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Business Name Registration With Cac-how To Do Yours In 24 Hours by Gabphina(m): 11:12pm On Mar 23, 2019
When you are thinking about starting a business in Nigeria, you will have to consider whether to incorporate a company or to operate as a registered business name. This article is for individuals who are considering registering a business name.

Especially with the special window where the CAC allows MSMEs to register their business Name for N5000 instead of the normal fee of N10,000.

And with that deadline expiring soon (31st of March, 2019), you may like to know how to register your business name, and how to do that FAST.

THIS IS PARTICULARLY THE FOCUS OF THIS ARTICLE.

The processes and procedures to follow in registering a business name at the Corporate Affairs Commission (CAC) are pretty much simple and can be completed from the comfort of your home if you have what it takes (Money and an internet connected device; PC) and[b] know how to go about it[/b].

This is because; business registration can now be carried out online through a dedicated website by the CAC called Company Registration Portal (CRP). The steps to follow are:

Step#1

Search and reserve a name

The first thing to do is to check the availability of the name you want to register and to reserve the name. You can do this through the portal, which individuals can use to search for and reserve a business name.

Unfortunately, it is no longer possible to collect physical forms at CAC offices for either name search and reservation or business registration.

It’s important to note that when you are reserving a name, you are required to choose a name that is considerably unique (you should have at least 2 name options). You should avoid the use of generic names, as they will most probably be taken already.

CAC also restricts anyone from including certain words or phrases into their business names –

Words and phrases like “Chamber of Commerce”, “Federal”, “National”, “Regional”, “State”, “Government”, “Municipal” or “Chartered”, “Co‐operative” or the phrase “Building Society”; or “Group” or “Holding”, are prohibited for use when registering a business name.

Also, names that in the opinion of the CAC are capable of misleading as to the nature or extent of its activities or is undesirable, offensive or otherwise contrary to public policy; will be denied.

Names that in the opinion of the Commission would violate any existing trademark or business name registered in Nigeria unless the consent of the owner of the trademark or business name has been obtained will also not be accepted for registration.

Step #2

Complete Application for Business Registration form (CAC/BN/1) online

If your name is not approved on your first attempt, you will have to reapply with a different name. You will repeat this until you receive approval.

Once you have successfully reserved a name the next step is to complete the application for registration online.

You may either register the business as a sole practitioner (only you fills the form) or as a partnership (more than one person fills the form).

Step #3

Payment of the applicable fees

After completing the form, you will need to make payment for the registration, which in turn will enable you to download and endorse (with a passport photograph for each of the partners) the CAC/BN/1 Form.

The entire process for registering a business name normally takes 1-2 weeks, but if you understand the process properly, you can register a business name in 24 hours.

Duration usually depends on the workload of the CAC officials and other factors.

You do not necessarily need a lawyer to register a business name, however, if you want to register a company, you need the services of a lawyer or an accredited agent.

Step #4

Collect your certificate

Lastly, you will need to visit the nearest CAC office to you to collect your certificate.

If you want to do this fast;
Here’s The Simple Strategy You Can Apply Right-Away To Register Your Business In 24 Hours


NB: This plan is dependent on some elements of luck, especially getting your business name approval at your first attempt.

Pre-Registration

Generate two suitable names for your business and get them ready before you start the registration process.

To be surer on the availability of your proposed name, you can even conduct a public search on the CAC portal.

Public search is a new development in the CAC registration process and enables you to peep into the CAC database. There you see if the name you are planning to use or something similar already exists.

Public search is free and you do not need to have created an account with CAC to be able to do it.

Start of Registration/create an account (12:00 noon to 4:00 pm)

By 12:00 noon on a weekday, create an account with the CAC portal, confirm your email and go ahead and apply for Name search and reservation on the two names you have carefully chosen.
CAC will likely respond within 4 hours, because all name reservations made before 2:00 pm on weekdays will get a response within 4 hours.

