Formal registration of companies has many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. And their employees can benefit from protections provided by the law. An additional benefit comes with limited liability companies. These limit the financial liability of company owners to their investments, so personal assets of the owners are not put at risk. Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government. Summary of procedures for starting a business in Bangladesh are given
Formal registration of companies has many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. And their employees can benefit from protections provided by the law. An additional benefit comes with limited liability companies. These limit the financial liability of company owners to their investments, so personal assets of the owners are not put at risk. Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government. Summary of procedures for starting a business in Bangladesh are given