I am delighted to share with you the secrets of registering your business name with the Corporate Affairs Commission (C.A.C) in less than 21 days or even less, without a lawyer and with less than N5,000. To be rounded up with How to make money doing it for others. (if you desire).
However, the Corporate Affairs Commission (C.A.C) is a body responsible for registering of businesses, established by the Companies and Allied Matters Act (CAMA) which was promulgated in 1900 to regulate the formation and management of companies in Nigeria
The establishment of the Corporate Affairs Commission (C.A.C) as an independent body was as a result of the perceived inefficient and ineffectiveness of the former company Registry, a department within the Federal Ministry of Commerce and Tourism which was then responsible for the registration and administration of the repealed companies Act of 1968.
Therefore, in conclusion if you want to register a business name, it can be done in either of the two ways, one is to engage the service of a lawyer and it will be done for you with about 10-15 thousand naira, or two you do it by yourself, if you follow the secrets I will be sharing with you your success is rest assured. Happy reading!!!
TO DO IT YOUSELF
Let me quickly lists out the addresses of C.A.C offices in Nigeria. Please note that these addresses are correct at the time this report was written. The CAC can decide to move to another location if they wish to.
LAGOS:
IKEJA: Elephant cement House, Assbifi Road
RIVERS: 112 Aba Road River State
OYO: Premium House, Jericho Road, Eleyele Ibadan, Oyo State.v
EDO: 55, Akpakava Street , Benin City Edo State
ENUGU: 1 Temple Avenue Opera Way , Enugu
IMO: 7/9 Wetheral Road, Owerri, Imo State
BORNO: 25, Sir Kashim Ibrahim Way Maiduguri , Borno State
ADAMAWA: Galdima, Aminu Way Adamawa State
BAUCHI: Ground Floor, Nicon House, No. 26, Ahmed Abdulkadirr Road Bauchi State
AKWA IBOM: 131, Udo Umana Road Upo-Akwa Ibom State
CROSS RIVER: 10, Calabar Road
ONDO: 87, Alagbaka Quarters, Akure.
DELTA: Along Anwai/lllah Okpanam Road Delta State
KWARA: Adama Sa'adu's House, Ahmodu Bello Way , Ilorin Kwara State
KANO: 52, Unity Road , Kano
PLATEAU: 21 Muritala Muhammed Way Plateau State
SOKOTO: 3, Sultan Ibrahim Dasuki Road
BENUE: 37, Barracks Road Benue State
KADUNA: 22, Bida Road, National Bank Building, Kaduna
NOTE:
Walk into the nearest branch to you and ask for name reservation form. It costs just Two Hundred Naira Only (N200). You will be given a receipt and a form. On the form, you will be asked to fill in a few details. Detail like........
Your Name, your Address, your Desired Business names
A space to fill the type of Business you want to register (choose enterprises/business name)
You will be required to choose two business names. The reason is that if one is not available they can reserve the other for you. If none of them is available, you will need to do it all over again. You will have to pay the N200 again and you will have to wait for the result.
However, if you do not know the secrets of going about it, you will spend months trying to get your business name registered. This information will reveal the secrets to you.
Before we go any further, let me make it clear that this process is to get your business name registered. Some people will call it enterprises and ventures but you do not have to call yours that. A friend of mine owns a business called yomak concepts international and this is only a business name.
STEP ONE!
Go to any of the C.A.C offices nearest to you.
HOW TO CHOOSE A NAME FOR YOUR BUSINESS
When you ask for your name reservation FORM, it takes about two weeks before the result are RELEASED. It is sometimes as fast as one week or ten days but it sometimes takes two weeks. Now imagine if your chosen business name is not available as well, you have to go over the process repeatedly. That is why it takes people a long time to sort out!
So how will you prevent that from happening to you? What you need to do is to choose a name no one else would have chosen. Now, you have to be smart and ingenious about it, if you choose just any name, I can assure you someone has register it, therefore, that name you choose must be genuinely created by you. So, do not copy or twist any already existing names.
Don’t even think about registering names like these...................................
Nwekaokoro enterprises
His mercy ventures
Elshaddai international
Bukky boutiques
Good news enterprises. etc.
Because is a common stuff. If you choose them, there is a high tendency; they have been registered by somebody else. Do you doubt me?
Therefore make sure your business name is unique, explain better the type of your business, Ingenious. Think hard before you submit the name for screening.
WHAT TO DO IF THE NAME SUBMITTED WERE TAKEN?
