Hello ,

Happy New Week to You.

I hope you had a restful weekend?

Today, we will be talking about the legal structure of your business and how that could impact your outcome in the future.

By the end of this email, you would have learned why A business name might not be the best option for you especially if you are looking at doing something huge with your idea.

Choosing the right legal structure for your business should never be about cost.

Stop using the cost of registration as the yardstick for deciding what structure of business you should have.

Agreed, a business name is also known as a venture or Enterprise may be cheaper ( cost wise) than an actual LLC but in the long run, it is almost pennywise Pound foolish Thing.

Do you know that a business name does not offer You any form of legal protection from any liability?

Do you know that you cannot enter into a contract using your business name?

Why?

Because the law does not see the business name or Enterprise as a legal venture.

It is not separate from the owner so doesn't have any form of legal covering.

Do you know that you cannot access equity funding opportunities or attract equity investors into your business when you operate as a Business name?

That means that you have to rely solely on your financing and loans from Family members and friends, banks, or even online loan companies.

And even if for any reason you smuggle someone into the business, the law will not be on your side should anything go wrong.

A debtor will drag your generation if you default in repayment even for one day and you can't run to the law for protection.

Do you know that it will be almost impossible to scale your business name as fast as you can scale a company?

Do you know that a business name or enterprise has a very limited scope in terms of the businesses that you can do under it?

Do you know that there are some contracts you can't get and some organizations that won't do business with you just because you running a Business Name?

Dear ...

The legal aspect of your business is not limited to the registration of the business alone...

There are legal implications for any structure that you choose for your business...

And if that be the case, Stop deciding the legal structure of your company based on cost.

Have the big picture in mind always when starting your business.

This thing can grow big you know!

How can we help you to get started today?

To your #LegalSense

Barinaada