5 Reasons to register your business
Registering your small business can seem like a big step, but for new entrepreneurs, it’s a smart choice. As a small to medium-sized business (SMB) owner, you want to establish and protect your unique brand. You also want to ensure that if anything happens to your business, your personal finances aren’t affected.
There are several legal and tax benefits attached to registering your business. When you start earning money through your small business, the government considers you a sole proprietor. This means you operate the business under your own name and file business taxes on your personal tax return – you and the business are the same legal entity in the eyes of the law, which may not be in your best interest.