BUSSINESS REGISTRATION

BUSINESS REGISTRATION
 Is a process of formally establishing a
business entity with the government in order
to legally operate.
 The specific requirements for a business can

vary depending on the type of business entity

being formed.
BUSINESS REGISTRATION CONT’S

 This enable a business owner to enjoy a range

of benefit such as
 Liability
 Suppliers
 Tax benefits
 Access to financing.
STEPS IN BUSINESS
REGISTRATION
1.CHOOSE BUSINESS STRUCTURE
 The first step is to choose kind of the
business suggested by the owner. There
different forms of business like;
 Sole proprietorship is a form of business

structure which is managed by a single

person.
 Partnership is form of business structure

which owned by two or more people.

BUSINESS STRUCTURE CONTINUES
 Corporation is a form of business structure
which allows the business owner to protect
the personal assets from the business
liability.
 Because its has limited liability means that

the liability of the corporation is managed by

the company its self.
2. FIND THE LOCATION
 Once after selecting the business structure
the owner needed to allocate where the
business must be found.
 Because as far the registration goes the

business address is needed for receiving

important documents from government.
3. REGISTER BUSINESS NAME
 Next comes is registering business name is
usually a part in order for it to be recognized
and to have its own name.
 And the name of the business must be found

different from the name of other company in

order for it to be registered.
4.REGISTER WITH THE BLERA
 Next comes is register the business with
BRELA in order to get identification number
and social security number for the business.
 This is important part because through this

the business is able to be surveyed in order

to see if its managed to be registered.
5. REGISTER WITH THE LOCAL
AGENCIES
 Once after all the process to be done the
business is needed to be registered with one
or more local agency in local government
such as revenue officers if the business plan
to payroll.
 In order to file the payroll taxes.
6. APPLY FOR THE LICENSES AND
PERMITS
 Lastly the business have right to have
licenses and permit in order to begin to serve
customers.
 Once the business is registered and gotten

the paperwork then focus on most fun part of

the job.