Importance of Business Permit

[relcap23]

I just noticed that there's an increased number of business permit applicants in our town this year. This maybe due to the fact that it's important to engage in a business with a legal mandate to do it and it would be easier for the owners to access funds for working capital because financial institutions require it. Do you have a permit for your business activity?

 

[Chibson]

Having a business permit is very important because everything you're going to do will be legal. Your business can easily access loans.

 

[relcap23]

Having a business permit is very important because everything you're going to do will be legal. Your business can easily access loans.

Some government agencies also give assistance so it's easy to be granted it if the business is legal.

 

[Chibson]

Some government agencies also give assistance so it's easy to be granted it if the business is legal.

Yes, that is actually very true. Your business can easily get government grants if it has a business permit. That is also another major advantage.

 

[Shavkat]

You might not believe that in Baguio City, even a peanut vendor needs to have business permit. Some of the street vendors are whining about it because they cannot even afford to pay the fee of it.

 

[eldavis]

If am not mistaken, i believe a business permit can also be seen as business Registration or licensing your business officially right? I do not have one yet for my business though cause i just started and once am able to get the needed capital, i would definitely register it.

 

[flower]

Obtaining a business permit for your business is extremely important because it is the law of the land and you must try as much as possible to obey the law in your country.

 

[Bisolami]

Obtaining a business permit for your business is extremely important because it is the law of the land and you must try as much as possible to obey the law in your country.

This is why you see that some government officials will go to any business company to close down their business because they do not have the permission to be producing the products that they are doing

 

[Knowledge Quest]

If am not mistaken, i believe a business permit can also be seen as business Registration or licensing your business officially right? I do not have one yet for my business though cause i just started and once am able to get the needed capital, i would definitely register it.

Does this permit serve as an insurance?

 

[Niyi Briggs]

Does this permit serve as an insurance?

The permit is not an insurance. It is just a legal authorization to operate a business. It is given by the government. Like your exchange business might need a registration and permit as it grows bigger.

 

[relcap23]

You might not believe that in Baguio City, even a peanut vendor needs to have business permit. Some of the street vendors are whining about eit because they cannot even afford to pay the fee of it.

Fess usually sums up to some 2,000 pesos or about 20 dollars annually which is 5 pesos a day more or less . Since it's a one time payment they think they cannot afford it.

 

[IB D]

I am working on getting my own registration certificate. It is important to be recognized as a legal business in tye country you operate. Grants are only given to registered businesses.

 

[Chibson]

one of the major importance of business permit is that you can easily get loans whenever you are apply. In this part of the world you can go to corporate affairs commission to get a business certificate

 

[Starmix]

You can operate a business big or small without a permit? In my business, of course, I sought a business permit in the city hall, wnt to DTI, file tax for my business. It is a sacrificial business.

 

[Chibson]

You can operate a business big or small without a permit? In my business, of course, I sought a business permit in the city hall, wnt to DTI, file tax for my business. It is a sacrificial business.

Yeah, in this part of the world it is very possible for you to operate a small business without any kind of permit. If you want the business to go big it is important to obtain a permit.

 

[Starmix]

Yeah, in this part of the world it is very possible for you to operate a small business without any kind of permit. If you want the business to go big it is important to obtain a permit.

If continue to operate a business despite no permit, the owner will land in jail or the local government's treasury confiscates hs goods and never be grated a permit.

 

[Chibson]

If continue to operate a business despite no permit, the owner will land in jail or the local government's treasury confiscates hs goods and never be grated a permit.

Probably, that is actually one of the major importance of trying as much as possible to have a permit before you operate any business. It is very essential in some countries and you can land in trouble if you don't have it.

 

[Starmix]

Probably, that is actually one of the major importance of trying as much as possible to have a permit before you operate any business. It is very essential in some countries and you can land in trouble if you don't have it.

There is none in my place who runs a business without a permit. They cannot escape the law. They must avoid it or else they cannot have a business throughout their lives.

 

[Shavkat]

Obtaining a business permit for your business is extremely important because it is the law of the land and you must try as much as possible to obey the law in your country.

It is a must to acquire this business permit not only locally, but also internationally. That is why a business owner needs to be aware the local laws and in abroad. Business permit is so essential to operate without shortcomings.

 

[Heatman]

Having a business permit is very important because everything you're going to do will be legal. Your business can easily access loans.

It is always very good for you to make sure that your business is in line with whatever the laws of the country have stipulated in order to avoid any legal problems.