Why Company Registration is a Must
Nowadays, most people have some business idea that they want to convert into reality to become a successful person. People with a good business idea can approach investors for raising funds. Investors always look for a private limited company for the investment and request for a good percentage of Equity. Equity Shares allows an investor to participate in the profit of the company & also give them a right to participate in the company’s assets at the time of Company dissolution.
Doing business after Company registration [จดทะเบียนการค้าบริษัท, which is the term in Thai] reflects your Intention for systematically doing business. Following are the benefits of company registration:
To be More Professional
First impressions are essential, they say. This applies to business as well. Registering a company establishes you as an expert in your field. It sends the message that you are legitimate and are not after quick pay. It shows your customers that you mean business and will not go missing anytime soon.
To Protect and Secure Your Business Name
Registering your company name stops it from being used by other companies. The name you choose for your company registration is reserved for you only. Even though you do not plan to operate right away, registering that name that you have always wanted ensures that it is available to you when you are finally ready to launch your dream business. You can check the English to Thai translation [แปลภาษาอังกฤษเป็นไทย, which is the term in Thai].
To Get Access to Funding
One of the benefits of registering a company is the increased access that you get to funding sources. There are different government loans available for small businesses and youths. Also, banks, diverse economic development agencies, and NGOs offer low-interest loans to small to medium enterprise owners who may not qualify for commercial loans.
To separate personal and business finances
Most small business owners painfully discover that mixing business and personal finances is a disaster. The majority of small businesses that fail are a victim of this trap. Registering your business helps you separate these two so avoid running into problems tomorrow.