I want to start a small business in my hometown. By way of looking at things, it looks like most existing businesses have registration documents with them which means that they are operating legally. When I inquired about the cost ...Read more
I want to start a small business in my hometown. By way of looking at things, it looks like most existing businesses have registration documents with them which means that they are operating legally. When I inquired about the cost of business registration, I was told the much which I may not be able to raise for now. My question therefore is, is it possible to start up a business and operate without having it fully registered?
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It depends largely on where you live, some places are strict with business registrations, while don't really care, so it's very important to do your due diligence before you start a business. But It's important to register your business as a good citizen and pay taxes, it will also help you in scaliRead more
It depends largely on where you live, some places are strict with business registrations, while don’t really care, so it’s very important to do your due diligence before you start a business.
But It’s important to register your business as a good citizen and pay taxes, it will also help you in scaling your business to more profits.
If you’re just running an experiment then it’s understandable and you might not need that at all
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