Every business whether small scale or large scale must be registered with the government. The following are some of the benefits.
- It is a proof of establishment of the business
- It increases creditability which helps to avail loans from bank for business purpose
- It creates goodwill in the market and attracts more customers.
- It is mandatory to open a current bank account in the name of the firm.
- There are many other benefits of Government registrations such as subsidies, lower interest rate of loans, etc. as per the rules of form of registration.
Register your business with the professional at Legalwiz.in