Answer:

When a person decides to start a business, it’s normal to focus on the practical aspects: creating a business plan, improving the manufacturing process, establishing good distribution channels, marketing, finding a suitable office, and so on. But the legal aspects of the business are often forgotten, or set aside, until “everything else is settled”. This is a huge mistake, and one that small business owners, solopreneurs and solo practitioners must be very aware of. The consequences of not taking care of the legalities of your business can send your company to the curbside, or at least put major blocks on your way to entrepreneurial success.

However, instead of focusing on the negative repercussions of not taking care of legal matters, here are six reasons to show that registering your business is the smartest thing to do.