Dear
Readers,
I
will like to say a BIG THANK you for reading this free report. I am very sure
that after reading this free report you will worry less as to how to go about a
formal incorporation with the CAC. I will be revealing to you the details in
formalizing a name with the corporate affairs commission in 3 weeks or less.
The Corporate Affairs
Commission (The body responsible for registering of businesses) was established
by the companies and allied matters act, which was promulgated in 1990 to
regulate the formation and management of companies, formalizing incorporated
Trusteeships, registration of schools, religious organizations, NGO’s, etc in
Nigeria.
The establishment of
the Corporate Affairs Commission as an autonomous body was as a result of the
perceived inefficiency and ineffectiveness of the erstwhile 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responsible for the registration and administration of the repealed Companies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.
For
instance, if you want to register a business name, you can do it in two ways. One
is to engage the services of a lawyer or Business consultants in CAC matters
and they will get it done for you with about N20,000- N25,000.
The
second way to get your business name registered is to do it YOURSELF.
Yes, you can walk into any branch of the corporate affairs commission and you
will get your business registered.
The
trouble with this is that if you do not know the secrets of going
about it, you will spend months trying to get your business name registered.
And I've not even considered those that will be asking you for bribe before you
get your business done. This report will reveal the secrets to you.
BUT
WHY DO YOU EVEN NEED TO HAVE A CORPORATE NAME
Benefits
attached to having a corporate name are so numerous but I will highlight few here.
·
It gives you a
self esteem
·
It is an identity
·
It is an
investment for the future
·
It can give you
freedom
·
It is easier to
raise fund as a business than individual
·
It is a way to
create a brand name for marketing purpose
·
etc.
The
First Thing You Should Do
Once
you are ready to register your business name with the corporate affairs
commission, the first thing you should do is to go to their office nearest to
you.
Take
a look at some of their offices.
CORPORATE HEADQUARTERS
Plot
420, Tigris Crescent,Off Aguiyi Ironsi Street,MaitamaAbuja.email: cservice@cac.gov.ng
LAGOS
IKEJA:
CAC House Plot 7 Otunba Jobi Fele Way,Central Business District Alausa Ikeja.
RIVERS
112 Aba Road, P/Harcourt, River State
112 Aba Road, P/Harcourt, River State
OYO
Premium
House, Jericho Road, Eleyele-Ibadan, Oyo State.
EDO
55, Akpakava
Street, Benin City, Edo State.
ENUGU
1
Temple Avenue, Off Opara Way, Enugu.
IMO
7/9 Wetheral Road, Owerri, Imo State.
DELTA
Along
Anwai/Illah Okpanam Road, Opp. Ministry Of Works, P.M.B 95095, Asaba-Delta
State.
BENUE
37 Barracks
Road, Makurdi, Benue State.
KANO
52,
Unity Road, Kano.
KADUNA
22,
Bida Road, National Bank Building, Kaduna.
PLATEAU
21,
Murtala Mohammed Way, Jos, Plateau State.
SOKOTO
No.
3, Sultan Ibrahim Dasuki Road, Sokoto.
BORNO
No. 25, Sir Kashim Ibrahim Way, Chari
House, Maiduguri, Borno State.
ADAMAWA
Galadima,
Aminu Way, Jimeta-Yola, Adamawa State.
BAUCHI
Ground
Floor, Nicon House, No. 26, Ahmed Abdulkadir Road, Bauchi State.
AKWA
IBOM
131,
Udo Umana Road, Uyo- Akwa Ibom State.
CROSS
RIVER
No.
10, Calabar Road, Okoi Arikpo House, 3RD Floor, M/M Way By Central Bank.
ONDO
87,
Alagbaka Quarters, Akure.
KWARA
Adama
Sa'adu's House, Ahmedu Bello Way, Ilorin, Kwara State.
Walk
in to the nearest branch to you and ask for name reservation form.
It costs just Five Hundred Naira only. You will be given a receipt and a form.
On the form, you will be asked to fill in a few details. Details like...
Your Name
Your Address
Your Desired Business Names
A Space to Fill The Type Of Business You Want to
Register
You
will be required to choose two 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 N500 again and
you will have to wait for the result and this sometimes doesn’t come as quickly
as expected due to the following reasons...
·
Backlogs of names
for search or availability
·
Server downtime
·
Emergency Public
holiday’s e.g strike, festive periods, etc.
·
Desirable name
already existing
·
Fictitious names
e.g Wealth solution, Penny wise pound foolish, etc.
·
Entering a name
similar to Govt parastatal or International Bodies.
Oh,
I did not tell you...
When
you ask for a name reservation, it takes sometimes about 2 weeks before the
results are returned. It is sometimes as fast as one week or 10 days but it
sometimes takes 2 weeks. Now imagine if your chosen business name is not
available, you have to go through that 2 week process again. If the new one is
not available as well, you have to go over the process again and again. That is
why it takes people such a long time to achieve their dream of registering a
company or other corporate name.
What can You do to Prevent DELAY in getting your name
approved?
Dear
Reader, 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 must have registered it.
Don't
even think registering names such as these will be easily available...
Emeka Okoro Enterprises
His Grace Ventures
El Shaddai International
Gloria Beauty ventures
Good News Enterprises
Beulah Ventures
And all
these kinds of common stuffs. If you choose them, there is a high chance they
have been taken. Do you doubt me? Let me give you an example.
I
once attempted to register “IDEAS AND PROSPECTS ENTERPRISES” and I was
confident it would be available. To my surprise after 2 weeks, it was already
taken.
So
you should be creative and at least be able to think outside the box in
crafting your desired name for CAC purpose. Today, I think hard before I submit
the form.
So now,
we have sorted that. You will have to wait till the result comes out. There is
nothing you can do about that. You just have to wait. All I'll advise you to do
is to get ready so when the results come out, you will be prepared to register
it immediately.
Prepare
2 passport photographs and a copy of a VALID national Identification such as
Driver’s Licence, National I.D Card, Permanent Voter’s Card or International
Passport, other subscribers photographs and their details, your address (you
can use your residential address if you operate from home ), telephone number
(use GSM), local government area, email address, etc.
Here
is why I'm telling you to be prepared. You see, we want to get your business
name registered in record time so we want to move faster than normal. When name
reservation results come out, what people normally do is to start studying the
new documents they are provided with to fill.
I
remember one particular occasion when I made an error in filling some details
and had to TIP-EX the error, the form was returned so I had to go back the
following day to obtain another form because CAC doesn’t permit some mistakes
at all. I'd wasted another 24 hours.
If
you prepare early, you will get your registration done once the results are
out.
Here Is Something Important You Have To Prepare For...
You
see, the CAC requires that you state what your business is all about. You have
to state at least one thing or two or three but it must be related objects.
They want to know what your business is about before they can register the
name.
This is Where A Lot Of People Waste Time
The
first time I tried to register a company, I filled in the following as my
object.
Internet Marketing
Information Marketing
Direct Marketing.
I submitted
that and it got rejected. I went back and rephrased it and submitted again. I
got rejected the second time. I kept trying and trying and I was getting
rejected.
It
was later that I discovered that there are some kinds of laid down business
objects that are allowed for a business name. It is 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
Tools, Machines And Allied Products
·
Alternative
Medical Practice
·
Aluminium
Manufacturing
·
Architects/Town
Planners
·
Auto Dealers
·
Auto Mechannics
And Rewiring Services
·
Auto Spare Parts
Dealers
·
Bakery And Fast
Foods
·
Beauty 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
·
Day Care Centre
·
Dealers And
Distributors
·
Electrical/Electronics
Equipments Dealers
·
Entertainment
Industry/Events Managers
·
Estate
Agency/Maintainance
·
Fashion Designers
·
Fish
Farming/Fisheries
·
Food Products And
Processing
·
General
Construction (Build/Civil Engr. Contractors)
·
General Contracts
·
General
merchandise/Trading
·
General Tax Consultants
·
Guidiance And
Counselling
·
Gymnastics And
Stress Management
·
Horticulture/Gardening/Landscaping/Equipment
Services
·
Hospitals/Clinics
·
Hotel/Hospitality
Industry
·
Human Resource
Manager
·
Import/Export Of
Goods And Services
·
Industrial Chemical
Supply And Service
·
Interior/Exterior
Decorations
·
Internet Service
Providers (Cyber Cafe)
·
Jewellers
·
Land And Quantity
Surveyors
·
Laundry/Dry
Cleaning Services
·
Legal Practice
And Consultancy
·
Livestock
Management
·
Management
Consultants
·
Maternity Home
·
Mechanics/Welding
·
Medical And
Pharm. Products (Manuf, Sales And Services)
·
Medical
Services/Laboratory
·
Others
·
Patent Medicine
Store/Chemist
·
Petroleum
Products Sales/Distribution
·
Pharmaceutical
Manufacture/Services
·
Photography/Photo
Equipment
·
Plastic Manufacturing
·
Poultry Farming
·
Printing/Publishing
·
Restaurant/Catering
Services
·
Road
Transportation
·
Schools (Nursery,
Primary And Secondary Schools)
·
Supermarkets/Departmental
Stores
·
Textile
Manufacturers/Distributors
·
Travel Agents
·
Veterinary
Clinic/Services
·
Water Works/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 documents to fill. In some CAC branches, they would have given
you this form and file right from the first day you applied for name
reservation.
You
can fill the form right away with your name, phone number, address including LGA,
other subscriber’s details, and passport photographs (you will staple it and
make sure you write your name behind the passports and sign them). And don’t
forget to fill the forms in Block LETTERS.
After
you're done filling the documents, you can then submit for registration as in
the case of Business Names but other incorporation need to go through
stamp-duty and sometimes publications in national dailies.
Once
you submit your document for registration it does not really guarantee that the
name will be registered because the whole document will still be subject to
verification, what they look for at the verification process are things like
your objects, how you’ve filled the form and so on. If you fill everything
properly, your verification process would be a smooth one-time thing.
Right
at CAC office, there are paying cubicles of receiving banks for all payments
associated with CAC, you will pay the necessary fee and obtain a government
receipt thereafter your form is ready for processing. You should be asked to
come back in about 3 weeks or less for your certificate. The official fee for
registration of business name is N10, 000.
AS EASY AS ABC RIGHT?
That
is it about the registration of BUSINESS names, for other registration such as
Limited Liability Companies, Schools, Religious bodies, Clubs/Associations, N.G.O,
etc; the process is similar at the NAME SEARCH/AVAILABILITY stage but differs
in some other areas. As a result of their peculiarity, you must consult a
lawyer or a business consultant with track record to guide you to avoid
pitfalls.
Now
go out
Thanks
for reading.
Lekan
Olanite
08034201291;
07080175560
PROSPECTIVE
IDEAS NIG ENT.
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