When to Register Your Business
If you are just starting and making a few hundred dollars a month, don’t overcomplicate things. But once you start dealing with B2B clients or earning consistent high income, it is time to register a Business Name with the CAC.
The Benefits
Registering gives you legal backing and makes opening corporate bank accounts easier.
Plus, some high-tier clients prefer to pay into a registered business account rather than a personal one. Consult a local accountant to understand your Personal Income Tax obligations and keep the taxman happy.