Registering a business
What the business record holds, choosing the constitution that decides everything downstream, and the statuses a business moves through before it can trade.
Registering creates the entity. Verification proves it. They are separate steps and the first is quick.
Constitution decides everything downstream
The single most consequential field. It sets which documents you will be asked for, what tax identities apply, and what authority evidence is needed.
| Proprietorship | One owner, no separate legal entity |
| Partnership firm | Two or more partners under a deed |
| Limited liability partnership | Partners, with limited liability |
| One person company | A company with a single member |
| Private limited | The common incorporated form |
| Public limited | Publicly held |
| NGO, trust or society | Not-for-profit forms |
Get this right before anything else
Choosing wrongly means working through a document list that was never yours, and correcting it means starting that part again.
What the record holds
The trading name, the constitution, the nature of the business, where it operates, the industries and categories it works in, and its public-facing identity — logo, and a vanity handle if you want a readable address for your profile.
None of it is contact details for public consumption. What a counterparty can see before an engagement is deliberately limited — see Contact privacy.
The statuses
| KYC pending | Registered, not yet verified. Cannot transact |
| In validation | Documents submitted, under review |
| Active | Verified. Can publish, receive and commit |
| Inactive | Not currently trading here |
| Rejected | Verification did not pass, with a reason |
The gap between KYC pending and active is where most new businesses sit, and it closes fastest by doing the registry-checked numbers first — see Verifying a business.
Who may register one
Registering commits the entity, so it is not something any team member can do on its behalf. Where a company is concerned, the authority to act has to be evidenced — a board resolution or authorisation letter naming the person doing it.
That requirement is what separates a business account opened by its directors from one opened by whoever had the documents to hand.
Changing details later
A verified identity cannot be edited freely — a name that can be changed after verification is a name that was never verified.
Material changes go through a review, and the outcome is recorded. See Business settings.
Overview
What a business account is on Bidancer — how it differs from a personal one, what it unlocks, and the sections behind it — registration, settings, team and verification.
Settings
The general details, workflow preferences, organiser mode and update history behind a business — what each controls and which changes are reviewed rather than applied instantly.