Business Registration Proper (4:00 pm to 6:00 pm)

Check your email or dashboard by 4:00pm latest and you will receive an approval note containing your approval code.

Extract the approval code and complete online application form for registration CORRECTLY and make PAYMENT ONLINE, say by 4:30pm.

Print out the CAC form in from the portal IN COLORS, append your passport and sign in the appropriate places and append your signature.

Scan and Upload same on the CAC portal before 6:00pm (before the end of the day at worst), and wait for response.

Business Registration Complete (6:00pm to 12:00 noon the following day)


Barring any issues like queries or network problems, between 6:00pm to 12:00 noon the following day (which is the 24th hour), CAC would have evaluated and confirmed your business registered.

BUT IF YOU WOULD LIKE TO REGISTER YOUR BUSINESS NAME YOURSELF, I’LL STRONGLY SUGGEST THAT YOU FIND SOMEONE TO GUIDE OR SHOW YOU HOW TO DO IT.

You see, the social media channels of the CAC especially Twitter and Facebook is inundated with people pouring their frustrations, wailing and insulting the hell out of the CAC.

Why, because they had tried to register their business names on their own without properly learning all that it entails.

If you would like to learn how to register your business name with the CAC yourself without any agent or lawyer and without regrets,

There’s a step by step video guide that can help you.
http://starupesolutions.com/BNR-video-guide/

If you enjoyed reading this article, visit www.starupesolutions.com/blog for more enlightening articles.

1 Share

Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by Homeyfav: 4:28pm On Oct 06, 2019
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by Lawgod247: 12:47pm On Feb 29, 2020
For CAC Company or Business Name registration, Foundation, Schools, Church, NGO, Trademark, TIN, SCUML, NAFDAC number etc, talk to us at www. Lawlab. Com. ng. Worried about the cost? We will do it for free. Well, almost for free. grin

Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by chapatti: 1:31pm On Mar 09, 2020
A Guide for Business Name Registration in Nigeria Name Registration in Nigeria – There are things we don’t boycott as far business is concerned. For example, how do people take you and your business serious when it is not a registered one? People will be naturally skeptical doing business with you. In any environment or click here for the full details.
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by ememibies: 1:41am On May 04, 2020
Contact Evg Business for your:

1. Business Name Registration From 15,000
2. Company Registration From 45,000
3. NGO Registration From 95,000
4. Seal From 2,000
Office Address: Suite D2 Kuriftu plaza by ecobank Jabi, Abuja.
Get your Certificate in 5 days.
Registration and Delivery is Nationwide

Instagram: Evg Business
Phone Number/Whatsapp: 08100612408
Email: ememibies@gmail.com
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by ememibies: 9:13pm On Jun 13, 2020
Contact us for your Business, Company, NGO/Foundation, and Trademark Registration

Business Name: 16,500
Limited Liability Company: 45,000
NGO/Foundation: 95,000
Trademark: 58,000
Company Seal 3,000

Nationwide Delivery
Get your Certificate in 5 Working Days

Call or chat us up on Whatsapp
08100612408/08128057533
Ememibies@gmail.com

Or visit us at
No 2 Kuriftu plaza, Jabi, Abuja
Or
Ministers quarters, Mabushi, Abuja
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by ememibies: 9:30pm On Jun 13, 2020
CAC-Corporate Affairs Commission

Contact us for your Business, Company, NGO/Foundation, and Trademark Registration

Business Name: 16,500
Limited Liability Company: 45,000
NGO/Foundation: 95,000
Trademark: 58,000
Company Seal 3,000

Nationwide Delivery
Get your Certificate in 5 Working Days

Call or chat us up on Whatsapp
08100612408/08128057533
Ememibies@gmail.com
Instagram: EVGBUSINESS

Or visit us at
No 2 Kuriftu plaza, Jabi, Abuja
Or
Ministers quarters, Mabushi, Abuja
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by neutralmind: 11:45pm On Jun 13, 2020
ememibies:
CAC-Corporate Affairs Commission

