why is it important to register your business?

[kinqzbitz]

Registering a business makes it official and legit and so it saves one from the wrath of the government, besides as good citizens we are advised to follow the rules and regulations

 

[Ezekiel]

One of the benefit of having a registered company is that you won't be producing things like a thief,always hiding to produce things,rather the things will be produce with the government approval

 

[Immilash1]

I don't think that's important for me. There's is no need to register my own business. There are many entrepreneurs in my area that collects loans without their business name's. I don't think it's important to me.

 

[kayode10]

You are going to risk a close down if you fail to register your business with the government. The closing of the business happen when your business is growing. And this can be a big problem if it happens that you take a loan to build the business.

 

[Kaffyfolla]

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. So if you plan to hire on employees to your business, it's best to take care of registering your business with the state before you even start the search for workers

 

[kayode10]

Registering your business with the government comes with his own benefits. one of it is that you have access to government grants and forgivable loans if it happens that you pay your tax regularly.

 

[Lucy ID]

There are different benefits for getting your business registered, it's makes your business recognized and approved by the country or state and you will be open to more opportunities

 

[Kaffyfolla]

Registered business makes you eligible to receive supplier discounts that you wouldn't normally receive as an unregistered operation. Suppliers commonly reserve wholesale rates for business owners who can show official paperwork from the state. Also, if you plan to try to get government contracts for your company, a business registration is one of the first requirements

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. So if you plan to hire on employees to your business, it's best to take care of registering your business with the state before you even start the search for workers.

 

[Good-Person]

Registering your business allows you to deal with legal problems that you might face later. Registering your business allows you to pay taxes smoothly without facing the law.

 

[Sotherefore]

If I have a business the first thing I will do is to registered the business because this will give your business an facial authority to operate anywhere without restriction by law enforcement agencies. That is just the best way nowadays

 

[tyrim88]

Registering a business makes it official and legit and so it saves one from the wrath of the government, besides as good citizens we are advised to follow the rules and regulations

The importance of getting your business registered is very many,it will make the business have a formal look,and whenever there is a grant from the government,it will very easy to accesss the grant from the agency of the government.

 

[Bookwormlux1]

Registering your business has got more benefits than you can ever things of. It gives you credibility, helps you to be able to benefit from government support and lots more.

 

[Shigobad20201]

Not all business that requires registration, like sole proprietorship business. Doesn't need registration before getting started, you can register other lucrative business, like pari tnership business, private liability companies etc.

i understand your point that its not everybody that needs to register their sites most especially small scale business but there are some benefits attached to registering of business under the government

 

[Sincerem]

i understand your point that its not everybody that needs to register their sites most especially small scale business but there are some benefits attached to registering of business under the government

Sure, it's not for every business owner. Unless on your own, you want more security for your business incase tugs wants to use your business for shade or driving unnecessary tax from you, with the power of govt such can't take place.

 

[Shigobad20201]

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. So if you plan to hire on employees to your business, it's best to take care of registering your business with the state before you even start the search for workers

Apart from giving you the privilege of hiring a full time workers at your disposal , you also have the opportunity of having your customise company name with the government which also comes with opportunities to get loans sometimes.

 

[Smiles20]

There is always some legal implications to those who did not register their but and as someone who is just starting you will nott want to get into any kind of legal trouble at this point in time.

 

[kayode10]

Registering your company will prevent you from experiencing experiment from the task force that are formed of closing down the company which does not registered with the government. registering the company with the government should be the first thing an enterpreneur will always do before anything else.

 

[greenie]

Business registration is important because it marks your business as official and people trust you more + it's legit once you register it. But first and foremost, it is more reliable in people's eyes if it is registered.

 

[Good-Person]

There are many unregistered businesses in my country, but the government took strict action against them before the pandemic. Registering business reduces your chances of facing law and you can also pay taxes in a much better way.

 

[Ghost1]

There are privileges or favours one tends to enjoy if he register his or her business. One of them is getting grants from government. Government only pay out grant to registered businesses