FIRST THINGS FIRST..

When you want to start a business, you create a mental plan in your head first.

It’s sometimes like this,

Gather funds, get a shop, buy goods, employ staff if necessary, and get customers.

Whether your business plan looks like this or not, if it does not start with getting your business registered, then it is wrong.

You see the first step in starting a business is not renting a shop or getting your own place, it is not buying goods or searching for customers.

It is without a doubt getting your business registered.

According to the law of the companies Allied Matters Act (CAMA) any business that is not duly registered does not exist legally, so that which you run is not a business in the sight of the law, but an overly glorified hobby.

And if your business has a disagreement with a registered entity, the law cannot be in your favor, because your business does not exist.

One heart breaking fact is that, even if you have been operating for 10years, the day you register your business is the day it starts existing.

And also when your business is not registered your business name is not secured and is open to anyone who decides to register it first.

This week do well to get your business registered, if not for anything, then simply for the sake of doing business legally and securing your business name.

Hire me now, and I’ll deliver your certificate within 7-14 days.

Call | Text | WhatsApp 09035595423

It’s a beautiful Friday Morning to start doing business legally.

BUSINESS NAME REGISTRATION:

Listen and read carefully,

This is also known as an “Enterprise", "Sole-proprietorship", or " Ventures". It is registered under part B of the Companies and Allied Matters Act (CAMA).
A business name could be registered as a Sole Proprietorship or as Partnership.

ADVANTAGES OF BUSINESS NAME:

Below are the advantages of Business name over a
Limited Liability Company in Nigeria:

i. Business name requires little capital

ii. Business name is easy to register. And the requirements are less than that of Company Registration.

iii. Business name requires less formalities

iv. A sole person can register a Business name

V. Profit of the business is solely owned by the
owner

Vi. Tax liability in Business name is minimal

Vii. Decision making is easier with Business name. ie
No need for board resolution or annual meetings.

Viii. Level of ownership, shareholding, investment and
interest are not publicly recorded

ix. Easy conversion process. i.e a business name can
be converted to a limited liability company, in the long run of the business.

You can Call/Text/WhatsApp @ 09035595423