Before I outline the procedure for manually registering your Business, I'd like you to note that the MyBiz app (https://www.mybiztt.com/register-business/) saves you from all these errands. It also costs less than the total cost of a complete Business Registration and takes a lot less of your time.
So here's the old-fashioned way of registering a Sole Trader Business without using the MyBiz App.
A Complete Business Registration
Complete Business registration isn't just obtaining your Business certificate; you still won't be able to start selling after receiving that alone. You must also get a Business stamp and Cashflow forecast so that you can open a Commercial Bank Account.
In case you were wondering, all of those things are mandatory because it's illegal to deposit money earned from your Business into a personal Bank account. That practice would get your assets seized.
Now that your Business is registered, visit your preferred Printer to purchase your Business stamp.
Make sure you acquire a self-inking stamp because the rubber stamps are very messy and often ruin documents.
The cost of a self-inking stamp is around $200.
Speak with a Financial professional, tell him/her that you've just registered your Business, and you need to prepare your Cashflow projections for the Bank. A good Cashflow forecast should cost about $500.
Make sure that the professional asks detailed questions about your expenses and income. If not, then it means that he/she isn't producing accurate Cashflow projections tailored to your Business. Inaccurate cashflows would eventually raise issues with the Bank and get your account suspended.
After obtaining your Business Stamp and Cashflow Forecast, it's time to open your Commercial Account with your preferred Bank.
Carry your Business documents, stamp, and Cashflow forecast to the Bank and speak with a representative for more details on opening a Commercial account.
When opening a Commercial Bank Account, I would strongly advise that you open it at a Mall branch since they have much longer operating hours.