How To Register Your Business Name With The Corporate Affairs Commission In 21 Days Or Less, Without A Lawyer And With Less Than N10,000.
Today we would start a discussion about how to register a business name with CAC. As we all know the important of having our businesses been registered.
Now how do we start and what is the The Corporate Affairs Commission ?
The Corporate Affairs Commission is the body responsible for registering of businesses. It was established by the companies and allied matters act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria .
If a person wants to register a business name, you can do it in two ways.
1. you either engage the services of a lawyer and he will get it done for you with about N10,000.
2. The second method to get our business name registered is to do it ourself. Yes, you can walk into any branch of the corporate affairs commission and you will get your business registered.
Before we go any further, let me make it clear that this process is to get your business name registered and not a limited liability company or an NGO. Just a business name. Some people will call it enterprises and ventures but you don't have to call yours that.
The First Thing You Should Do is to go to their office nearest to you.
these are some of their offices across naija.
LAGOS
IKEJA: Elephant Cement House, Assbifi Road, Alausa Ikeja
MARINA: 9TH Floor, UBA House, No. 57 Marina-Lagos Island.
RIVERS
112 Aba Road, P/Harcourt, River State
OYO
Premium House, Jericho Road, Eleyele-Ibadan, Oyo State.
EDO
55, Akpakava Street, Benin City, Edo State.
ENUGU
1 Temple Avenue, Off Opara Way, Enugu.
IMO
7/9 Wetheral Road, Owerri, Imo State.
DELTA
Along Anwai/Illah Okpanam Road, Opp. Ministry Of Works, P.M.B 95095, Asaba-Delta State.
BENUE
37 Barracks Road, Makurdi, Benue State.
KANO
52, Unity Road, Kano.
KADUNA
22, Bida Road, National Bank Building, Kaduna.
PLATEAU
21, Murtala Mohammed Way, Jos, Plateau State.
SOKOTO
No. 3, Sultan Ibrahim Dasuki Road, Sokoto.
BORNO
No. 25, Sir Kashim Ibrahim Way, Chari House, Maiduguri, Borno State.
ADAMAWA
Galadima, Aminu Way, Jimeta-Yola, Adamawa State.
BAUCHI
Ground Floor, Nicon House, No. 26, Ahmed Abdulkadir Road, Bauchi State.
AKWA IBOM
131, Udo Umana Road, Uyo- Akwa Ibom State.
CROSS RIVER
No. 10, Calabar Road, Okoi Arikpo House, 3RD Floor, M/M Way By Central Bank.
ONDO
87, Alagbaka Quarters, Akure.
KWARA
Adama Sa'adu's House, Ahmedu Bello Way, Ilorin, Kwara State.
just Walk in to the nearest branch to you and ask for name reservation form. It costs just Two Hundred Naira only. You will be given a receipt and a form. On the form, you will be asked to fill in a few details. Details like...
Your Name
Your Address
Your Desired Business Names
A Space To Fill The Type Of Business You Want to Resgister (Choose Enterprises/Business Name)
You will be required to choose two business names. The reason is that if one is not available, they can reserve the other for you. If none of them is available, you will need to do it all over again. You will have to pay the N200 again and you will have to wait for the result.
Oh, I did not tell you...
When you ask for a name reservation, it takes about 2 weeks before the results are returned. It is sometimes as fast as one week or 10 days but it sometimes takes 2 weeks. Now imagine if your chosen business name is not available, you have to go through that 2 week process again. If the new one is not available as well, you have to go over the process... again... and... again. That is why it takes people a long time to sort out.
So How Will You Prevent That From Happening To You?
Good question and I'm glad you asked. It means you are following me. When people are following what I write, it gets me in the mood. So the question remains... So How Will You Prevent That From Happening To You?
You see my friend, what you need to do is to choose a name no one else would have chosen. Now, you have to smart and ingenious about it. If you choose just any name, I can assure you someone has registered it.
Don't even think about registering names like these...
Emeka Okoro Enterprises
Omo Aye Ventures
Omo ole International
Good News Enterprises
Mike Lawson Ventures
And all these kinds of common stuffs. If you choose them, there is a high chance they have been taken.
Just choose you own unique names you can think of!
So do you believe me when I said you should be ingenious. Today, I think hard before I submit the form.
So now, we have sorted that. You will have to wait till the result comes out. There is nothing you can do about that. You just have to wait. All I'll advise you to do is to get ready so when the results come out, you will be prepared to register immediately.
