Dear CEO, there are five things your company/business will continue to lack until you finally register it.

1. Access to a corporate account. Presently one of the compulsory requirements to open a corporate account in any bank in Nigeria are your CAC documents. Don't forget that a corporate account can help you manage your business finances.

2. The power of a limited liability. No company can have the power of a limited liability without being registered first.

3. Ownership of your business name. Please note that your business name is never truly yours until you’ve legally registered it.

4. The trust of foreign investors and clients. The truth is that foreign investors and clients will hardly ever trust a business that is not traceable. Registering your business will make it more traceable, thereby attracting the trust of foreign investors and clients.

5. Easy access to grants and loans. Having a registered business can greatly increase your chances of getting grants or loans. Because C.A.C documents are often one of the requirements when applying for grants and loans.

Now take a very good look at these five things. If you know that one day you will need at least one of these things, then take a step to register your business today.

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