02/02/2019
WHY YOU MUST REGISTER YOUR BUSINESS.
Having your business as a Company differentiates your business from the rest and takes you to high places and opens up opportunities you might have never thought possible.
When you register your business as a Company, you have the opportunities and all goodies associated with businesses.
The benefits of registering your business as a Company is unlimited. Some of the benefits of Company registration include the following:
1. ACCOUNT CREATION: When you hear the word account creation, what comes to your mind? A system that allows you to deposit and withdraw? That is only a tip of the iceberg. Company registration allows you to open corporate accounts and also run domiciliary accounts. A domiciliary account allows you to save your money in dollars. When you pay in money in your local currency into a domiciliary account, the money is automatically converted into dollars and protects your money from the effects of the harsh Nigerian economy and inflation. Also running a corporate account allows the Banker to serve you by completing your orders, issuing letters of credit on your behalf for international importation businesses and so much more too numerous to list here.
2. DUAL PERSONALITIES: Did you know that your Company and you are two different personalities, the legal implications of this is that your personal property and assets cannot be used to offset debt or any liability your Company incurs in the course of business. As such, where your Company owes a Bank for instance a sum of 100, 000, 000 (One Hundred Million Naira) and fails to pay, it does not matter that you have 200, 000, 000.00(Two hundred Million) in your personal account, as the Bank will not be allowed to move on your personal assets because your Company and you are two different persons.
Other benefits is that you automatically have one million shares issued on registration which you can sell to raise money for your business. Also your business survives in your absence as it is run by its directors. More so, You can run international businesses, obtain loans etc.
So what are you waiting for? The world is moving and its moving fast. Get on the bandwagon and create perpetual wealth for yourself and your loved ones.
