I am here to discuss The Benefits of registering your Business/Association with the Corporate Affairs Commission
I will list at least 9 Solid benefits of registering your Business/Association with the Corporate Affairs Commission
1.) Certificate of Incorporation: Your Business/Association will be issued Certificate of Incorporation which makes your Business/Association to be a legal entity.
2.) Reputation with Customers: Building reputation especially from customers and clients you have never done business with before. Registering your Business/Association gives your potential customers confidence that they are dealing with a reputable and registered Company/Association. If your business is online based and you have the option of customers paying to your company account before you can ship the goods or services, having a registered business/Association together with a Corporate Bank account give more credibility and trust.
3.) Account opening in your company name: Having corporate account gives you more credibility and trust from customers, banks, suppliers and other business partners.
4.) Legal Liability Protection: When you register your Business/Association, you are a different entity from your Business/Association. You also get legal Liability protection. If you obtain loan and you defaulted in payment, your bank will not seize your property except the Company/Association assets because you are protected from such incidence.
5.) Getting Loan: when your Business/Association is registered, accessing loan becomes very easy compare to personal loan application. With your documents, you are going to prove that you are actually a business. This gives credibility and trust and also ensures confidence and your investors or lenders will see that they are dealing with a registered business and will be willing to do lend you money if other terms and conditions are met.
6.) Business Continuity: If you register your Business/Association, even if you are dead or become incapacitated, your Business/Association continues especially when you have the right structure in place.
7.) Getting on Record: One great advantage of registering your Business/Association is to ensure your Business/Association name is not registered by someone else. So always strive to register Business/Association name before someone else snaps it from you.
8.) Hiring Employees: A registered Business/Association can employ part-time or full-time employees and pay them salaries and other benefits. You have the opportunity to seek for interns especially from NYSC or SURE – P that will not cost you a lot in terms of paying salaries and incentives or even cost you nothing in the case of SURE -P.
The last but not the least.
9.) Business Trip to Other Country: Another great benefit of registering your Business/Association is that you can easily obtain visa and travel to any Country for business purposes. Even Country always welcomes foreign investors who are interested in doing business in their Country because such good investments will add value to their economy.
If you have any questions or further clarifications, Kindly call me on 08033782910 or whazapp me on 07089955363.
Thank you all.