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Stats: 2,658,594 members, 6,241,168 topics. Date: Wednesday, 14 April 2021 at 02:54 AM
|Registration For Christian Schools With Cac by Nnamnugochi: 1:16pm On Dec 14, 2018|
There are huge benefits in registering your school with Corporate Affairs Commission (CAC). Many school owners are unaware of this fact and because of threat, prefer to only obtain approval from State Government at the expense of being a legal entity. While it is necessary to obtain approval/permit from State or Local Authorities, it is absolutely important to register your school with CAC.
We will take a look at some of the benefits of registering your school with CAC.
One great advantage of having your school registered with CAC is to ensure your school name is not registered by someone else. You should always have it in mind that if your school name is De Lions' Academy” and someone else has already registered "De Lions' School or De Lions”, you can’t register De Lions' Academy” because the name is similar to “De Lions'". So always strive to register your school name before someone else takes it from you. You can imagine operating with a name for 2 or 3 years with a large population, only for a competitior to use the popular name to be registered and situates the school close by. With this, you will be struggling with identity and also loosing your pupils. Legally, he or she owns your business because of the name.
Certificate of Incorporation
You will be issued Certificate of Incorporation by the Federal Government of Nigeria through Corporate Affairs Commission (CAC), government agency empowered to register companies and issue certificates.
Reputation With Parents and Customers
Building reputation especially from parents, customers and clients you’ve never done business before is very difficult. Registering your school business gives your potential parents and customers confidence that they are dealing with a reputable organization.This gives your school more credibility and trust.
Account Opening in Your School Name
Another great benefit of registering your school name is to use it to open corporate account in your school name. No bank will open any account for you without Certificate of Incorporation. Having corporate account gives you more credibility and trust from your parents, customers, bank, suppliers and other business partners.
Legal Liability Protection
If you register your school or business as a Limited Liability Company, you are viewed as a different entity from your school. You also get legal liability protection. Once registered or incorporated, you will not be held personally responsible for certain accidents and other liabilities.
If you obtained loan and you defaulted in payment, your bank will not seize your property except the company(school) asset because you are protected from such incidence.
When your school is registered, accessing loan becomes very easy compared to personal loan application. With your documents, you are going to have to prove that you’re actually alegal entity doing business. This gives credibility,trust and also ensures confidence with your investors or lenders who will want to see that they are dealing with a company and will be willing to do lend you money if other terms and conditions are made.
Before starting a school, one should ask the question, “What kind of school do I want to build? Is it the type that continues when he or she is dead or the school dies with the death of the owner?” The answer is obvious - school that continues. So if you register your school, one of the benefits is that even if you’re dead or become incapacitated, your school continues especially when you have the right structures in place.
Hiring Employees from NYSC
You have the opportunity to seek for interns especially from National Youth Service Corps (NYSC) that will not cost much in terms of salaries and other benefits
Business Trip to Other Countries
Another great benefit of business registration is that one can easily obtain visa and travel to any countries for business purposes. Every country always welcomes foreign investors who are interested in doing business in their country because such good investments will add value to their economy
In the past, registration of businesses by CAC was done manually and this could take up to a month to four months to get businesses registered. Presently, it is done online and to register a business might take 5 working days.
We have consulted an expert team to assist Christian schools register their schools/business without stress and undue delays at reduced cost. This, however, does not stop others from benefitting from this charitable exercise (though with little extra cost).
For help or assistance, kindly call or chat 07038785910
You can pay N21,000 to register with us and get your school incorporated with CAC for free. Membership with Christian Schools Aid Network International (CSNI) has other glorious benefits attached.
|Re: Registration For Christian Schools With Cac by gratefulheart(m): 1:35pm On Dec 14, 2018|
Is the fees for registering with CAC incorporated or registered?
|Re: Registration For Christian Schools With Cac by Nnamnugochi: 1:44pm On Dec 14, 2018|
gratefulheart:This amount covers membership with CSNI and also registering your school to be incorporated by CAC. Once this money is paid, you will be issued Certificate of Incorporation from CAC and our CSNI Membership Certificate.
|Re: Registration For Christian Schools With Cac by gratefulheart(m): 1:53pm On Dec 14, 2018|
Are you a lawyer? Your location?
|Re: Registration For Christian Schools With Cac by Nnamnugochi: 11:02pm On Dec 14, 2018|
gratefulheart:Call or chat 07038785910
|Re: Registration For Christian Schools With Cac by gratefulheart(m): 2:15am On Dec 15, 2018|
you yet to answer my question
|Re: Registration For Christian Schools With Cac by Nnamnugochi: 10:08pm On Mar 04, 2019|
gratefulheart:Business registration is not compulsorily done by lawyers
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