Contact us for your Business, Company, NGO/Foundation, and Trademark Registration

Business Name: 16,500
Limited Liability Company: 45,000
NGO/Foundation: 95,000
Trademark: 58,000
Company Seal 3,000

Nationwide Delivery
Get your Certificate in 5 Working Days

Call or chat us up on Whatsapp
08100612408/08128057533
Ememibies@gmail.com
Instagram: EVGBUSINESS

Or visit us at
No 2 Kuriftu plaza, Jabi, Abuja
Or
Ministers quarters, Mabushi, Abuja

What's the duration for trademark registration?
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by Jumoke95: 8:22pm On Jun 26, 2020
Please can someone help with the next step my business name has been approved on their website. How do I collect the CAC certificate, do I just work into their office or wait for a mail for the certificate?
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by UcNk: 4:03pm On Jun 30, 2020
Hello all,

I registered for a business name on the CAC website few weeks ago. I went through the entire process of name submission, payment, download and filling of forms, uploading the forms and payment details.

The registration went through because when I log in the CAC site, it says REGISTERED.


But they are yet to send email to this effect or even tell me where and when I can pick up my certificate.

Please help.

Thank you.
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by UcNk: 4:05pm On Jun 30, 2020
Jumoke95:
Please can someone help with the next step my business name has been approved on their website. How do I collect the CAC certificate, do I just work into their office or wait for a mail for the certificate?

Approval of business name is just the second step. Have you registered it?
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by Jumoke95: 1:24pm On Jul 01, 2020
UcNk:


Approval of business name is just the second step. Have you registered it?


Yes the name has been registered on CAC site. Please what's the next step
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by deluxiumng: 5:46am On Jul 02, 2020
Go with your documents to their office in your State and pick up the original certificate.
UcNk:
Hello all,

I registered for a business name on the CAC website few weeks ago. I went through the entire process of name submission, payment, download and filling of forms, uploading the forms and payment details.

The registration went through because when I log in the CAC site, it says REGISTERED.


But they are yet to send email to this effect or even tell me where and when I can pick up my certificate.

Please help.

Thank you.
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by barryj1: 9:49am On Jul 02, 2020
[quote author=Jumoke95 post=91265641]

Please do you have anyone who has collected his or her own business certificate from CAC lately please let me know. WhatsApp number 07086398091
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by REDDEVILS1(m): 1:19pm On Jul 02, 2020
[quote author=barryj1 post=91293880][/quote] are you having problems with yours
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by UcNk: 1:16am On Jul 30, 2020
Jumoke95:


Yes the name has been registered on CAC site. Please what's the next step

Sorry for the delayed response.

Go ahead and register the approved name. Then print the documents, fill and sign them, then upload. There is a step by step detailed explanation on how to do this on nairaland. Please google "business name registration nairaland" and go thru the results.


PS: Go to the first page of this particular thread.
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by UcNk: 1:17am On Jul 30, 2020
deluxiumng:
Go with your documents to their office in your State and pick up the original certificate.

Ok. Thanks.
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by joe10: 3:20pm On Sep 30, 2020
...
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by Dinah247: 10:34am On Jul 09, 2021
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by DeConsultant: 8:12am On Jul 12, 2021
Below are some of the incorporation and corporate registration concluded this past week by Gomez Corporate Consult LTD!

Price Slash! Price Slash!! Price Slash!!!
Gomez Corporate Consult LTD is at it again, it’s our usual beginning 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. Get all you need to make your business running effectively and efficiently with a corporate account.

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.

Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by ememibies: 9:52pm 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's us take the stress of that from you will 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: Business Name Registration With Cac-how To Do Yours In 24 Hours by DeConsultant: 2:33pm 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: Business Name Registration With Cac-how To Do Yours In 24 Hours by ememibies: 11:11pm 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: 45,000
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: Business Name Registration With Cac-how To Do Yours In 24 Hours by DeConsultant: 5:30pm 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 a 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: Business Name Registration With Cac-how To Do Yours In 24 Hours by DeConsultant: 6:22pm 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: Business Name Registration With Cac-how To Do Yours In 24 Hours by DeConsultant: 5:31am 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.

Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by Gabphina(m): 2:46pm On Apr 12, 2022
Recently a client asked me this question,

'I run a small fashion business, but i want to grow it into a huge fashion brand. Now I need to register my business and I'm confused between Business Name and Limited Liability Company. Which one is more suitable for my business?

A lot of small business owners (including those that have already registered their business with the CAC) do not know the difference between a business name and a limited liability company, and how to choose the best structure for their business.

By the way, if you are reading this post, my guess is that you are considering incorporating a company or registering a business with the CAC.
And if that's correct, then you deserve a Congratulations! Because not only are you taking a very bold step in starting your business right, which is to register it with appropriate authority, CAC in Nigeria (just like this my fashionista client was trying to do), you are also going to be getting a very valuable piece of information that will help you make a very sound decision on the right structure for your business.

There are many different structures to be considered when you are trying to register a business in Nigeria. But the structure you choose depends on the nature and scale of your business.

However the most common are Business Name and Limited Liability Company. This is because they are most suitable for small businesses and their processes are simple and can easily be completed.

There are others; like Limited liability partnership, Limited Partnership, Public Limited Company, Private Unlimited Company, Public Unlimited Company, etc. But I want this article to be focused on responding to this question my client raised.

The most important thing I will tell you about a business name is that it does not assume a separate legal entity. It is one and the same with the owner(s).

With a business name, the business cannot sue or be sued, and you cannot purchase properties in the name of the business!
It does have its advantages.
If you are interested in running a one-man business, where everything revolves around you and you alone, then a business name might be the best bet. It is also more affordable to set up, with less regulatory requirements.

With a company (Private Limited Liability Company; LLC), the first attractive bit is that the company is a separate legal entity from the owner(s)! .
To break it down, if you own a company limited by shares (that's another name for LLC), the company is regarded by law as a distinct legal person from you; the owner.

You can be personally broke while the company is rich and on the other hand, you can be very rich while the company is broke.
There is no abnormality there, unless off course you clearly enriched yourself at the expense of the company.

The death of the founder does not necessarily have any effect on the company as the company has a life of its own. This is why companies like Coca cola, General electric and Ford Motors are still in existence long after their owners are gone. But off course you have to put a very sound successive plan in place for your own company if you want it to outlive you in the real sense.

It is worthy of note that in Nigeria, a private limited liability company can have up to 50 shareholders!
With recent amendments to the Company and Allied Matters Act (CAMA), a single person can incorporate a limited liability company unlike before when a minimum of two shareholder is required.

Now with that said, you may have fallen in love with one of these structures over the other, but choosing the best structure for your business is beyond love. There are a number of factors to consider when trying to choose the best structure for your business.

I have compiled 11 of this factors and discussed them in details in this video linked below.


https://www.youtube.com/watch?v=3z8-wz98zIw

I hope this helps you.

If you want to register your business with the CAC
Kindly get in touch with me on this number
CALL/WHATSAPP 08027877515
Re: Business Name Registration With Cac-how To Do Yours In 24 Hours by DeConsultant: 5:07am On Apr 19, 2022
It’s a new year and GCCL (Gomez Corporate Consult LTD) is back, revived, and active in 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. Limited Liability Partnership (LLP)/ Limited Partnership (LP)
4. Group of Companies, Holdings & Consortium
5. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc)
6. Intellectual Properties (Trademark, Patents, Specialized Designs)
7. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc)
8. EFCC SCUML Application
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).

Do contact GCCL now on 08107804290/08102794272 via call/WhatsApp, mail info@gomezconsult.com or visit www.gomezconsult.com now.
Some registrations concluded this past week.....GCCL.....the help that counts.

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