Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,150,732 members, 7,809,808 topics. Date: Friday, 26 April 2024 at 03:19 PM |
Nairaland Forum / Nairaland / General / Business / Benefits Of Registering Your Company With The Corporate Affairs Commission (5192 Views)
Shoprite: Insider Shares Details Of The Corporate Restructuring / Great Benefits Of Registering Your Business With Corporate Affairs / 8 Great Benefits Of Registering Your Business With Corporate Affairs (2) (3) (4)
Benefits Of Registering Your Company With The Corporate Affairs Commission by companyregagent(m): 6:10pm On Jul 03, 2018 |
BENEFITS OF REGISTERING YOUR BUSINESS WITH THE CORPORATE AFFAIRS COMMISSION Anyone can decide one day to start operating a business. All that person has to do is provide a product or service to another person in exchange for money or money’s worth to be "in business." While registering your business with the ” Corporate Affairs Commission” (CAC) isn't necessarily required to complete certain business transactions, it is a smart choice for new and existing entrepreneurs for a variety of reasons which includes: 1.Opening Business Bank Accounts You need to provide proof that your business is properly registered with the Corporate Affairs Commission (CAC) to open a business bank account in Nigeria. A business bank account is an important asset to a small business because you can separate your personal activities from your business activities. It is also more professional to give your clients / customers a business account details that carries your business name for payment instead of your own full name. 2.Safeguarding Your Business / Corporate Name One huge advantage of registration with the Corporate Affairs Commission (CAC) is safeguarding your business name from being used by another person / business. No one else can register a business with that same name or a similar name. 3. Legal Liability Protection Another benefit of registration is receiving some legal liability protection ( note that a private company limited by share has a legal personality distinct from that of its subscribers). If you register or incorporate your business, you will not be held personally responsible for certain accidents and other liabilities incurred by the registered company. Thus, you may find it easier to attract investors, since they will know you are not personally responsible for the company’s well-being. 4.Getting Loans When you apply for business loans, you're going to have to prove that you're actually a business. Banks and investors will ask to see your business registration certificate along with other application requirements before approving you for a loan. 5.Reputation With Customers Customers and clients, especially people you've never worked with before, need assurance that you are a legitimate business. A potential client may suspect your business of being a "fly-by-night" operation if your company isn't properly registered. When a business is registered with the Corporate Affairs Commission ( CAC), it could put your clients at ease when making a decision about whether to spend money with / transact business with your company. 6.Supplier Arrangements / Government Contracts A registered business also makes you eligible to receive supplier discounts that you wouldn't normally receive as an unregistered business entity. Suppliers usually reserve special rates for business owners who can show official evidence of business name or company registration (certificate of incorporation) issued by the Corporate Affairs Commission (CAC) . Also, if your plan is to be getting government contracts for your company, a business registration is one of the first requirements. 7. Perpetual Succession / Continuity A final benefit of registration is the business continuing even if you die or become ill. A registered business is an entity in its own right; thus, another can assume ownership or control or your business can be sold. Neither are possible without registration. Contact us and let us help you through the process of registering your company (ltd) / business names (enterprises / ventures). The following rates apply for our services : Registration of business names (#23,500) Incorporation of Limited liability Company "LTD" (#65,000), Incorporation of Trustees i.e. NGO's, Associations, and Churches (#150,000) for more information call or whatsapp, Olaleye on 09029075974 or Email : companyregagent@gmail.com 1 Like |
Re: Benefits Of Registering Your Company With The Corporate Affairs Commission by Lamide123: 4:22am On Jul 04, 2018 |
companyregagent:I need an information from you guys. Can anyone witness signature for business registration or it has to be court or lawyer |
Re: Benefits Of Registering Your Company With The Corporate Affairs Commission by ememibies: 10:18pm On Oct 03, 2021 |
