In result, your personal info, such as physical address, emails, telephone number, etc is hide from the public. Domain privacy is important because your domain record (ie. the WhoIs data) may also be used in ways that aren’t legitimate or desirable. Since anyone can look up a WhoIs record, spammers, hackers, identity thieves and stalkers may access your personal information!
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If you own a business, your company needs a website. If it doesn't have one, it should. Naturally, online businesses by definition require websites for marketing and selling products or services by definition. In the internet age, however, even local brick-and-mortar business need to at the very least be discoverable via the web (and they probably ought to be selling online, too). Word of mouth only gets you so far in this internet-centric age. These days, people discover new businesses—even local business—via Bing, Google, and Yahoo, search engines that make it incredibly simple to find companies' products, operational hours, and prices. If your business doesn't appear in the search results, especially on the first page, it'll be difficult for potential clients and customers to find you. In other words, no website, no money. You do not want that. Of course, web hosting isn't just for businesses. You may want to host a personal website for many reasons. Either way, the services here have you covered.