What's the difference between business name and company name?

Contrary to what some may think, a business name and a company name are not synonymous with one another. The key difference between a company name and a business name is that a registered business name is the name in which a venture operates under. A company name, however, is a legal entity on its own.

Do you have a registered business with the CAC? Please listen and take action.


Failure to file these annual returns puts your business in red light as you could be denied a contract, business visa application, and even possibility of having your business bank account frozen.

Recently, CAC turned its radar on businesses that have been owing annual returns and have their registration status showing INACTIVE.

If CAC is to implement its planned policies against businesses owing annual returns, you may be at risk of losing your company, business name, or NGO as they will delist it from their database, ensuring no individual or corporate organization does any business with you.


Reach out to us by Call/WhatsApp on 07033097160 and let's handle the annual return filings for your registered Business.

We are CAC’s accredited agent, assisting individuals and entities for Enterprise and Company’s registration in Nigeria. We can be contacted through the below contact details/ 07033097160

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Register with Smedan! Why you should register your business with Smedan?

Register your business with SMEDAN. Enjoy government support.

SMEDAN gives you access to government and private sector benefits to help you grow your small or medium scale business faster.

Minutes of Proceeding of Company

With the exception of a company having a single member, every company shall cause minutes of all proceedings—
(a) of general meetings,
(b) at meetings of its directors, and
(c) at meetings of its managers, to be entered in books kept for that purpose.

Do you want to establish an NGOs, Club, Church, Mosque, Association etc. Let's get you started with the necessary documents and registration.

Let's register your business today

Avoid heavy Penalties from CAC on your registered entity(hospital) by filing your outstanding Annual returns now.

If your registration status is inactive, you are in a risk of been delisted from CAC company database.

We are CAC Accredited Agent. Let's file your annual returns now/07033097160.

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A client asked the other day how he will convert his Partnership registered business name to Sole proprietorship. For those who don't know the requirements,

First, you will have to ensure you have filed your annual returns to date.


*Change of Business Name Proprietor involves the following steps:*


📌We will require the following to proceed :

A. Copies of your Incorporation documents
B. Name, ID card( NIN) address, passport photograph, phone number and e-signature of incoming proprietor
C. Payment of the Annual Returns Fee, Filing Fees and Professional Fees.


Timeline is 14 working days.

Question
I want to start a Pharmaceutical Company. What will be the business registration structure?

Answer

For a Pharmaceutical business, it is advisable to register as a private limited company. A private limited company is the most preferred choice for this business start-up due to the ease of registration in terms of costs and requirements.

There is no specific share capital threshold hence, the company can be registered with one million share capital.

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.

Let's register your business today

Appointment of Secretary

Except in the case of a small company, every company shall have a secretary.

(2) Where at the commencement of this Act a public company has not appointed a secretary, the company shall not later than six months after the commencement of this Act appoint a secretary.

(3) Anything required or authorised to be done by or of the secretary may, if the office is vacant or there is for any other reason. No secretary capable of acting, be done by or of any assistant or deputy secretary or, if there is no assistant or deputy secretary capable of acting, by or of any officer of the company authorised generally or specially by the directors.

(4) If a public company contravenes the provisions of this section, the company and the directors of the company are liable to a fine in such amount as the Commission shall specify and, in the case of continued contravention, to a daily penalty in such amount as the Commission shall specify.

Can a Foreigner do Business in Nigeria?

Absolutely, foreigners wishing to do business in Nigeria must register a company. They are required to register their business with the CAC and also obtain all necessary permit licenses and authorizations to do business.


Private Limited Liability Company (LTD): This is the most common form of business set up by investors and it requires a minimum share capital of NGN10,000,000.

A private limited liability company is a legal entity in its own right, separate from those who own it. The company requires a minimum of one(1) and a maximum of fifty (50) shareholders and directors. Certain regulated industries require a minimum of two(2) directors.

Are you into Medical equipment supply, Clothing, Accessories, Interior designs, Exterior designs, Painting, Installations, DSTV, Gotv, Airtime, Data subscriptions, Cryptocurrency, Commercial bank, Marketing agency, Water supply company, General contracts and General Merchandize registered or incorporated by CAC (Corporate Affairs Commission) in Nigeria.

☑️We are here to offer you the best of services.

Let's get your business registered today with the Corporate Affairs Commission.

📞Helpline: 07033097160

What are the requirements to commence a foreign company registration?

A: The following documents will be required:

Name of the company
Nature of business
Registered office address of the company
Particulars of the directors and shareholders.
Particulars of the secretary
Share Allocation Formula
Signatures of the directors, shareholders and secretary

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No company, limited liability partnership, limited partnership, business name or incorporated trustee shall be registered under this Act by a name or trademark which —

is identical with that by which a company or limited liability partnership in existence is already registered, or so nearly resembles that name as to be calculated to deceive, except where the company or limited liability partnership in existence is in the course of being dissolved and signifies its consent in such manner as the Commission requires.

contains the words "Chamber of Commerce" unless it is a company limited by guarantee;
in the opinion of the Commission, is capable of misleading as to the nature or extent of its activities or is undesirable, offensive or otherwise contrary to public policy;

In the opinion of the Commission, would violate or conflict with any existing trademark or business name registered in Nigeria or body corporate formed under this Act unless the consent of the owner of the trademark, business name or trustees of the body corporate has been obtained;

contains any word which, in the opinion of the Commission is likely to mislead the public as to the nationality, race or religion of the persons by whom the business is wholly or mainly owned or controlled.

Lastly, in the opinion of the Commission, deceptive or objectionable in that it contains a reference or suggests association with any practice, institution, personage, foreign state or government, international organisation or international brand or is otherwise unsuitable; or is capable of undermining public peace and national security.

Let's Register your business today.

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.

If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160

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We are CAC Accredited registration agent in Nigeria.Don't operate without a structure.

We register Solar and renewable energy business & exporters with business name & limited company certificate from CAC.

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PROCEDURE FOR THE REGISTRATION OF BUSINESS NAME IN NIGERIA

The first important thing to do before proceeding with a registration of the business name is to gather the necessary requirements or documents to used for the registration. The requirements for registration of business name are minimal and simply involve names and identification of the partners or proprietors of the business, where more than one person is to register the business name.

The requirements may also include a partnership deed where necessary.
The procedure for how to register a business name in Nigeria or how to register a business enterprise in Nigeria with the Corporate Affairs Commission (CAC) includes few steps, which must be adhered to strictly in getting the desired results.

Let's register your business today©)

What are the requirements to commence a foreign company registration?

A: The following documents will be required:

Name of the company
Nature of business
Registered office address of the company
Particulars of the directors and shareholders.
Particulars of the secretary
Share Allocation Formula
Signatures of the directors, shareholders and secretary

Avoid heavy Penalties from CAC on your registered entity(hospital) by filing your outstanding Annual returns now.

If your registration status is inactive, you are in a risk of been delisted from CAC company database.

We are CAC Accredited Agent. Let's file your annual returns now/07033097160.