Day in day out, new businesses are springing up to meet the unending needs and demands of consumers.
Many entrepreneurs put in a lot of efforts to offer the best products and services to their clients.
Most business owners have a business identity recognized by their customers and it is one of the many ways a customer identifies with a said product or service as well as its producer (provider).
A business’s identity can be associated with their brand logo, brand name, a unique product offering, among others.
All the above will have solid grounds when the business is also duly registered with the regulators.
In this article, we will look at some of the benefits registering your business (with the regulators) comes with:
1. SECURING YOUR BUSINESS NAME:
Once a business owner has its intended business name registered with the regulators, it cannot be used by any other person, as long as the name remains in the regulators’ system. This helps to secure your unique business name and identity as a business. It protects your hard work and goodwill, as no one can take up and use your hard earned business name and brand as long as your business remains registered and in the books of the Regulator.
2. EASE IN SECURING CONTRACTS:
Most corporate institutions, if not all, will only do business with a legitimate business and having a registered business to a very large extent signifies a serious and legitimate business. It simplifies starting and closing any business deal with corporate institutions as it is a good indication that you’re a serious business.
3. EASY ACCESS TO CAPITAL:
It gives much credibility to your existence as a business, giving you room for easy access to funding from investors, loans from banks and other financial agencies. No one wants to give out their money to someone or business in the shadows.
4. EASE WITH BUSINESS BANK ACCOUNT OPENING:
It is highly recommended for business owners to have a separate bank account for their business and personal account. It’s a sure way to track incomes and expenses being made by the business and in effect, the progess your business is making. Generally, banks require your business registration documents to open an account for your business, hence, another important reason to register your business.
Do you need more clarification about registering your new business? Do you need assistance with your business registration and documentation? Call us now on 030-295-1447 or visit our website on www.launchapp.co for further information and prompt assistance.