Prepare 2 passport photographs, a stapler (believe it, some CAC branches do not have), the details of a partner (you cannot register alone, add someone... anyone), the partner's photographs, your address (you can use your home address), telephone number (use GSM), local government area and a few other tiny bits.
Here is why I'm telling you to be prepared. You see, we want to get your business name registered in record time so we want to move faster than normal. When name reservation results come out, what people normally do is to start studying the new documents they are provided with to fill.
If you prepare early, you will get your resgitration done once the results are out.
Here Is Something Important You Have To Prepare For...
You see, the CAC requires that yo state what your business is all about. You have to state at least one thing. The maximum is three. They want to know what your business is about before they can register the name.
This Where A Lot Of People Waste Time
It was later that I discovered that there are some kinds of laid down business objects that are allowed for a business name. It is up to you to find an object that best describes what your business is about.
Here are the objects allowed by the CAC
Advertising/Public Relations
Agricultural Produce
Agricultural Tools, Machines And Allied Products
Alternative Medical Practice
Aluminium Manufacturing
Architects/Town Planners
Auto Dealers
Auto Mechannics And Rewiring Services
Auto Spare Parts Dealers
Bakery And Fast Foods
Beauty Industry (Salon, Pedic, Manic, Barbing ETC)
Bookshops/Stationery Stores
Car Washing Services
Carpentry/Woodworks
Chattered Secretaries
Commission Agents
Computer Training, Sales And Services
Cosmetic Manufacturers/Dealers
Day Care Centre
Dealers And Distributors
Electrical/Electronics Equipments Dealers
Entertainment Industry/Events Managers
Estate Agency/Maintainance
Fashion Designers
Fish Farming/Fisheries
Food Products And Processing
General Construction (Build/Civil Engr. Contractors)
General Contracts
General merchandise/Trading
General Tax Consultants
Guidiance And Counselling
Gymnastics And Stress Management
Horticulture/Gardening/Landscaping/Equipment Services
Hospitals/Clinics
Hotel/Hospitality Industry
Human Resource Manager
Import/Export Of Goods And Services
Industrial Chemical Supply And Service
Interior/Exterior Decorations
Internet Service Providers (Cyber Cafe)
Jewellers
Land And Quantity Surveyors
Laundry/Dry Cleaning Services
Legal Practice And Consultancy
Livestock Management
Management Consultants
Materninty Home
Mechanics/Welding
Medical And Pharm. Products (Manuf, Sales And Services)
Medical Services/Laboratory
Others
Patent Medicine Store/Chemist
Petroleum Products Sales/Distribution
Pharmaceutical Manufacture/Services
Photography/Photo Equipment
Plastic Manufacturing
Poultry Farming
Printing/Publishing
Restaurant/Catering Services
Road Transportation
Schools (Nursery, Primary And Secondary Schools)
Supermarkets/Departmental Stores
Textile Manufacturers/Distributors
Travel Agents
Veterinary Clinic/Services
Water Works/Borehole Drillers
Most businesses will fall under one of these, if not, just use General Mechandise.
Now You Are Prepared...
Once your name reservation is out, speak to any officer there and you will be given a file and some documents to fill. In some CAC branches, they would have given you this form and file right from the first day you applied for name reservation.
You can fill the form right away with your name, phone number, address including LGA, partners details, passport photographs (you will staple it and make sure you write your name behind the passports and sign them).
After you're done filling the documents, you can then submit for what is called “Verification”. You just need to submit. It's no longer in your hands.
Depending on the CAC branch you go to, the verification process time will vary. It is usually done within an hour so it is something you can wait for. You can ask them there so they can tell you how long it would day. Maximum is a day.
What they look for at the verificaton process are things like your objects, how you filled the form and so on. If you filled everything properly, your verification process would be a smooth, one time thing.
Once you pass the verification process, you will be required to pay your registration fees. As at the time of typing this, it costs N4,000 for your registration. You can ask for the current price but I can bet it is well under N10,000
Right at their office, you will pay the fee and obtain a receipt, you will submit your files and documents (because they will return it after the verification). You will be asked to come back in about one week for your certificate.
Can You Beat That? Easy Stuffs!
Just go back home or wherever and come back when you were asked to. On the day, you go there and you will be asked to sign. They will give you your certificate as well as some other documents you can keep. You will be needing such documents like when you want to open a company bank account.
That is it. Now go out there to register your business names. You can regsiter as many as possible and you can even make money registering it for others for a fee of about N10,000 to N15,000 each.