EVG Business Services was incorporated in 2018 and has since been rendering professional services to businesses to help them achieve industry success. Our services include: 1. Business/Company/NGO registration with Corporate Affairs Commission 2. Annual filing and post incorporation services with Corporate Affairs Commission 3. Bookkeeping and Financial statement preparation 4. Weekly, monthly, quarterly and Annual Financial Reporting 5. Monthly payroll Computation, pension and PAYE remittance and filing 6. Bank Reconciliation and Verification of bank charges 7. Companies Income Tax-CIT, Value Added Tax-VAT, Withholding Tax-WHT Payment and Filing 8. Statutory Audit 9. Business start-up consultancy 10. Financial projection/forecast preparation 11. Staff Recruitment We know money is not easy to come by so our cost is as reasonable as possible. Our Business Name Registration goes for 14,500 Company Registration from 45,000 NGO Registration 100,000 Not having accurate books of accounts is something you don't want to experience. Let us take the stress of that from you while you handle other important things. Our accounting services starts from as low as 5,000/month Consult us today and let us help you SUCCEED! Calls and WhatsApp 08100612408/08128057533 Email: evgbusinessservices@gmail.com Office address: Suite D1 Kuriftu Plaza, Jabi Abuja Instagram: evgbusiness |
Re: Benefits Of Registering Your Company With The Corporate Affairs Commission by DeConsultant: 2:56pm On Oct 05, 2021 |
Price Slash! Price Slash!! Price Slash!!! Gomez Corporate Consult LTD is at it again, it’s our usual ending of the year price slash on all corporate registration and services. With over 1000 companies and corporate entities registered, our expertise and professional services range across a variety of corporate registrations and consultancy in Nigeria. Our pursuit is to offer on-spot corporate assistance and meet the needs of relevant SMEs, clients & company promoters in Nigeria & the Diaspora. We assisted clients/ promoters in the following areas: 1. Company Registration (Business Name & Partnership) 2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee) 3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc) 4. Intellectual Properties (Trademark, Patents, Specialized Designs) 5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc) 6. EFCC SCUML Application 7. NAFDAC Registration 8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc) 9. Corporate Services (Consent Code Application, Company Search etc) 10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations). Some of our services at affordable cost: Business Name Registration: N20,000 (Certificate will be out within 10 working days) Limited Liability Company (1 million share capital): N50,000 (Certificate will be out within 10 Working days) Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 45 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications). Contact us by visiting our website: www.gomezconsult.com call us on 08107804290 or 08102794272; mail us on info@gomezconsult.com. Below are some of last week's registered and concluded corporate entities. GCCL.....the help that counts.
|
Re: Benefits Of Registering Your Company With The Corporate Affairs Commission by ememibies: 11:52pm 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. |
Re: Benefits Of Registering Your Company With The Corporate Affairs Commission by DeConsultant: 5:20pm On Jan 03, 2022 |
SOME CORPORATE CAVEATS FOR YOUR BUSINESS IN 2022. 1. BUSINESS NAME Yes, you registered your business name in 2021, even if it was in the month of December, the company will be due for ANNUAL RETURNS in 2022. Do not wait until the CAC search engine tag it INACTIVE before you do the needful and default will also attract penalty. 2. LIMITED COMPANIES I incorporated my company in 2021 too. Yes, depending on the month, especially when it was incorporated before July, this means you will be filing annual returns in 2022. The law is 18 months after incorporation. Always know you have a fiduciary duty to do this and avoid penalty and INACTIVE status. 3. INCORPORATED TRUSTEES Incorporated Trustees or NGOs? Yes, Church, Mosque, Club, Foundation, Initiative, Association etc. are also not left out on filing ANNUAL RETURNS. If, it was registered in 2021, then they are also liable to file, default will attract PENALTY and INACTIVE status on the CAC search web. 4. INACTIVE STATUS What about I that registered before or prior 2021 and my company is showing INACTIVE on the CAC search web? Every company promoter must know that they owe the corporate entity a fiduciary duty to be free from liabilities and be in the good books of relevant industry regulators. As you may know, your company status is public knowledge. File your company’s ANNUAL RETURNS up to date. 5. UPGRADE MY BUSINESS NAME I have a registered business name, but I desire and want to upgrade that same business name as a LIMITED COMPANY. Yes, it is achievable and stress-free, if you have the copy of the CAC Certificate of the existing Business Name. Do this to keep trading with the goodwill you have built on the existing business name. 6. CHANGE IN REGISTERED COMPANY ADDRESS My company recently relocated its office address from where we initially used in the CAC documents. Yes, that is a welcome development, but you must act in good faith by duly notifying and filing to effect this change in the company document with the CAC. You will be penalize if you default after 14 days. 7. I WANT A GROUP I want to expand, or I have expanded my business interests, but I have only 1 registered limited company and will like to have a GROUP. Having a GROUP is possible and it is not cumbersome. You must have at least 3 registered companies, this companies will be the subsidiaries and shareholders of the intended GROUP. Then, getting the GROUP is achievable. 