Business Registration Numbers (BRN) provide a unique identity to your business. It is a 16-digit number that gives a unique identity to business operations.
When we receive BRN, the relevant registration authorities will receive all the business activities details that enable easy registration of the firm or institution.
Different types of business entities-
Importance Of Business Registration Number
Business registration improves customer reputation. It helps in raising the loan. It increases the probability of getting more investors for funding.
Individuals running their business on small and medium business level helps to achieve a standard procedure in establishing the units on a formal level upon which recognition of the enterprises becomes easy; and where they also can avail the benefits of schemes by the government.
It also provides statistical numbers regarding various sectors including trade, hotels, and restaurants, transport, storage, communication, real estate, legal & business services which help in predicting the growth of the economy.
BRN Documentation Required-
The most important document required is ID proof for BRN Documentation. ID Proof can be Aadhaar Card, Bhamashah Card, PAN, Voter ID, Driving License, Ration Card & Passport.
Business registrations help in recording all company groups, and local units that are active in the national economy. If you are looking to register a company, get the service from BTHAWK.