Why is Legality Important, Both for Companies and Consumers?

[Suba]

Business legality can not only protect business people from potential losses but can also provide security and build trust with consumers or business partners. The legality of a business or company is not only important for consumers and business partners but also very important for the company itself.

1. Business/Company:
Increase trust, brand reputation, opportunities for business partnerships and greater investors.
2. Consumers
Consumers feel safe transacting with legal businesses, and often the products offered are also of higher quality.

 

[eLdavis]

Once a customer sees that the business is legal, there is this level of trust they usually have for the business.

 

[Augusta]

it is for Businesses and investors alike to conduct background checks to verify the authenticity of companies

 

[Laurentta]

Legality is important for both customers and consumers as it provides a framework for fair business practices, protects rights and promotes trust.

 

[Starmix]

Customers always do research through word of mouth about the legality of the business. If they found out some illegal issues they will disappear. Once trust is lost it is hard to retrieve. It will create losses in business.

 

[King Belieal]

A business must be legal in order not to be prosecuted which would affect the reputation of the business. And also, to give customers confidence to patronize.

 

[Trush Jodie]

Big contracts that involves money worth millions can't be awarded to a business that is not clearly legal.

 

[Springtime]

Legality is important for business because no consumers will patronize illegal businesses.