Business registration is the act of incorporating a company under a particular jurisdiction. It is an important stage that is just as crucial as obtaining a business license. It is a necessary legal process and entity that must be conducted within most jurisdictions.
Business registration explained
Business registration is the process of obtaining legal authorization to conduct business within your chosen jurisdiction. It is a legal obligation of most jurisdictions and ensures that a business is operating under the lawful obligations of its control. There are a number of formalities that must be completed prior to completion of the business registration stage.
The first important stage in business registration is deciding upon which jurisdiction to establish your business in. It is important to consider the financial and economic advantages and disadvantages of setting up business within that jurisdiction. Once the jurisdiction has been chosen, the process of business registration and licensing can then begin.
It is important to submit a range of documentation including certifications and professional references, as well as a detailed outline of the structure of the company. In addition, the company must present a proposed company name that complies with the jurisdiction’s legal requirements, which will be assessed by that jurisdiction’s registrar general.
Business registration is very important as it establishes the business as a legal entity. Without business registration, your company cannot be legally considered and will not be protected under any grievance procedures etc. In addition, it will not be protected by the jurisdiction from any economic, legal or social instability.
For more information on business registration procedures, Contact Us.
Alternatively, if you would like to register a company please see our Company Formation options.