Why Is It Essential For Register Your Business? Essay

1540 Words Sep 12th, 2016 7 Pages
WHY IS IT ESSENTIAL TO REGISTER YOUR BUSINESS

An organizational entity that provides goods and services to the consumers is termed as business, also known as an enterprise or a firm. Business may be

PROFITABLE NON-PROFITABLE

It is observed more commonly in capitalist economies, where most of them are privately owned and provide goods and services to consumers in turn for other goods , services or money.
Non- profit enterprises can be social or state owned with specific social objectives.
A particular organization or the entire market sector can be referred as business. The goal of every business is :-

SALES > EXPENDITURE => PROFIT

One fine day , anyone can decide to be an entrepreneur by start operating as a business. All that person has to do is provide a product or service to another person that incurs a profit…

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