₦airaland Forum

Did you know that?
All business interested in exporting have to register as an exporter in Nigeria

With 20k, I can help you register your business. our aim is to help startup business grown. We will also give you advise

Give a lawyer to handle it for you. I am at your service

can we talk privately, I can help you register your NGO with 120k only

I can register it for you anywhere you are. You dont have to be in the country before I register it for you. be rest assured of my Professional services

We are still registering companies with CAC

Nice one from my saki brethren

THE IMPERATIVENESS OF BUSINESS REGISTRATION IN NIGERIA

The following are the reasons you should register your business with the Corporate Affairs Commission (CAC), the only body empowered by law to register businesses and other corporate entities in Nigeria.

1.It is appropriate to register a business in order for your business to acquire a legal capacity. Once your business is registered, it is akin to a child being born. It acquires all rights and liabilities provided for by law for such business. It becomes a juristic person, it can transact in its business name and get clothe with corporate flavour.

2. Once your business is registered it acquires the ability to sue and be sued in its own name. It becomes a body corporate and if it was a limited liability company, it acquires its own seal, so much so that if the iron seal is not inscribed in the documents showing transactions such transactions becomes inchoate. Once you do business with a limited liability company insist they inscribe their common seal on the document indicating the transaction else the document becomes voidable and the transaction becomes nondescript.

3. Branding: A registered business acquires a brand and reputation and gives people the impression that they are dealing with a credible business. Once your business is registered your business automatically is put on the CAC website and random search can be conducted on it to ascertain its authenticity or otherwise. People prefer to deal with registered businesses for certainty of records and a trail of transaction.

4. Ease of Banking and doing Business: A business can only have a bank account in its name when it is registered. If a customer or client asked you to send your account details, the customer or Client will feel more comfortable dealing with you, when the person realises you have a corporate account. People prefer to deal with corporate entities than individuals, as it boosts their confidence to enter into higher transactions with you.

5. Dealing with government and corporate entities: You can not do business with government or corporate entities except you have a registered business. The first document they will require of you, is your certificate of registration. You should also be on good standing with your tax clearance, compliance with the Pension Act (if Applicable), compliance with the Industrial Training Fund (ITF) and the National Social Insurance Trust Fund (NSITF), if applicable and other compulsory business regulatory compliances as provided for by law.

6. Dealing With foreign agencies and foreign donors: You can not also deal with foreign agencies and donors as a vendor/ service provider or partner as a non -govenmental organization (NGO), if you were not registered with the Corporate Affairs Commission (CAC). These international organizations only deal with entities and not Individuals, except you are a resource person.

7. Limited liability of businesses: A business is separate from its owners. When a company does business in its name, the liability arising from the transaction is limited to the share capital and assets of the Company and not its owners. That is why you should be careful how you transfer money from your business account to your personal account and how you pay business money into your personal account when you have a business account.You will be creating avoidable personal liability. Some companies are said to be limited liability companies because the liability of the company is limited to the authorized share capital as registered in the CAC and the assets of the company.

THE IMPERATIVENESS OF BUSINESS REGISTRATION IN NIGERIA

The following are the reasons you should register your business with the Corporate Affairs Commission (CAC), the only body empowered by law to register businesses and other corporate entities in Nigeria.

1.It is appropriate to register a business in order for your business to acquire a legal capacity. Once your business is registered, it is akin to a child being born. It acquires all rights and liabilities provided for by law for such business. It becomes a juristic person, it can transact in its business name and get clothe with corporate flavour.

2. Once your business is registered it acquires the ability to sue and be sued in its own name. It becomes a body corporate and if it was a limited liability company, it acquires its own seal, so much so that if the iron seal is not inscribed in the documents showing transactions such transactions becomes inchoate. Once you do business with a limited liability company insist they inscribe their common seal on the document indicating the transaction else the document becomes voidable and the transaction becomes nondescript.

3. Branding: A registered business acquires a brand and reputation and gives people the impression that they are dealing with a credible business. Once your business is registered your business automatically is put on the CAC website and random search can be conducted on it to ascertain its authenticity or otherwise. People prefer to deal with registered businesses for certainty of records and a trail of transaction.

4. Ease of Banking and doing Business: A business can only have a bank account in its name when it is registered. If a customer or client asked you to send your account details, the customer or Client will feel more comfortable dealing with you, when the person realises you have a corporate account. People prefer to deal with corporate entities than individuals, as it boosts their confidence to enter into higher transactions with you.

5. Dealing with government and corporate entities: You can not do business with government or corporate entities except you have a registered business. The first document they will require of you, is your certificate of registration. You should also be on good standing with your tax clearance, compliance with the Pension Act (if Applicable), compliance with the Industrial Training Fund (ITF) and the National Social Insurance Trust Fund (NSITF), if applicable and other compulsory business regulatory compliances as provided for by law.

6. Dealing With foreign agencies and foreign donors: You can not also deal with foreign agencies and donors as a vendor/ service provider or partner as a non -govenmental organization (NGO), if you were not registered with the Corporate Affairs Commission (CAC). These international organizations only deal with entities and not Individuals, except you are a resource person.

7. Limited liability of businesses: A business is separate from its owners. When a company does business in its name, the liability arising from the transaction is limited to the share capital and assets of the Company and not its owners. That is why you should be careful how you transfer money from your business account to your personal account and how you pay business money into your personal account when you have a business account.You will be creating avoidable personal liability. Some companies are said to be limited liability companies because the liability of the company is limited to the authorized share capital as registered in the CAC and the assets of the company.

My car gear takes time before it changes to another gear

Did you know?

Register your business with CAC and get your certificate within a week. we deliver to you anywhere in the country.

Registration of company, business name and NGO is still ongoing.

billante:
How can you be contacted for trademark registration?

you can contact me via mail @ lekan6ix@yahoo.com

TheLionofLasigi:
How do I reach you

you can reach me via mail

This is still on. Contact us for your CAC registration and trademark

I will suggest you contact a lawyer for a proper advise. I'd be glad to drive you through

Happy new year to everyone here. I wish you all an amazing year. Cheers to a greater year

Good afternoon Mr. AJQ, we can take care of your need for you professionally within a very short period of time(2~3) days. Contact us today and let us help you birth your business to glory.

Hi Everyone, have you bought Samsung phone one Aliexpress in the past? Come here and tell us about your experience

Show us pictures and tell us your location

bamac:
The gadget is available on Jumia.

BLACK FRIDAY is almost here, for best Jumia shopping experience please Call/Whatsapp on 08091180137 to order from Jumia now through a reliable and trustworthy Jumia Sales consultant.

I need Samsung A6 during the black Friday deal, how much you go give me?

Nickisindigo:
how much for a limited company

It depends on the share capital, for one million share capital, is 60k

Contact us ti register your trade mark, patent and design. We also register company at a cheaper rate.

Nickisindigo:
registration of private company with shareholders?

Yes, We do that also. We register any type of company and we get your certificate delivered to you anywhere within a week.

DaniellaDokubo:
Kindly drop a contact which I can reach you please.

lekan6ix@gmail.com

Is your business a start up or existing business? Why haven't you registered your business name? Did you just say because of the fees? Common!!! Enjoy the 50% promo that is currently ongoing. We run a 24/7 services and our staff are always available to serve you promptly.
We would also process your TIN, to enable access loan in bank.

Take this advantage while it last.

Your favourite Esq.

Ijeoma660:
Please how did you finally go about this as I am stuck on similar issue.

Why not engage my service let me run it for you seamlessly

If you wish to register your business and get your certificate delivered to you anywhere you're, message Mr and enjoy our ongoing promo.

Your favourite Esq.