why is it important to register your business?

[WhiteHouse]

You become Unique and more Official -When you're prepared to enlist your business, the principal thing the Business Registration Office does is to watch that no other business as of now exists with a similar name. Under law, no two organizations ought to have a similar name to try not to befuddle general society. Whenever it is affirmed that the name you've decided for your fantasy business is accessible (that is, no one else is as of now utilizing it), you will be permitted to proceed with the remainder of the business enrollment measures. Furthermore, except if your business fails and is officially broken up, no other individual can utilize or enlist a similar name.

When enrolled with the name you decided for it, you're lawfully allowed to feel free to plan a logo, make business cards and letterheads. Will you magine your business card with a moving logo and the name of your business strikingly composed across it and your name as CEO? That is really remarkable and rousing.

 

[Kiko]

The importance of business registration is to personal liabilities and risks incorporating your business eliminates most of your weaknesses and dangers. The extent of your liability is tied to the number of shares you hold in the company. Who cannot seize your assets to repay the debts owed by your business, and you cannot be held responsible for the debts unless you had personally guaranteed the debt/loan. Your incorporated company is a separate legal entity.

 

[Zamaney]

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).

 

[Jassshhhhh]

Registering your own business guarantees that you have a legitimate running business and you feel the sense of pride when someone asks you about how authentic your business is. This will also give you more customers because customers actually are picky and prefer legit businesses with permits.

 

[Aniwhyte]

A registered business has a lot of advantages more than unregistered business, if people know that your business is registered they will patronize you Without Fear of anything

 

[MarieArie]

You need to provide proof that your business is a properly registered business with the state to open a business bank account. The SBA has a guide for opening a business bank account. A business bank account is an important asset to a small business because you can separate your personal activities from your business activities. It is also more professional to give your clients a business name for payment instead of your own full name.

 

[Alogakho Esson]

In Nigeria business is registered with cooperate affairs organizations which is makes it legit and valid it gives investors confidence and right approach

 

[Thosynho]

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...

Registering your business makes your business more acceptable to customers. It gives customer assurance in dealing with you. Even when you want to bid for contract, many company will ask for your registration certificate.

 

[Kehinde]

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.

 

[Tariq Shehzad]

Registration is much need for a business and registering a business is a very important and nice step to take when involve in a business,although there are some businesses that doesn't require registration that is real estate business.

 

[Shahid Abbas]

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...

Of course it is very important to register the business because you cannot face problems in the buisness Because if you do not do this then you may get notice from government and also ban your buisness as well.

 

[iamgroot]

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 of the fundamentals on starting a business; being registered. To state its legitimacy, and to become official.

 

[Richmond funke abosede]

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

 

[Quert]

A well registered business and complete on papers is one way to prove its legitimacy to possible investors, therefore if you fully complied on all the requirements then maybe you attract big time investors that might possible contribute a lot to your business that will lead to being known more.

 

[Donolatunji]

It shields you from individual risk

This is seemingly the most compelling motivation why numerous individuals need to enroll their business. Without the legitimate insurance of restricted obligation, you could lose your business and individual property if something turns out badly (state someone sues you to court for weighty harms).

 

[Ayokex]

A business name is a business identity and the only way to retail it is to register it with appropriate government agency. If you don't register your business name you don't have total control over that name. If anybody register the name at any time be for you do the person owns it. Though you will still retail your business but the name, the identity is gone, you just have to rename the business before you can continue to operate

 

[Adetayo100]

It protects you from personal liability and this is arguably the biggest reason why many people have to register their business. Without the legal protection of limited liability, you might lose your business and personal property if something goes wrong.
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It protects you from personal liability and this is arguably the biggest reason why many people have to register their business. Without the legal protection of limited liability, you might lose your business and personal property if something goes wrong.

 

[Abbas ali]

Benefits of a Registered Business

Helps you avoid legal problems with the government. Secures your reputation as a legitimate business. Builds trust among suppliers, customers, and employees. Allows you to fully market your brand and business everywhere.

 

[MRizwan530]

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...

You are right another benefit of registering the business is under the tax registration department and you are safe no one can blame you about corruption or any other in which you can be at some point or any hard punishment.

 

[Ibrahim1]

Yes you are right and why we also register our business is because of our products and moreover Incase the products are not good and that's why we register and give nafdac number to able to trace the product of such products, we also registered business just to be a safer side
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Yes you are right and why we also register our business is because of our products and moreover Incase the products are not good and that's why we register and give nafdac number to able to trace the product of such products, we also registered business just to be a safer side