Maintain accurate legal and tax information for compliance and professional business operations.
Accessing Legal Information
Navigate to Settings > Business Profile > Legal Information or Settings > Tax Settings to manage your legal and tax details.
Business Registration Information
Business Registration Number
Your official business registration or company number issued by government authorities.
This number:
- Appears on invoices (optional)
- Required for certain business transactions
- Needed for compliance and legal purposes
To add or update: Enter your registration number in the designated field and save.
Business Type
Select your business structure from the dropdown:
- Sole Proprietorship
- Partnership
- Limited Liability Company (LLC)
- Corporation
- Non-Profit Organization
- Other
Your business type affects tax treatment and legal obligations.
Date of Incorporation
When your business was officially registered. This helps with:
- Anniversary tracking
- Compliance reporting
- Business age verification
Tax Information
Tax Identification Number (TIN)
Your tax ID or VAT number for tax compliance and reporting.
Why it’s important:
- Appears on invoices for B2B transactions
- Required for tax filing
- Needed for vendor payments
- Compliance with tax authorities
Enter your complete TIN exactly as registered with tax authorities.
VAT Registration Status
Indicate if your business is VAT registered:
- VAT Registered – You collect and remit VAT
- Not VAT Registered – You don’t charge VAT
If VAT registered, enter your VAT registration number.
Tax Exemption Status
If your business is tax-exempt (e.g., non-profit, charity):
- Mark as tax-exempt
- Upload exemption certificate
- Specify exemption type
Tax-exempt status prevents automatic tax calculations on transactions.
Industry Classification
Select your primary industry or NAICS code:
- Retail Trade
- Food Services
- Professional Services
- Manufacturing
- Technology
- Healthcare
- Other sectors
Industry classification helps with:
- Regulatory compliance
- Industry-specific features
- Benchmarking and analytics
Regulatory Compliance
Business Licenses
Upload copies of relevant business licenses:
- Click “Upload License”
- Select license type
- Upload document (PDF or image)
- Add expiration date
- Save
BrandDrive can remind you before licenses expire.
Certifications
Add professional certifications or quality standards your business holds (ISO, industry certifications, health permits).
Banking Information for Tax
Bank Account for Tax Payments
Link the bank account used for tax remittances. This helps with:
- Tax payment tracking
- Reconciliation
- Audit preparation
Updating Tax Information
When tax details change:
- Go to Settings > Tax Settings
- Click “Edit”
- Update relevant information
- Click “Save Changes”
Important: Tax information updates affect future transactions and reports but don’t change historical data.
Document Storage
Store important legal documents in BrandDrive:
- Business registration certificate
- Tax registration documents
- Licenses and permits
- Compliance certificates
Upload to Settings > Business Profile > Documents.
Privacy and Security
All legal and tax information is:
- Encrypted and stored securely
- Only accessible to authorized users (Owner and Admins)
- Protected according to data privacy regulations
Never share sensitive tax or legal information with unauthorized parties.
When to Update
Update legal and tax information when:
- You obtain new registration numbers
- Business structure changes
- You register for VAT
- Tax status changes
- Licenses are renewed
- Business ownership changes
Compliance Reminders
Set up reminders for:
- Tax filing deadlines
- License renewal dates
- Compliance report submissions
- Annual returns
Configure in Settings > Reminders.
Need Help?
Contact [email protected] or visit our Help Center.
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