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Company Registration With Cac - Which One Between Ltd And Business Name? by Rhegos: 1:39pm On Jun 04, 2015
Hello,

It is important to get your business registered as the benefit far outweigh the cost.
For a business, the type of registrations you chose to register is dependent on the type of business, nature and the scope you want to go about it.

A small food seller in a shop does not need to register the business at that level, but a food delivery and event catering service must register the company for the business to thrive.

A number of people have lost out on vital opportunities simply because they did not register their company and for those who register, did not open a corporate bank account.

There are majorly two categories for Company Registration: Business Name and Limited Liabilities.

The business name is majorly for a small scale, one man business or a small enterprise.
You can use this to set up a big structure, import and export business, a school, an eatery, an online business, a cyber cafe, a publishing firm, a supermarket etc but the company's liabilities would be on the owner.

There can be two or more people as owners - called Partners- in this business also.
Sure, you will have corporate bank account and you can get loans from the bank though it will be tagged personal loan and there is a limit to how much exposure the bank can take for this.

The Limited Liability Companies means there are at least two owners of the business -called directors- and that would give more people confidence to want to do business with you. It also means the directors would be automatic promoters of the business instead of just one person and you know that where one would chase a thousand, two would chase ten thousand.

This business is recognized by law as an entity on its own, different from the owners, the liability of the company is not on the owners as there will be limit to their exposures. People, banks and international bodies are more pleased dealing with limited companies especially when you have highly resourceful people of integrity and goodwill on your board of directors.

A limited liability company can bid and get contracts from the government but not so for business name.
A limited liability company can easily get loans from banks unlike the business name/enterprise/venture.
A limited liability company also can take on a varying related nature of business as contained in the memorandum and article of association.

It is necessary to think through before deciding which one to go for as a number of factors may be applicable for your kind of business.

We can help you through this option in deciding which type of company you should register.

Feel free to contact us on 09051919262 or via e-mail askus@rhegos.com.
Follow our tweet session on #businessdoctor for more business start up tips.

You will succeed,

Sunday Obanubi
@sundayobanubi

Re: Company Registration With Cac - Which One Between Ltd And Business Name? by Rhegos: 9:21am On Jun 08, 2015
At times, we may want to ask when is the best time to register a company. While there is no good or bad time, it is important to note that a registered company has the potential to commence business earlier than one who is still thinking and wishing about same.

Someone who has registered his company can easily start up his business at any point, because he must have known the certain areas of busines he wants to venture into, not someone to thinking, calculating or wondering which area to go into.

Someone with a registered business can easily get connection and business than one who does not, because a registered business shows you are serious to do business.

If you are thinking of registering your company, do no hesitate, it means, there are potentials in you to do business, it means there are needs you have identified and you want to meet.

Sow the seed today and you will reap the fruit thereof in due season.

You will succeed,

@SundayObanubi
#BusinessDoctor
@RhegosNG

1 Like

Re: Company Registration With Cac - Which One Between Ltd And Business Name? by Nobody: 8:10pm On Jul 27, 2016
Hello,pls i need someone to supply me some raw food items,pls let me know how you gonna do it to Uk,thanks.
Rhegos:
Hello,

It is important to get your business registered as the benefit far outweigh the cost.
For a business, the type of registrations you chose to register is dependent on the type of business, nature and the scope you want to go about it.

A small food seller in a shop does not need to register the business at that level, but a food delivery and event catering service must register the company for the business to thrive.

A number of people have lost out on vital opportunities simply because they did not register their company and for those who register, did not open a corporate bank account.

There are majorly two categories for Company Registration: Business Name and Limited Liabilities.

The business name is majorly for a small scale, one man business or a small enterprise.
You can use this to set up a big structure, import and export business, a school, an eatery, an online business, a cyber cafe, a publishing firm, a supermarket etc but the company's liabilities would be on the owner.

There can be two or more people as owners - called Partners- in this business also.
Sure, you will have corporate bank account and you can get loans from the bank though it will be tagged personal loan and there is a limit to how much exposure the bank can take for this.

The Limited Liability Companies means there are at least two owners of the business -called directors- and that would give more people confidence to want to do business with you. It also means the directors would be automatic promoters of the business instead of just one person and you know that where one would chase a thousand, two would chase ten thousand.

This business is recognized by law as an entity on its own, different from the owners, the liability of the company is not on the owners as there will be limit to their exposures. People, banks and international bodies are more pleased dealing with limited companies especially when you have highly resourceful people of integrity and goodwill on your board of directors.

A limited liability company can bid and get contracts from the government but not so for business name.
A limited liability company can easily get loans from banks unlike the business name/enterprise/venture.
A limited liability company also can take on a varying related nature of business as contained in the memorandum and article of association.

It is necessary to think through before deciding which one to go for as a number of factors may be applicable for your kind of business.

We can help you through this option in deciding which type of company you should register.

Feel free to contact us on 09051919262 or via e-mail askus@rhegos.com.
Follow our tweet session on #businessdoctor for more business start up tips.

You will succeed,

Sunday Obanubi
@sundayobanubi
Re: Company Registration With Cac - Which One Between Ltd And Business Name? by saintkeppy(m): 5:03pm On Sep 11, 2016
Rhegos:
At times, we may want to ask when is the best time to register a company. While there is no good or bad time, it is important to note that a registered company has the potential to commence business earlier than one who is still thinking and wishing about same.

Someone who has registered his company can easily start up his business at any point, because he must have known the certain areas of busines he wants to venture into, not someone to thinking, calculating or wondering which area to go into.

Someone with a registered business can easily get connection and business than one who does not, because a registered business shows you are serious to do business.

If you are thinking of registering your company, do no hesitate, it means, there are potentials in you to do business, it means there are needs you have identified and you want to meet.

Sow the seed today and you will reap the fruit thereof in due season.

You will succeed,

@SundayObanubi
#BusinessDoctor
@RhegosNG
. Thanks for this post, i appreciate. I was contemplating with a biz name i would like to use &definately must be a limited liability.
Example:
1. Rhegos Global Integrated services

2. Rhegos Global services

3. Rhegos Global (Nig) Limited.

Is there any difference between the 3 biz names in terms of the type of services they offer?
I've been seeing company with this suffix "Integrated services" what does it really mean? What makes it special or is there any area of specialty jobs they deliver??
Sorry to bother you with too many questions i just want to learn from an experience &knowledgeable person like you so as to be properly informed &guilded.
Thank you in anticipation for your favourable response &GOD BLESS!

saintkeppy@gmail.com
Re: Company Registration With Cac - Which One Between Ltd And Business Name? by ememibies: 11:21pm On Jan 02, 2022
EVG Business Consulting Limited has been in existence since 2018 offering the following services:

Business name registration: 16,000
Company Registration: 45,000
NGO: 95,000
Scuml: 40,000
TIN: 5,000
Accounting Services like Bookkeeping, payroll Computation, etc.
we also offer post incorporation services like change of name or director

Instagram: evgbusiness
Phone number: 08128057533
Email: Info@evgbusiness.com
Website: evgbusiness.com
Office address: Suite D1 Kuriftu Plaza by Ecobank Jabi Abuja.

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