When Oluchi started her sewing business, she named it "Luchy’s Fashion"

She was just natural at managing the business, from talking to customers to understand their pains, to negotiating good deals with her suppliers.
For years, she was aggressive at building the business and re-investing her profits into it.

After several years, as her business began to grow and her clientele increased. She was advised to get her business name registered with the Corporate Affairs Commission (CAC), so as to enable her open a bank account, as most of her customers were no longer comfortable paying to her personal bank account.

Some years back, Oluchi had decided to get extra funds to expand the business. Her loan offer was turned down by the bank, due to the unstructured nature of her business, even though the business was cash flow positive

Oluchi decided to get her business registered with CAC.

She then started the business registration process, only for her to discover that the business name she had been using for years was not available.

The name was rejected by the Corporate Affairs Commission (CAC) because another business owner already got a similar name registered even as company.

She was in ‘Sifia pains’ and had to come up with another name. It was a difficult moment for her, she had to also rebrand her social media handles and other aspects of the business that were already in the previous name.

Why do you need to register your business?
This experience is not new to many small and medium business enterprises in Nigeria. Unfortunately, many started out small and neglected to put the right structures for their business. One of the structure every business needs is registering their business with the Corporate Affairs Commission (CAC).

Have you been wondering why you need to register your business? I’ll be sharing with you some reasons why you should get your business name registered with CAC

1. Obeying the Country’s Law.
In 2020, the President of Nigeria, Muhammad Buhari vetoed the signing of the Company and Allied Matters Act (CAMA 2020) into law. A section of this law criminalizes operating an unregistered business in the country.

Section 863 of CAMA 2020 specifically provides as follows:
(i) A person or association of persons shall not carry on business in Nigeria as a company, limited liability partnership, limited partnership or under a business name without being registered under this Act.

(ii) Also, such an individual is liable to being convicted under the law for a fine of ₦200.00 per day till they have duly gotten their CAC business name registration.

Without much talk, you should know this willl cost you a lot

This means that in running an unregistered small medium business, you take the risk of defaulting the law. The consequences might be more than you bargained for.

2. Provides You with a Unique Identity
By registering your business, you have successfully given your business a unique identity which no other person or corporation can make use of within the borders of Nigeria.

In Nigeria and most countries, it is illegal for two businesses to have the same name, and once you are the first to beat the gun, no one else can take that away from you.

Suppose you find a person or corporation using your business name to trade. In that case, you have every right and power to sue such persons to court for damages. In almost all cases, such individuals are usually unregistered and, in essence, defaulting of the law.

Getting your CAC registration done for either business name, limited liability company, or non governmental organizations (NGO) through NIFEMI OJO ENTERPRISE is the first step in establishing your business presence.
You can then go ahead to trademark your business with other identities such as business logos, slogans or business symbols and We Offer that Too.

This effectively serves to differentiate your business from thousands of other businesses out there. Remember it all starts with your CAC business registration.


3. Protects You from Liability
Did you know that if your business is registered as a private liability company, you do not have to pay with your personal properties if you can’t meet up with loans?

For example, you get a loan from the bank to upgrade your business or engage in extra business dealings, and it goes south. However, under a limited liability company, you only have to pay back a fixed sum. Most often, the amount you took without interests accrued.

When registering your business, you can either register as a sole proprietorship, partnership, public limited liability, or private limited liability company. As a private limited liability also known as PLC, you have the advantage of not having to pay for loans with your personal property if you are not able to meet up as at when due.


4. Access to Financial Opportunities
There are numerous opportunities for businesses to get funding in terms of grants or loans. To access these kind of opportunities you need a registered business. Banks do not give out loans to fund unregistered businesses except you are taking a loan on your personal account. There are two types of loans you can get from a bank: Personal loan and Business loan.

Also, investors will be able to trust your business when they know you are registered with the government. It gives them a sign that you are a professional.

With your CAC registration, you get access to apply for financial assistance/grants when you need it and get prospective investors to trust your business enough to invest their money.

5. Gives a Professional Image
In a society like ours, thousands of small and medium businesses are jostling to sell their products to the same set of people. Registering your business helps you carve a niche for yourself.

Your CAC registration gives you an air of professionalism. As a result, it is easier for your audience to trust you enough to deal with your business. It also helps you perpetuate continuity. Your business might be small today, but every entrepreneur’s dream is for his business to outlast him.

And you definitely would not want to hand over an unregistered business to your heirs.


So, at NEFIMI OJO ENTERPRISE, you get your Business Registered on
♦️ Solo-Enterprenuer
♦️Public Limited Liability PLC
♦️Limited Liability Company LLC
♦️Non governmental Organisations (NGO)

*PRICES FOR EACH CATEGORY OF REGISTRATION* (UPDATED)


1. Businesses Name Registration
*Total: N30,000* (see below what you're getting for this fee)�
*(i) CAC certificate*
*(ii) Legal Documents*
*(iii) TIN*
*(iv) Corporate Bank Account in your Business Name*


2. Limited Liability Registration only
*Total: N70,000* (see below what you're getting for this fee)�
*(i) CAC certificate*
*(ii) Legal Documents*
*(iii) TIN*
*(iv) Corporate Bank Account in your Company's Name*


3. NGO Registrations e.g Churches, Mosques, Clubs, Motherless Baby's Homes etc *(with Newspaper Publication)*
*Total: N160,000*

4. Upgrade from Business Name to Limited Liability Company
*Total: N75,000*

Kindly choose the category your business belongs, and we will commence *immediately!*

Send us a Message on WhatsApp
08132893506..

Thanks