Since 1984 , business registration
has been in progress,
The nature of some business enterprise has made them in
away that, you need to register them / get government permission before you run
them. The following are the some of such business
a.
Gold
smith
b.
Bear
pallor
c.
Food restaurant
d.
Pharmacy
e.
Any
business with limited liability etc.
To buttress my point:
1.
Gold Smith: This is an industry that is
producing different types of iron
in different, in order wards it is an
iron producer, they do take iron and
melt them re-shape it in different form. Gold business is capital
intensive because every where, this is the
business for the wealthy
people . It is a separate resources
which everywhere it is been found government take care/ control
of it, and anybody who want to trade on it should obtain permission /license from the
government authority
Government
do this for the following reasons:
a.
to
avoid vandalisation of government property
b.
to shorn
exploitation
c.
also
to generate revenue
d.
to
prevent dumping
It can be legal
business when it is been registered
2.
Bear pallor: This is a business organization
known as sole proprietorship (one man
business) of this business, establish it for the purpose of making profit
nature of the business
the trader, trade both alcoholic and soft drink the alcoholic
is the drink that enhances the
highing of peoples brain, which as a
result make the atmospheric condition
un--conducive for the people
Reasons
for government attention
a.
To
maintain peaceful atmospheric condition
b.
To
generate revenue
c.
For
easy collection of data for G.N.P calculation
3.
Food restaurant:
this is a food industry that produces
food/ edible materials for human consumption, it can
be inform of sole proprietorship or public liability it use to be registered or licensed eg
a. Feed well restaurant,
b. Mr.
Biggs
c. Crunches etc
Government deemed
it necessary for this type of business to be registered due to the following
reasons:
a. They produce edible material which suppose to be supervised in order to promote health standard of the people
b. To
avoided exploitation and
starvation of people.
c. Because food is one of the (3)
three basic need of man which can not be under look or undermined N/B restaurant business is
business of dual purpose
·
for
commercial purpose
·
for family consumption
4.
Pharmacy:
a pharmacy is a
company that is manufacturing drug ,
people go into drug production in order to shorn disease
causing organism and promote
good health because a health nation is a
wealthy nation. But it is one of the business
that must be get registered
before its establishment
Reasons
For Government To Demand For License
a.
the
business deals with the health status of
a being
b.
to
discourage exploitation
c.
to
avoid marketing adulterated
drug
d.
for
easier collection of data’s for GNP calculation
e.
to
minimize the activities of the fraudulent
people in the country
Generally, government is doing all
these things in order to ensure the welfare of the massand as well to
regulate the movement of our economy
In all, the above mentioned
business can either be sole proprietorship or partnership, ie
sole proprietorship when it is one man business and partnership when it belong to two or more persons pull their resources together
Business liability
company: This is a
business organization which all the
liabilities/ profit and lost made by the company are limited to the
business ie it does not extend to their personal property. Therefore, as the
business is conditional, there is every necessitated value for the registration
of the business before it will be establish
Meanwhile, all the registration or
licenses of any business venture are been done with cooperate affairs
commission in the state.