Firm registration is a formal process required to legally establish a business entity. It involves several steps, which can vary depending on the location and type of business. Here’s a general overview:
Each jurisdiction may have specific requirements and procedures, so it's advisable to consult with a legal expert or business advisor to ensure compliance with local regulations.
Legal Recognition : Officially recognized as a legal entity.
Limited Liability: : Protects personal assets from business debts and liabilities.
Access to Funding : Easier to obtain loans or attract investors.
Credibility : Enhances the business’s credibility with customers and partners.
Tax Benefits : Eligibility for various tax benefits and incentives