8. CHANGE IN THE COMPANY STRUCTURE My company made some changes in the structure of the company whether recently or before now and we would like to effect the changes in the bank. Do you know that you owe a fiduciary duty to firstly notify and file the changes within 14 days with the CAC? Default will attract fines and penalties. Always keep your company safe from liabilities. 9. VALUED ADDED TAX (VAT) My registered business name has commenced operation on or before 6 months ago and I don’t know I am meant to be filing VAT (Value Added Tax) monthly. Ignorantia Juris Non Excusat (Ignorance of the law is not an excuse). It is meant to be filed on or before 21st of every month. Do this and avoid any penalty or liability from the FIRS. 10. USING NGO TO DO BUSINESS I registered a Limited by Guarantee or an Incorporated Trustees (Club, Church, Mosque, Association, Initiative, Foundation etc.) and I have running business services or goods with it, and I have been making profit from it, though I have been using majority of the proceeds to further the objectives of the NGO. Desist from such acts, it is called ultra-vires. You are not meant to run a business with an NGO, unless you want it to be taxable and an IT isn’t a profit-making machine. Continuity will attract penalties, fines and soil the integrity of the entity. |
Re: Benefits Of Registering Your Company With The Corporate Affairs Commission by DeConsultant: 7:21pm On Jan 09, 2022 |
It’s a new year and GCCL (Gomez Corporate Consult LTD) is back, revived, and active with assisting all interested company promoters with their relevant corporate demands. We will also like to announce that we will be continuing our discount promo this new year, accept fast while offering last!!! We assisted clients/ promoters in the following areas: 1. Company Registration (Business Name & Partnership) 2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee) 3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc) 4. Intellectual Properties (Trademark, Patents, Specialized Designs) 5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc) 6. EFCC SCUML Application 7. NAFDAC Registration 8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc) 9. Corporate Services (Consent Code Application, Company Search etc) 10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations). Some of our services at affordable consideration: Business Name Registration: N20,000 (Certificate will be out within 10 working days) Limited Partnership/ LP: N35,000 (Certificate will be out within 10 Working days) Limited Liability Company/ LLC: (1 million share capital): N50,000 (Certificate will be out within 10 Working days) Limited Liability Partnership/ LLP: N60,000 (Certificate will be out within 10 Working days) Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 40 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications). Contact us by visiting our website: www.gomezconsult.com call us on 08107804290 or 08102794272; mail us at info@gomezconsult.com. Some registrations concluded this past week.....GCCL.....the help that counts.
|
Re: Benefits Of Registering Your Company With The Corporate Affairs Commission by DeConsultant: 5:01am On Mar 03, 2022 |
It’s a new year and GCCL (Gomez Corporate Consult LTD) is back, revived, and active with assisting all interested company promoters with their relevant corporate demands. We would also like to announce that we will be continuing our discount promo this new year, accept fast while offering last!!! We assisted clients/ promoters in the following areas: 1. Company Registration (Business Name & Partnership) 2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee) 3. Limited Liability Partnership (LLP)/ Limited Partnership (LP) 4. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc) 5. Intellectual Properties (Trademark, Patents, Specialized Designs) 6. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc) 7. EFCC SCUML Application 8. NAFDAC Registration 9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc) 10. Corporate Services (Consent Code Application, Company Search etc) 11. Receivership, Company Voluntary Administration (CVA), Corporate Administration. 12. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations). Some of our services at affordable consideration: Business Name Registration: N20,000 (Certificate will be out within 10 working days) Limited Partnership/ LP: N35,000 (Certificate will be out within 10 Working days) Limited Liability Company/ LLC: (1 million share capital): N50,000 (Certificate will be out within 10 Working days) Limited Liability Partnership/ LLP: N60,000 (Certificate will be out within 10 Working days) Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 40 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications). Contact us by visiting our website: www.gomezconsult.com call us on 08107804290 or 08102794272; mail us at info@gomezconsult.com. Some registrations concluded this past week.....GCCL.....the help that counts.
|
(1) (Reply)
How To Create Wealth As Real Estate Entrepreneur / Soap Makers Corner / Natural Gas Production Rise By 8% – NNPC
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 53 |