KEMBAR78
MODULE 5: Legalizing A Business What Do I Need To Do? Reflection Paper | PDF | Brand | Insurance
Scribd
Upload
132 views1 page

MODULE 5: Legalizing A Business What Do I Need To Do? Reflection Paper

Registering a business is important for several key reasons: 1) Registration establishes a brand name and protects intellectual property rights. It allows a business to legally protect its name and prevents others from using it. 2) Registration provides legal protections for the business owner and employees. It separates personal assets from business liabilities, and provides insurance in cases of lawsuits or claims against the business. 3) Registration ensures proper licenses and certifications are obtained if required by the business activity or industry. This protects both business owners and customers by ensuring all legal standards are met.

Uploaded by

Eda Angela Oab
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
132 views1 page

MODULE 5: Legalizing A Business What Do I Need To Do? Reflection Paper

Registering a business is important for several key reasons: 1) Registration establishes a brand name and protects intellectual property rights. It allows a business to legally protect its name and prevents others from using it. 2) Registration provides legal protections for the business owner and employees. It separates personal assets from business liabilities, and provides insurance in cases of lawsuits or claims against the business. 3) Registration ensures proper licenses and certifications are obtained if required by the business activity or industry. This protects both business owners and customers by ensuring all legal standards are met.

Uploaded by

Eda Angela Oab
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Name: Eda Angela N.

Oab GE-EM
Course & Block: BEED 2-A
MODULE 5: Legalizing a Business
What Do I Need to Do?
REFLECTION PAPER
Question: Why is it important to register your business?
Business registration is significant for making a brand name since these days it is vital for
any business to get a brand name, so business enlistment is significant for making a brand name.
A brand name is a significant resource of any business so prior to getting a brand name you need
to enlist your business. Enlistment of business is vital, it will give you numerous advantages, and
it will ensure your business and secure your privileges against the outsider and on account of
disappointment of enrollment you may need to confront legitimate results. Enlistment of
business is something essential for any business during consolidation.
Guaranteeing your organization is appropriately authorized assists with carrying
insurance to yourself, your representatives, and your clients. Having the right permit will
guarantee your own resources are secured if there should arise an occurrence of a claim just as
giving insurance to you if your business is harmed. This works the opposite way around too as
though you are actually at risk for harming another, your business' accounts won't be accessible
in the settlement. An authorized business is totally isolated from yourself, which means your
organization's duties aren't recorded with your own. This makes it far simpler to report pay just
as business misfortunes.
A permit will likewise guarantee your workers are secured if they are harmed just as
ensuring your clients. If you sell food or sell a thing that contacts the human body, for example,
in case you own a nail salon, you will be needed to have a specific grant similarly as be expected
to spend a yearly audit. It ensures both you and your clients on the off chance that any episodes
happen. If you acquire a permit for your business, you are guaranteeing that your data stays
private. It incorporates everything from your location to your funds as they won't be related to
the business and will nearly promise you to hold a degree of people protection.
Therefore, it is always better to do business in an organized way. It requires certain
registrations and certificates. It will give your products or services certain authenticity and also
reduces your tensions too. If you are fulfilling all your legal requirements, then you will not have
to worry much. You can concentrate on improving your business. Besides, it will make you
eligible for the incentives that have been announced by the Government from time to time.

You might also like