Importance of registered business.

[Springtime]

It is essential to register your business as it gives legitimacy to the business you own. Customers will not have confidence if your business is not registered. You can open a company bank account and apply for credit facility. A lot of governments offer financial assistance to SMEs but they need to be registered.

 

[Stardom22]

When you register your business to the relevant bodies you get a certificate in return. The certificate can guarantee you business loans from the authorised credit facilities for the business funding.

 

[Etini Willie]

Any businesses that is not registered would not have any kind of legal dealings with the government. They are often overlooked if any incentive comes from the government.

 

[Chibson]

When you register your business it makes everything legal. you will also enjoy some sort of protection from the government because you have gone through every necessary legal means as a business owner.

 

[eldavis]

There are lots of benefits in registering your business. One of my goals for this year is to be able to officially register my business, i am praying i would be able to achieve it this year.

 

[Etini Willie]

Apart from the benefits of getting contracts, the public feel more confident transacting and patronizing a business that gas been registered. Even Angel investors too have more confidence in a registered business.

 

[Heatman]

When you register your business to the relevant bodies you get a certificate in return. The certificate can guarantee you business loans from the authorised credit facilities for the business funding.

Whenever your business is registered it is something that is going to give your business a more Lega and dignified standing to operate freely in the country.

 

[aovurevu]

Registering your business would make it easier for you to grow your business without fear of the fact that others might have been using your brand name.

 

[cherry123]

A registered business gain more than unregistered business. one with a registered business wil gain a lot of things from the government especially with govt to give grants to businesses.

 

[Niyi Briggs]

There are certain businesses that a business is supposed to partner with and execute projects but it won't be able because it is not registered. And if you want to transact any business internationally, your registration would be queried.

 

[Sophie]

I believe that it is important for businesses to be registered as it helps in case of legal issues.
A lot of businesses has gone through consequences because of there neglection in business registration

 

[Etini Willie]

One special benefit of registering your business with the government is that your business would be accorded legal status and no one would be able to abuse or coerce your business legally. Your business name is secure when once it s logged into the government portal as a registered business. You have every right to sue anyone who tries to use it and get huge compensation.

 

[Gicel]

Registering your business provides you with the necessary legal documents and certificates that will make your business genuine in the eyes of potential customers, partners and investors. This can help build trust and credibility for your business.

 

[Bisolami]

Just as we all agreed that it is relevant to register one's business, it has lots of importance when you register your business. Through registration, you would be able to claim bona-fide owner on it. It would become hereditary business which can be transferred from generation to generations. The copyright issue of the registered business cannot be disputed. People and companies would like to deal with registered business because of its legality. It's certificate can be used as a security in financial markets.

Registered business is very good and it will make your business approved by the government and people will be able to trust your business more because they already have it in mind that the business is legit since it is known by the government

 

[Phavee]

If you register your business you will stand to gain a lot of things from the government if they are going to give grants to businesses.

Yes this is so true. When your business is registered and known by the government to be registered you get grant from the government and it also makes people know your business.

 

[Tracee1]

Business is regarded as personal asset that must be protected. You can only protect your business when you register it with government companies registration agencies such as CAC. When you registered your business, then it becomes your personal property that cannot be pirated. It becomes your copyright assets. No one else would be allowed to register such business name anywhere in the whole world. Apart from this, it is possible to used the certificate of registered business to secure loans.

yes registering your business comes with alot of pecks and stress also, you have the responsibility to be punctual with your annual returns and also your tax, aside these, registering your business gives you a sense of security and the feeling of achieving something important.

 

[Starmix]

A business account must be registered to be protected or else the business owner will be sanctioned as operating illegally. In my country a business must be registered first at the DTI before starting the business.