[accountingbyte]

business registration number is a number that is given to a company when a company is formally registered by the authority. This is necessary to confirm the legality of the business and to be taxed, comply, and administer. Banks, suppliers or even the regulatory agencies, you are presenting your business registration number as a form of evidence that shows that your business is legal and is being registered by the law. It is also useful in assisting the authorities to keep track of business activities and record-keeping. A business cannot legally operate and even access necessary services without a registration number such as the opening of business bank account.

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