If you are currently in business and are trying to think of new ways to increase profits, and to add to your customer base, then there are a number of options open to you in order to do this. You might also be a new start-up, and you might be considering setting up a new business, but you’re not sure if you should trade as a sole trader, or set up a company. When people think of setting up a company, they think that it is a very detailed process, and it is a very big step in their careers. However, there are many benefits to be had from registering your company, and it will definitely help your business to grow and prosper.
If it is something that you have seriously thought about, and you think it is the right option for you, then you need to get into contact with a specialist service provider that can provide you with the correct company registration in Bangkok. There is a lot of paperwork and red tape involved, but your service provider can navigate their way through all of this easily. They have provided this service many times, and they know exactly what they’re doing. The following are just some of the numerous benefits of registering your company.
- It allows you to raise capital – Once your business becomes a company, then it’s a lot easier to get investors to invest significant amounts of money into your business. The registering of your company also allows you to approach financial institutions, and to borrow money. You can also start to incur debt, and if your company gets large enough, you might want to sell shares in it, and raise some additional equity capital. This additional capital will offer you the opportunity to get yourself an estate agent, and to buy bigger premises. If you want your business to be able to expand, then registering your company is the next logical step.
- It improves your reputation – It’s all about perception in today’s modern business world, and if you don’t provide the right first impression, then customers, suppliers, and wholesalers, maybe a little reluctant to do business with you. Many wholesalers, for example, will only deal with companies that are registered, because they want to deal with businesses that have a company name, rather than an individual person’s name. You will get a company registration number, that will allow businesses to issue you with VAT invoices, and you can also take advantage of the tax breaks that companies enjoy. If you want to learn more about setting up an registering a company, then have a look here.
By registering your company, it allows you to be able to grow your business, and to protect its’ future success. You also protect your own personal assets, because if your business does fail, and you owe people money, then only the assets of the business are retrievable. Your home, car, and other personal savings will all be protected from this. If you remain to be a sole trader, or be involved in a partnership, then you may lose everything that you own. A company registration makes so much business sense.