1. Imagine spending time and effort to grow your business and suddenly you were told you can no longer trade with the name because someone else has registered it?

2. Imagine you have the opportunity to supply large quantity of your product to a multinational company or render a service to the government agency and you were not able to get the contract just because your business is NOT registered?

3. Imagine getting someone who is interested in investing in your business but decided not to just because you are NOT registered.

BENEFITS OF REGISTERING YOUR BUSINESS

1. Customers and clients, especially people you have never worked with before, need assurance that you are a legitimate business.

2. You need to provide proof that your business is properly registered with the state to open a corporate account with the bank.

3. When you apply for small business loans, you're going to have to prove that you are registered business. Lenders and investors will ask to see your business registration along with other application requirements before approving you for a loan.

4. Continuity of the business

If you want to register your business name, Limited company, Association and others

Source: http://waleolajumoke.org/business/37-legal/214-why-you-should-register-your-business

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