E-book: HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
E Book HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
TABLE OF CONTENTS
WHAT IS CAC? ———————————————————————————3
THE ADVANTAGE OF REGISTERING YOUR BUSINESS WITH CAC——————4
THE COST OF REGISTRATION OF A BUSINESS NAME ——————————–6
HOW TO REGISTER YOUR BUSINESS ON YOUR OWN——————————–7
Step 1: PUBLIC SEARCH———————————————————————–7
Step 2: AVAILABILITY SEARCH/RESERVATION—————————————–12
Step 3: REGISTRATION PROCESS———————————————————–22
Step 4: UPLOADING YOUR DOCUMENTS————————————————28
Step 5: GETTING YOUR CERTIFICATE——————————————————34
PROCEDURE TO FOLLOW IF WE ARE TO HELP YOU———————————–35
WHAT IS CORPORATE AFFAIRS COMMISSION (CAC)?
The Corporate Affairs Commission (CAC) was established by the Companies and Allied Matters Act.
They are the body in Nigeria that regulates the formation and management of companies in Nigeria.
You may have other regulatory bodies targeted at some particular professions or industry but CAC is still important for everybody. For example, the fact that you are registered with The National Agency for Food and Drug Administration and Control (NAFDAC) cannot exempt you from CAC registration.
TYPES OF CAC REGISTRATION
There are different types of CAC registration but we will limit our discussion in this book series to only one- “Business name”
On the real sense, no registration type is superior to another. It only depends on the system of operation of the business you have in mind.
The business name is very functional and well recognized both locally and internationally. You will receive a certificate with a unique batch number upon completion of your registration.
Other types available are Limited Liability, Incorporated Trustee etc.
E-Book: HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
E-Book: HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
THE ADVANTAGE OF REGISTERING YOUR BUSINESS WITH CAC
- PROFESSIONALISM: Registration of business portray to the world that the business is effective and well structured. Some clients will not make a transaction with you if you are not registered.
Also, you will be recognized by Government agencies anytime you need anything from them
- RAISING FUNDING
Most times, businesses will need to raise capital. You may need to turn to financial institutions, government non -government agencies for funding. One of the important criteria is to register your business with CAC.
- Hiring Standard Employees: you can hire workers easily as a registered business. You can even employ IT students and Youth corpers
- Certificate of Incorporation: You will receive a certificate of business operation from Government. You can present this even for international business transactions and contracts.
- Corporate Account: once your company is registered, you can open a corporate account for the business in any Nigerian Bank. This will make your clients to pay directly into the account of your business. It will separate your personal account from the business account and increase accountability
- Reputation: your business will have more reputation, credibility and trust from both existing and potential customers. This will boost your customer base and improve profit margin.
- Legal protection: with a registered business, you can hire the service of lawyers and receive any legal protection needed for your business
E-Book: HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
THE COST OF REGISTRATION OF A BUSINESS NAME
The amount of money you will spend during CAC registration will depend on some factors as highlighted below: 1. How many times your name is rejected during Name reservation
- How many times your application is queried during the proper registration
- The errors you make during the entire processes
- Your knowledge and experience of the process
BASIC COSTS:
Name reservation: 500 naira
Registration proper: 10, 000 naira. However, with the current promo, it has been slashed by 50%. So, it is now 5,000 Naira
OTHER COSTS:
- If you are paying online, you will be charged an additional 100 naira convenience fee for all transaction.
- Cost Multiple Name reservation due to Rejection
- Cost of correcting errors when your application is queried.
- Cost of printing, scanning internet access and so on
- Other bank charges
- Transportation costs. Etc
In fact, in actual practice, you can spend up to 5,000 naira trying to do the name reservation alone and up to 15,000 trying to do the registration. However this e-book is an enough guide to save you from unnecessary costs.
If you have any question during the process, you can call me
HOW TO REGISTER YOUR BUSINESS ON YOUR OWN
With the new online system of business registration, you can easily register your business on your own. I will take you through the process in a simple step by step system. If you can follow this procedure, you can complete your registration in a day get you certificate a week later. You can use your smart phone or personal computer to carry out this process.
Steps 1: PUBLIC SEARCH
This page is a new innovation of the Corporate Affairs Commission and it is highly important. This is where you will know whether your proposed business name has been registered by another person or not. So how do you do this?
The first step is to go to the website of the Corporate Affairs Commission: http://new.cac.gov.ng/home/ Place your cursor on Services. Four options will come up as shown below:
Registration of Company
Registration of Business Names
Registration of Incorporated Trustees
Summary of Fees and Forms
E-Book: HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
Now choose option 1 (Registration of company) and another options will pop up. There are about ten options but just click on the first one:
Many options will pop up again but pick the first one that states: Check for availability of proposed company name
E-Book: HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
E Book HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION ON YOUR OWN
To get the remaining part of this e-book,
it will cost you just N2000.
The price will increase in two days time
Make payment to
Procedure to Make Payment
You can use USSD code, Online transfer, Cash payment
Bank: GT BANK
Account Name: Adetiloye Adedayo Patrick
Account Number: 0037218392
Account Type: Savings
After payment, Text your name, Amount Paid, bank paid to, Email address, phone no, CAC E-BOOK, sex, location, to 08060779290.
e.g. Femi Alao, N2000, GTB, femialao@gmail.com, 08075592900, CAC E-BOOK, Male, Ibadan send it to me on 08060779290.
Upon confirmation, you get it immediately.
Any enquires, Call me or WhatsApp me on 08060779290.
P.S.: This offer ends tomorrow.
Thanks.
As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).
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Business Goals and Objective
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