“Small business owners need to register their company name to claim and protect their identity. If the name isn’t registered, anyone can claim it. The same goes for your website address.” says head of local web-hosting company 1-grid.com, Thomas Vollrath.
There are several legal and tax benefits attached to registering your business. When you start earning money through your small business, the government considers you a sole proprietor. This means you operate the business under your own name and file business taxes on your personal tax return - you and the business are the same legal entity in the eyes of the law, which may not be in your best interest.
Vollrath offers the following reasons for why you should register your small business: