Why it is important to register your business?

Why it is important to register your business
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Registration of any business is necessary for compliance with the legislation. All those who systematically provide services, produce and sell goods or perform other activities for profit are required to be registered in accordance with the established procedure and pay taxes. Illegal business activities and related violations are prosecuted and severely punished in case of detection. It is easier to register a business and pay taxes than to constantly experience the fear of persecution by the state.