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Benefits Of Business Registration In Nigeria - Business - Nairaland

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Benefits Of Business Registration In Nigeria by Blossombliss207(f): 3:27pm On Jan 13, 2023
Dear Business Owners,

Do you know It is a SMART choice for all businesses, service providers, and entrepreneurs to register their businesses?

Yes ooo...

Pls, read this piece to the end to get the main gist, you won't regret it!

WHATEVER BUSINESS YOU DO IN NIGERIA, WHETHER OFFLINE OR ONLINE, WHETHER SKILLED OR UNSKILLED, YOU NEED TO REGISTER IT WITH CORPORATE AFFAIRS COMMISSION (CAC). TO GAIN LEGAL RECOGNITION

The benefits of doing so are worth it, check it out

BENEFITS OF REGISTERING YOUR BUSINESS

1. Avoidance of Personal Liabilities and Risks: Incorporating your business eliminates most of your liability and risks.

2. Separate Legal Entity. Your incorporated business is deemed by law to be a separate legal entity. It has rights and privileges as a human person.

3. Equity Financing. Your ability to attract investors and raise money for your business will be easier. Investors are likely to invest in a registered company rather than an unregistered business that has no formal structure in place.

4. Reputation and Prestige. Your business reputation and prestige are enhanced. The incorporation of your business can suggest that the business has permanence and is committed to effective and responsible management.

5. Perpetual Succession. An incorporated business has its own legal identity which affords it perpetual succession.

6. Debt Financing. Registering your company gives you the ability to borrow money from institutional lenders or commercial banks to finance your business.

7. Corporate Bank Account. Operating a business bank account is an important asset to your business because it enables you separate personal activities from business activities.

8. Public Perception & Brand Credibility. Registering your company enhances your brand image credibility and perception of your business.

9. Legal Protection. Once your business is registered or incorporated with the Corporate Affairs Commission, your business name is protected and nobody can use the same name or even a name that is similar to it throughout Nigeria.

Hence, registering your Business name is a very important step to take for your Business authenticity

Hope you get it now

For more information call: 07063255097

OR

WhatsApp: 08129216627

Thanks for coming this far...

May your business continue to receive more visibility while you register your business name with CAC today �

(1) (Reply)

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