Here are some important reasons to ensure your business is properly incorporated…

1. Separate Legal personality.

This is especially for a limited liability company ( LCC).

Once you are registered your company becomes an artificial person with a mind of its own.

It can enter into contracts, buy properties sue and be sued in its corporate name. This is one major advantage that the Ltd liability company has over a business name.

2. Corporate account opening.

Having a separate account for your business will help you to be able to manage your finances.

You may never know the cash flow rate in your business if you keep mixing your personal money with your business money.

You actually do need the registration of business certificate or the incorporation certificate to facilitate the account opening process.

For purposes of tax, one of the documents to be submitted for collection of Tax payer identity number (TIN), VAT certificate, etc is the certification of incorporation.

3. Bidding/ Award of contracts.

Only registered businesses are usually considered for contracts by government agencies and private organizations.

No one wants to trust an unregistered business with a major contract.

Some organizations will go as far as insisting on an Ltd liability Company and not just a business name.

4. Trust Issues.

Registration of your business creates a sense of trust in the minds of your potential clients. People buy products and services from people they, know, like and trust.

5. Bragging right

For the serious entrepreneurs who desire to build a business that will outlive them, the day you finally register your first business especially as an Ltd liability Company marks a significant day in your life just like any other life-changing event.

Guess what?

It’s easy for people to actually find out whether you have a registered business or not before they decide to do business with you.

Do you need help with registering your business?

Reply this email now and lets get to it immediately.

P.S. For being on this list, we can give you a discount to be at our signature event for startup founders coming up this December at Raddison Blu Ikeja.

Reply this email now with the word "SPROUT" to get this opportunity.

To your #LegalSense

#BarinaadaLegal