The benefits of registering your business with the government.

[Niyi]

Registering your business with the government can provide a number of benefits, including:
legal recognition of your business
protection of your business name
ability to apply for government contracts and grants
ability to file taxes as a legitimate business entity
ability to open a business bank account, and access to certain protections and benefits for employees.

Additionally, registering your business can help to establish credibility and legitimacy with customers, suppliers, and other stakeholders.

 

[Kane]

In my home country, doing business without registration is illegal. Small businesses are exempted from paying taxes but all kind of businesses need registration.