5 Reasons why you need to register your Business Name

July 11,2012
The following are 5 reasons why you need to register your Business:

1. It distinguishes you and your Business: With the increasing spate of corruption and other associated fraudulent activities, operating with a registered business name will give you a distinguished status and trust from the public. Because registering your business require your details with respected members of the public vetting for you.
2. Access to credit facilities: Your registered status as a Trader gives you access to credit facility from your bank and other similar financial houses easily than when you are not.
3. Fast Transactions: You receive preferential treatment wherever you transact, hence it reduces average time spent in most of your business dealings.
4. Enjoy exclusive rights: There are business offers that only be given to registered business owners. There are also incentives you receive from the government of the day such as tax holidays, tax refunds and other incentives which you may not otherwise be privilege to access.
5. Legal Status: By possessing a registered Business name your business has a legal status, that is your business can sue and be sued. This saves your business from being an object of victimisation.

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