Why is it important to Register your business?

To be more professional
You prove to the world that you are legitimate and are not after a quick buck. It shows your customers that you are serious and will not simply disappear tomorrow.

To protect and secure your business name
Registering your business name protects it from being used by other businesses. When you register a company, the name that you choose is reserved to you only. 

To get access to funding
One of the advantages you enjoy when you register a company is the increased access that you get to funding sources. There are various government loans available for youths and small businesses. In addition, various economic development agencies, banks and NGOs provide low-interest loans to small to medium enterprise owners who may not qualify for traditional commercial loans.

To separate personal and business finances
Most small business owners discover painfully that mixing business and personal finances is a recipe for disaster. The majority of small businesses that fail fall into this trap. Having your business regsitered helps you separate these two so that you don’t run into problems tomorrow.

To participate in tender processes
In order to apply for both government and commercial tenders you need to be a legalized business entity. All tenders have on their top of the list the requirement to be an incorporated company. 

Business continuity
Do the names Toyota, Microsoft, Facebook or MacDonalds sound familiar to you? Good. What do they all have in common? They were started by individuals. And because these individuals registered their companies it means their businesses are able to continue without them. They are now separate entities from their person. That’s the power of registering a business. It ensures the continuity of your business beyond just you. Customers are interested in knowing if your company has a future and if the company is able to continue serving them in your absence.