why is it important to register your business?

[Damismiling]

When you are yet to register your company, you scare aware some legitimate potential investors and stakeholders that might want to transact with you, as your business registration is a proof of legitimacy

 

[Richard92]

It is very important to register your business under the corporate affairs commission, so that your business can be incorporated. Any business that is not registered under that body is not know by the government of Nigeria and can not stand under law. Your business became an entity of it own when it is registered, that is it can sue and be sue in the court of law. When registered you are granted memorandum of association and aticule of association.

 

[Kamon c4]

Registering your business under due organization and governmental institutions creates recognition for your business and it also allows you to be entitled to some benefits of it. For example when trying to purchase insurance for your company or business, it’s ideal if you to register your business under governmental corporations.

 

[Presido]

Business registration help in the avoidance of personal liabilities and risks. In corporarting your business eliminates most of your personal liability and risks. The extend of your liability is tied to the number of shares you hold in the company

 

[George10640]

Wow that's great when it comes to loan.No business can run well without enough resources in most cases that is capital. Business registration can also bring confidence to the people using the services .

 

[Sincerem]

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 advisable to register your business to gain license of operation from your country's government. But this format is applied to those private liability companies or those large scale business enterprise.

 

[Yan]

Registering your business is important, your business name is everything about your business, like your legal obligation to pay tax and also if you will also like to apply for a loan, you'll require a registered business for that

 

[lymelyte]

It is important because only legal business are respected and authenticated. Also, it is important to register for trademark reasons. You will be at an ease when you do so.

 

[Tiwa]

Firstly , registering a business gives you an edge when bidding for contracts.There are some business who are not qualified to bud for contract just cos they are not properly registered.
There are business name registrations-sole proprietorship /partners
There are incorporated ones- limited liability -These are usually the most recognised when it comes to big contract proposals.
And good thing now , in Nigeria, one person can now register under limited liability.
If you are not yet into huge businesses , i dont see reason why you should rush are register a personal small scale business .The moment you start using that business account, you start incurring some avoidable taxes.However, the perk of it, is the amount of single scredit that can enter your account without it been restricted.

 

[Aniwhyte]

It is very important to register your business, a good example is that you can't open an account for your business over here in Nigeria if it isn't registered. It is also important because it safeguards your business name as another person won't be able to use it. Another benefit of registration is receiving some legal liability protection. You would get loans from banks more faster if your business is registered, because banks would like to see your business registration certificate. New customers you haven't worked with would loved to trade with you once they have proof that your business is registered, the list is just endless. It is very good and advisable to have your business registered.

 

[Tanny]

When registering a business you are making the government aware of the existence of the business on the country and these allows the business to be eligible for all benefit shared by the government .it also helps in branding of the products for marketing

 

[Lekside127]

It is very important to register a business because a particular business idea does not come to only one person, the idea can come to three to four people or numerous people. It is advisable to register it when the comes.

 

[Aumeabbas]

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...

Well its tru and well discussed point.if business will registered then you will not face problems in near future.definitely ,you rose up good point and suggessions.

 

[Jonaville1]

Registering your business is not compulsory, but it sure has it's advantages. You are qualified to receive loans and investment deals from banks. Furthermore, you can apply for grants and relief funds from the government in case of an unforeseen occurrence.
So yeah, it is better to have your business registered.

 

[Life drama]

Registration of buisness is very important for business and investment because you have many advantages at your disposal like getting a quick loan to boost your business at a lower rate,you get incentives from government,your business will be exposed to a larger audience.

 

[Afoskalex]

Registering your business with the prescribed organisation gives your business an identity. People will tend to trust the business because they know has legal backing. It also gives you opportunity to secure loan.

 

[maventiger]

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...

Incorporating your business is very important if you want to expand your business. Your business stand to benefit from various business policies to help businesses have easy access to funds to government funds.

 

[Danny2021]

It is very important to Register your business, because it will make prospect trust you and have confident in you because you are legally permitted to do business in that area and your business can also have access to government support programs for business like loan and grant

 

[ahmedo24]

It is very important to Register your business, because it will make prospect trust you and have confident in you because you are legally permitted to do business in that area and your business can also have access to government support programs for business like loan and grant

This is the fact , this pandemic has shown the importance of business registration because for every form of grants the government wants to give they focus on business that are registered because they believe such business can be traced easily.

 

[Subhan abbasi]

Everyone have their own thinking about business but according to me we should do business by legall way and to become a good businessman we should register our business to run it legally for a long term.