Today we would start a discussion about how to register a business name with CAC. As we all know the important of having our businesses been registered.
Now how do we start and what is the The Corporate Affairs Commission ?
The Corporate Affairs Commission is the body responsible for registering of businesses. It was established by the companies and allied matters act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria .
If a person wants to register a business name, you can do it in two ways.
1. you either engage the services of a lawyer and he will get it done for you with about N10,000.
2. The second method to get our business name registered is to do it ourself. Yes, you can walk into any branch of the corporate affairs commission and you will get your business registered.
Before we go any further, let me make it clear that this process is to get your business name registered and not a limited liability company or an NGO. Just a business name. Some people will call it enterprises and ventures but you don't have to call yours that.
The First Thing You Should Do is to go to their office nearest to you.
these are some of their offices across naija.
LAGOS
IKEJA: Elephant Cement House, Assbifi Road, Alausa Ikeja
MARINA: 9TH Floor, UBA House, No. 57 Marina-Lagos Island.
RIVERS
112 Aba Road, P/Harcourt, River State
OYO
Premium House, Jericho Road, Eleyele-Ibadan, Oyo State.
EDO
55, Akpakava Street, Benin City, Edo State.
ENUGU
1 Temple Avenue, Off Opara Way, Enugu.
IMO
7/9 Wetheral Road, Owerri, Imo State.
DELTA
Along Anwai/Illah Okpanam Road, Opp. Ministry Of Works, P.M.B 95095, Asaba-Delta State.
BENUE
37 Barracks Road, Makurdi, Benue State.
KANO
52, Unity Road, Kano.
KADUNA
22, Bida Road, National Bank Building, Kaduna.
PLATEAU
21, Murtala Mohammed Way, Jos, Plateau State.
SOKOTO
No. 3, Sultan Ibrahim Dasuki Road, Sokoto.
BORNO
No. 25, Sir Kashim Ibrahim Way, Chari House, Maiduguri, Borno State.
ADAMAWA
Galadima, Aminu Way, Jimeta-Yola, Adamawa State.
BAUCHI
Ground Floor, Nicon House, No. 26, Ahmed Abdulkadir Road, Bauchi State.
AKWA IBOM
131, Udo Umana Road, Uyo- Akwa Ibom State.
CROSS RIVER
No. 10, Calabar Road, Okoi Arikpo House, 3RD Floor, M/M Way By Central Bank.
ONDO
87, Alagbaka Quarters, Akure.
KWARA
Adama Sa'adu's House, Ahmedu Bello Way, Ilorin, Kwara State.
just Walk in to the nearest branch to you and ask for name reservation form. It costs just Two Hundred Naira only. You will be given a receipt and a form. On the form, you will be asked to fill in a few details. Details like...
Your Name
Your Address
Your Desired Business Names
A Space To Fill The Type Of Business You Want to Resgister (Choose Enterprises/Business Name)
You will be required to choose two business names. The reason is that if one is not available, they can reserve the other for you. If none of them is available, you will need to do it all over again. You will have to pay the N200 again and you will have to wait for the result.
Oh, I did not tell you...
When you ask for a name reservation, it takes about 2 weeks before the results are returned. It is sometimes as fast as one week or 10 days but it sometimes takes 2 weeks. Now imagine if your chosen business name is not available, you have to go through that 2 week process again. If the new one is not available as well, you have to go over the process... again... and... again. That is why it takes people a long time to sort out.
So How Will You Prevent That From Happening To You?
Good question and I'm glad you asked. It means you are following me. When people are following what I write, it gets me in the mood. So the question remains... So How Will You Prevent That From Happening To You?
You see my friend, what you need to do is to choose a name no one else would have chosen. Now, you have to smart and ingenious about it. If you choose just any name, I can assure you someone has registered it.
Don't even think about registering names like these...
Emeka Okoro Enterprises
Omo Aye Ventures
Omo ole International
Good News Enterprises
Mike Lawson Ventures
And all these kinds of common stuffs. If you choose them, there is a high chance they have been taken.
Just choose you own unique names you can think of!
So do you believe me when I said you should be ingenious. Today, I think hard before I submit the form.
So now, we have sorted that. You will have to wait till the result comes out. There is nothing you can do about that. You just have to wait. All I'll advise you to do is to get ready so when the results come out, you will be prepared to register immediately.
