fbpx

Why Do I Need To Register My Business?

You have found a great business name. Congratulations! Finding a business name is an important first step toward starting your own business. Now it’s time to take the next step, to be sure you can use your business name and protect it. 

Here are 7 benefits of registering your Business online

  • Firstly, you will be issued a certificate of incorporation by the appropriate government agency
  • Secondly, registering your business online gives your potential customers confidence that they are dealing with a reputable organization
  • Another great benefit of registering your company name is to use it to open a corporate account in your company name
  • When you register your business as a Limited Liability Company, you are a different entity from your company. You also get legal liability protection. If you incorporate, you will not be held personally responsible for certain accidents and other liabilities. Therefore if you obtained a loan and you defaulted in payment, your bank will not seize your property except the company asset because you are protected from such incidence.
  • When your company is registered, accessing loan becomes very easy to compare to a personal loan application. With your documents, you are going to have to prove that you’re actually a business. This gives credibility and trust and also ensures confidence and your investors or lenders will see that they are dealing with a company and will be willing to do lend you money if other terms and conditions are made.
  • A registered business can employ full-time employees and pay them salaries and other benefits.
  • Lastly, another great benefit of business registration is that you can easily obtain a visa and travel to any country for business purposes.

If you have any questions, please use the comment section, 360SecMedia will not provide answers on this topic via chat, please share this article to help someone

Leave a Comment

Your email address will not be published. Required fields are marked *