gain authorization from the government of your country to continue with your products. This is majorly applied to large scale businesses and factories that are into production of goods.
It is important to have your business registered because it is a source and means of identification and a process by which you gain authorization from the government of your country to continue with your products. This is majorly applied to large scale businesses and factories that are into production of goods.
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It is important to have your business registered because it is a source and means of identification and a process by which you gain authorization from the government of your country to continue with your products. This is majorly applied to large scale businesses and factories that are into production of goods.
Registering your business gives you the sole and legal ownership of such business name. Secondly it makes it possible for you to take part in government grants or bank loans which may may difficult if such business does not have an identity.
It is very important to register your business because it would give the firm or establishment a formal look.It would aid the propritors an edge when sourcing for loans from financial institution.It would help the business to access grant from the govt when they want to give financial help to some businesses.
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Registered business is the best, because the benefits that comes through it is better than the one who doesn't operate with license. The person who registered his or her business under the beureus of the government is entitled to borrow funds from the public banking institution even private type, provided the business is covered and licensed.
when you register your business, it protect your business and ideas from intellectual thefts. It also opens doors for you to get loan facilities
When you want to move your business forward you have to register the business to improve the business and make sure no illegal person steals your business
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I remember filing for grants from a business non government organization,they needed a registered business,and that sorted the issue,
Avoidance of personal liabilities and risks. Incorporating your business eliminates most of your personal liability and risks. The extent of your liability is tied to the number of shares you hold in the company
In many Tier 3 countries many businesses operate without being registered. As far as my country is concerned, it is true that many businesses work without ever getting registered and the owners get into legal trouble. The main reason why you must register your company is simple:- It is required by the law. It's that simple. Your business is not legal until or unless you register it with the governemnt.
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Registration of business is very important and compulsory In almost all countries that I have been to. Registering a business enables the government take task and also be able to help a business in terms of emergencies like the corona virus pandemic time.
It is important to register your business because they're benefits attached to it. You insure the business and don't lose everything when hazards arises.
The benefits of registering your business are many. Registered businesses are protected and backed by law to carryout legal business activities. The business can finance big projects by borrowing loans from the government or from the bank.
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It is very good and advisable for people to always register their business in the sense that it gives them some certain recognition and respect. Registering a company is very important for those who are into business.
It is really important to register your business. It is the fast step to building a brand and it is a regulation in most countries. Then you can enjoy such benefits like having to take a loan using your business name.
Most big financial houses and institutions like the banks don't just give you as an individual loans for your business, instead they preffer to deal with you via your registered business name before you can access such loan facility.
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You really want that loan facilities to boost your existing business or actually start a fresh new business? Then go get your business registered first as a first step in getting the attention of these corporate bodies to take you seriously when you approach them for a loan
Business registration under the affiliation of the government beaureu helps us to operate with license and feel secured from mobs and invaders trying to move us out illegally.
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