All I shall advice you to do is to get ready, so that when the result comes out, you will be prepared to register immediately.
1. Prepare two passport photographs
2. A stapler
3. Detail of a partner (You cannot register alone add someone, anyone)
4. The partner's photographs
5. Your Address (you can use your home address)
6. Telephone number (use GSM)
7. Local Government Area
The reason is basically, you want to get your business name registered in record time so prepared. After the reservation results come out, what people normally do is to start studying the new documents they are provided with to fill. Therefore if you prepared early…You will get your registration done once the result comes out
WHY MUST BUSINESS NAME GET REJECTED?
C.A.C requires that you state what your business is all about you have to state at least one thing. The maximum is three. They want to know what your business is about before they can register the name.
This is where a lot of people waste time; for example lets say you are into information marketing and you filled in the form the following as business object.
· Internet marketing
· Information marketing
· Direct marketing
Your form will be rejected and it will have to be refilled and returned, a situation that will be repeated for many times if you do not know how to go about it.
Now do this.
LAID DOWN BUSINESS OBJECTS
There are some kinds of laid down business object that are allowed for business name. It’s up to you to find an object that best describes what your business is about.
Here are the objects allowed by the CAC
Advertising/ public relations
Agricultural produce
Agricultural machines and allied products
Alternative medical practice
Aluminum manufacturing
Architects/town planners
Auto dealers
Auto mechanics and rewiring services
Auto spare parts dealers
Bakery and fast foods
Beautify industry (salon, pedic, manic, barbing etc)
Bookshops/stationery stores
Car washing services
Carpentry/Woodworks
Chattered secretaries
Commission agents
Computer training, sales and services
Cosmetic manufacturers/dealers
Daycare centre
Dealers and distributors
Electrical/electronics equipments dealers
Entertainment industry/events managers
Estate agency/maintenance
Fashion Designers
Fish farming/fisheries
Food products and processing
General construction (build/civil engr. contractors)
General contracts
General merchandise/ trading
General tax consultants
Guidance and counseling
Gymnastics and stress management
Horticulture/land scaping / equipment
SERVICES
Hospitals/ clinics
Hotels and hospitality industry
Human resources manager
Import and export of goods and services
Interior and exterior decorations
Internet service provider (cyber cafe)
Jewelers
Land and quantity surveyors
Laundry and dry clean inning services
Legal practice and consultancy
Livestock management
Management consultants
Maternity homes
Mechanics and weldering
Medical and pharm. Products (manuf., sales and services)
Medical services and laboratory
Others
Patient medicine store and chemist
Petroleum product sales and distribution
Pharmaceutical manufacture and services
Photography and photo equipments
Plastic manufacturing
Poultry farming
Printing and publishing
Restaurants and catering services
Road transportation
Schools (nursery, primary and secondary schools)
Supermarkets and departmental store
Textile manufacturer and distributors
Travel agents
Veterinary clinic /services
Waterworks and borehole drillers
Most businesses will fall under one of these, if not, just use General Merchandise.
NOW YOU ARE PREPARED
Once your name reservation is out, speak to any officer there and you will be given a file and some document to fill. In some CAC branches, they would have given you these form and file right from the first day you apply for name reservation.
You can fill the form right away with your name, phone number, address including LGA, partner’s details, and passport photographs (you will staple it and make sure you write your name behind the passport and sign there).
After you have done filling the documents, you can then submit for what is called “verification” you just need to submit, it is no longer in your hands.
Depending on the CAC branch you go to, the verification time is varies. It is usually done within an hour so it is some thing you ca wait for, you can ask them there, so they can tell you how long it will take. Maximum a day
What they look for at the verification process are things like your objectives, how you filled the form and so on. It you fill everything properly; your verification process will be a smooth, onetime thing.
Once you pass the verification process you will be required to pay your registration fees. As at the time of typing these, it cost N4000 for your registration. You can ask for the current price buy I can bet it is well under N10000.
Right at there office, you will pay the fee and obtain a receipt you will submit your files and documents (because they will return it after the verification). You will be ask to come back in about one week for your certificate.
ON COMPLETION
You will be asked to sign, and then they will give you your certificate with some other documents you can keep. You will need those documents when you want to open company bank account e.t.c
That is it; now go out there to register your business names. You can register as many as possible and you can even make money registering it for others for a fee of about N10,000 to N15,000 each depending on negotiation between your client and you.
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