- Determine the business name you want to register. Make it as clear and straight forward as possible to help your customers easily remember it.
- Locate the Corporate Affairs Commission (CAC) office in your city (CAC has offices in many capital cities across the country) and file a business name. Search form costs not more than N500. After filling and submitting the form you will have to wait for about 2 weeks to know if the name you filed is available (it shouldn’t take as long as that but in Nigeria, sometimes, things are like that)
If the name you filled is unavailable you
may have to fill another one. If the result shows that your business name is
available you can proceed.
- Ask for the business name registration file. Pay the required charges at designated payment points (always ask an official at the CAC office).
Fill the forms (ask questions where
you are confused) and return. Make sure to collect receipt/proof of payment. When
filling the form, be very careful in choosing your nature of business
- Check back a week or two later and pick up your business name certification.
Note: You don’t need a lawyer to
register your business unless you have a couple of thousands more to pay him
for his services. More so, make sure you register for your tax identification
number (TIN) on or before 6month prior to the business commencement date on
your CAC certificate. Failure to do so will attract a fine of 10,000naira on
the seventh month and 5,000naira each on the eight month, ninth month…….. Until
when you want to register for your TIN. This in most cases can be avoided since
you have someone to reveal this hidden secret to you.
2 comments:
Nice blog.
How to Register a Business
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