Although establishing a business entity is not mandatory for every business, the existence of this business entity is very protective of our business going forward. Actually establishing a business entity is also part of the steps to build our business for the better. But at this time there are still many business people who are still reluctant to establish a business entity, especially for small companies. In fact, they need not hesitate because there are many company incorporation singapore that they can use when planning to establish a company.
# 1 As Legal Protection
When you already have a business entity that means you already have a business license. Well, if a business already has a business license, it means that at any time your company gets a check from the center or the authorities, you don’t need to worry anymore.
So that your company is considered valid and will not get threats of demolition or demolition from related parties. The impact will also make HR working in your company feel safe and comfortable working in companies that are already legal.
# 2 As a Means to Increase Customer Trust
Did you know if our business already has a business entity that will be able to increase customer confidence? Because customers will consider a business that has a business entity is a serious business. So it is very good for you to start proposing the establishment of a business entity for your business.
# 3 As a Promotion Tool
In the process of filing a business entity, there must be a series of activities that will explore your business. Indirectly this helps introduce your business to others.
# 4 Simplifies Transactions
If your company provides a supply of goods for other parties or the like and you enter the tender, then having this business entity will facilitate the transaction of a project. You need to know, especially a project that has to do with the government, will be very selective in choosing companies that are truly legal.
Now if your company is not yet a business entity, do not expect to get convenience when there are projects from various large-scale circles.
# 5 It’s Easy to Grow a Business
Every business would want growth and development. One factor is to increase capital. If you already have a business entity, it will be easy when looking for additional business capital. It will also be easier when the company will have investors. The legality of the company becomes one of the factors for investors to invest their capital.