Prepare 2 passport photographs, a stapler (believe it, some CAC branches do not have), the details of a partner (you cannot register alone, add someone... anyone), the partner's photographs, your address (you can use your home address), telephone number (use GSM), local government area and a few other tiny bits.
Here is why I'm telling you to be prepared. You see, we want to get your business name registered in record time so we want to move faster than normal. When name reservation results come out, what people normally do is to start studying the new documents they are provided with to fill.
If you prepare early, you will get your resgitration done once the results are out.
Here Is Something Important You Have To Prepare For...
You see, the CAC requires that yo state what your business is all about. You have to state at least one thing. The maximum is three. They want to know what your business is about before they can register the name.
This Where A Lot Of People Waste Time
It was later that I discovered that there are some kinds of laid down business objects that are allowed for a business name. It is up to you to find an object that best describes what your business is about.
Here are the objects allowed by the CAC
Advertising/Public Relations
Agricultural Produce
Agricultural Tools, Machines And Allied Products
Alternative Medical Practice
Aluminium Manufacturing
Architects/Town Planners
Auto Dealers
Auto Mechannics And Rewiring Services
Auto Spare Parts Dealers
Bakery And Fast Foods
Beauty Industry (Salon, Pedic, Manic, Barbing ETC)
Bookshops/Stationery Stores
Car Washing Services
Carpentry/Woodworks
Chattered Secretaries
Commission Agents
Computer Training, Sales And Services
Cosmetic Manufacturers/Dealers
Day Care Centre
Dealers And Distributors
Electrical/Electronics Equipments Dealers
Entertainment Industry/Events Managers
Estate Agency/Maintainance
Fashion Designers
Fish Farming/Fisheries
Food Products And Processing
General Construction (Build/Civil Engr. Contractors)
General Contracts
General merchandise/Trading
General Tax Consultants
Guidiance And Counselling
Gymnastics And Stress Management
Horticulture/Gardening/Landscaping/Equipment Services
Hospitals/Clinics
Hotel/Hospitality Industry
Human Resource Manager
Import/Export Of Goods And Services
Industrial Chemical Supply And Service
Interior/Exterior Decorations
Internet Service Providers (Cyber Cafe)
Jewellers
Land And Quantity Surveyors
Laundry/Dry Cleaning Services
Legal Practice And Consultancy
Livestock Management
Management Consultants
Materninty Home
Mechanics/Welding
Medical And Pharm. Products (Manuf, Sales And Services)
Medical Services/Laboratory
Others
Patent Medicine Store/Chemist
Petroleum Products Sales/Distribution
Pharmaceutical Manufacture/Services
Photography/Photo Equipment
Plastic Manufacturing
Poultry Farming
Printing/Publishing
Restaurant/Catering Services
Road Transportation
Schools (Nursery, Primary And Secondary Schools)
Supermarkets/Departmental Stores
Textile Manufacturers/Distributors
Travel Agents
Veterinary Clinic/Services
Water Works/Borehole Drillers
Most businesses will fall under one of these, if not, just use General Mechandise.
Now You Are Prepared...
Once your name reservation is out, speak to any officer there and you will be given a file and some documents to fill. In some CAC branches, they would have given you this form and file right from the first day you applied for name reservation.
You can fill the form right away with your name, phone number, address including LGA, partners details, passport photographs (you will staple it and make sure you write your name behind the passports and sign them).
After you're done filling the documents, you can then submit for what is called “Verification”. You just need to submit. It's no longer in your hands.
Depending on the CAC branch you go to, the verification process time will vary. It is usually done within an hour so it is something you can wait for. You can ask them there so they can tell you how long it would day. Maximum is a day.
What they look for at the verificaton process are things like your objects, how you filled the form and so on. If you filled everything properly, your verification process would be a smooth, one time thing.
Once you pass the verification process, you will be required to pay your registration fees. As at the time of typing this, it costs N4,000 for your registration. You can ask for the current price but I can bet it is well under N10,000
Right at their office, you will pay the fee and obtain a receipt, you will submit your files and documents (because they will return it after the verification). You will be asked to come back in about one week for your certificate.
Can You Beat That? Easy Stuffs!
Just go back home or wherever and come back when you were asked to. On the day, you go there and you will be asked to sign. They will give you your certificate as well as some other documents you can keep. You will be needing such documents like when you want to open a company bank account.
That is it. Now go out there to register your business names. You can regsiter as many as possible and you can even make money registering it for others for a fee of about N10,000 to N15,000 each.
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