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Why is registration important in business?

Answer and explanation

Correct answer: To give the business legal identity and official recognition

Where applicable, registration helps a business obtain legal identity and official recognition. It enables the business to follow legal procedures, maintain documents, and meet regulatory requirements. Registration neither grants exemption from all taxes nor guarantees profit. Exam tip: associate registration with legal validity and compliance.

Related tags

Business EnvironmentLegal EnvironmentBusiness RegistrationLegal IdentityRegulatory ComplianceClass 12Business StudiesClass 12 Mcq

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