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You Have Been Making A BIG Mistake! - Business - Nairaland

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You Have Been Making A BIG Mistake! by wmcnigeria(m): 1:42pm On Apr 09, 2019
You Have Been Making A BIG Mistake!

5 Reasons Why You Should Register Your Business Now!

1. It gives you a unique identity (and protects it too)

2. It protects you from personal liability

3. It makes you look serious and attracts more customers

4. It’s easier to get bank credit and investment from investors

5. It’s important for continuity sake


Still not convinced why you need to register your business? Let me tell you a story!

Fred is an entrepreneur who makes very beautiful shoes for men and women with the best quality leather. This has been his line of work for seven years now and thousands of people love his shoes.

Infact, his shoes have become so popular that people commonly refer to it as ‘Fred shoes’. People actually go to the market and ask for ‘Fred shoes’. Most of his customers are so loyal that they will not wear any other brand of shoes (local or foreign) except for Fred’s shoes.

Just last year, one smart entrepreneur (let’s call him John) caught a bright idea and decided to register a company and named it “Fred Shoes Company”.

It cost him time, effort and money but John went through the hassle to register his new company. Guess what? His new company makes shoes too. These shoes are also of high quality but they’re not as good as the popular Fred shoes.

But the interesting thing is, John’s company’s shoes are labeled ‘Fred Shoes’.

As you may have guessed, Fred finds out that John’s company is selling its shoes with a ‘Fred Shoes’ label. What can he do?

If he does nothing, these new shoes that carry his name will confuse his customers and he could lose sales. So he decides to sue John’s company “Fred Shoes Company”.

Who do you think will triumph when this matter goes to court?

The facts of this case are quite simple:

One person (John) owns and runs a business that is legally registered and recognized by law. The other person (Fred), although running a very successful but unregistered business, has become a victim of his own mistake. He owns and has been operating a business that doesn’t legally exist.

This is a sad example of the kind of unfortunate things that could happen when a business is not properly set up and registered.

Why wait�‍♂�‍♂ contact us now on 08105815294 or 08157948955

Available Registeration:
Business name
Limited
NGO

Worldest Mediatech Concepts
wmc.com.ng
CAC/BN/2656637
Re: You Have Been Making A BIG Mistake! by wmcnigeria(m): 1:53pm On Apr 09, 2019
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Re: You Have Been Making A BIG Mistake! by wmcnigeria(m): 1:55pm On Apr 20, 2019
Forget the fact that government might disturb your business operation without CAC registration or you are not legally recognized, what about the security of your bsuness in the story you have read above.

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