Yes, it is important to register as an individual business (sole proprietor)/ business entity and follow all the legalities of starting a business as it offers many benefits. Business registration helps: 

• In creating a brand name in the market.

• Increases your credibility in the market as smart customers generally trust registered business entities.

• In the case of a sole proprietorship, as it helps to prove business identity.

• Once you start making sales as payment providers require for business entity authentication.

• Protect businesses and secure their rights against a third party in an event of legal complications.

• Attract investors as they generally trust their money with registered businesses.

• Reduces the risk of legal complications.

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