The need to have a Registered Company instead of a Business Name is very important because the business name (BN) is just like a name reservation with a number and has a limit you can go with it.

You can’t go global and you can’t get some amount of loan from the bank or funding organisation to grow your business.

even, you will not be able to get serious investors because they do not know how long your business can last.

Upgrading from a Business Name to a Registered Company on the Corporate Affairs Commission (CAC) in your country can offer several advantages, including:

1. Legal Protection: By registering your business as a company, you are creating a separate legal entity, which means that the company is separate from its owners. This separation provides you with legal protection in case of any liabilities or lawsuits.
2. Credibility: A registered company gives your business more credibility than a business name. It shows that your business is legitimate and professional, which can be beneficial when seeking partnerships, investors, and customers.
3. Brand Protection: Registering your business name as a company also helps to protect your brand by giving you exclusive rights to use the name in your industry.
4. Access to Funding: Some investors and financial institutions may require businesses to be registered as companies before they can provide funding or investments.
5. Expansion Opportunities: Registering your business as a company also makes it easier to expand your operations, including opening new branches, hiring employees, and conducting business across different states or countries.

In summary, upgrading from a Business Name to a Registered Company on CAC provides legal protection, credibility, brand protection, access to funding, and expansion opportunities, which can ultimately help you grow and succeed in your business.

Not to worry, if you have faced any of these issues and you are considering on do an upgrade from Business Name to Compay Registration, Dosuggest Limited can help you do the entire process as a cac agent we are.

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