Business registration is the act of incorporating a company under a particular jurisdiction. It is an important phase that is just as vital as procurement of business license. It is a necessary legal process and entity that must be conducted within the jurisdictions. Registering company will help to attract the investors and raise money for business. Registering company gives the ability to borrow and incur debt but more importantly, sell shares and raise equity capital.
It will minimise tax liability in certain cases like education and training, and repairs and maintenance, that are not claimable by individuals. Company registration will boost the brand image and improve the relationships with customers and suppliers. As a sole trader or partnership firm you are responsible for debts and losses of the business but if the business is registered as company it can limit the personal assets form business.