CAC LIMITED LIABILITY REGISTRATION PROCESS
Starting a small business can be daunting, especially when one doesn’t know where to begin from. Different business owners have a step where they started from, and sometimes it’s not always the same for all of them. One thing they all agree on though, is that you need to register your business name when you’re starting a business. In this article, we’re going to delve into what registering your business name is all about, why you need to do it and how you can do it.
What is CAC Business Name Registration?
CAC stands for Corporate Affairs Commission, and they are the Government approved organisation in Nigeria in charge of registering business names and entities.
Why you Need to Register your Business Name with CAC:
There are many important reasons why you need to get your business registered with CAC. Some are summarized below
• More trustworthy: You can create a bank account for your business with ease. That comes with many benefits, but one of those benefits that most business owners overlook is - a potential customer is definitely going to feel more reassured when paying money into a business bank account with a business name, than a “business bank account” with a personal name. Providing them with the latter at the point of payment is enough for them to change their mind, and you lose that customer forever.
• Easier access to loans & grants: Having a registered business gives you more credibility, which in turn makes it easier for a business to source for loans. And with a registered business, you’re more likely to be granted a loan than if you tried to get one personally. One thing that businesses need especially when starting out is money, and with your legal business documents obtained from registration, it becomes easier to apply for loans externally e.g, from banks and investors.
• It’s easier to obtain travel documents: With your business documents, it is so much easier to apply for and get a visa to travel for business purposes.
• Legal benefits: You can operate a business legally (with your full chest!) and have access to all the rights and privileges available to business owners and companies in Nigeria.
• An edge over your competitors: Having a registered business in Nigeria definitely gives you an edge over businesses like yours that have not been registered yet.
Now that you understand the importance of registering your Nigerian business with CAC, let’s get into the how.
How to Register Your Business Name in Nigeria with CAC
Okutos Digital Solutions has made it possible for business áaáaáááaaáaaaaaaááá to do their business name registration in a few, easy steps.
1. Create a CAC account.
At Okutos Digital Solutions we Create your account with CAC using either your mobile phone number or your NIN.
2. Reserve Business Name.
3. Fill the Business Name Registration forms.
4. Pay your CAC filing fees.
5. Send you business names for Approval
6. Complete the Process of Registration
Once we get the approval from CAC, we will then submit your forms. CAC will review your documentations and upon approval, inform us that your application has been approved, and your business name certificate is ready for collection. We will download the Certificate, Print out the Original Copy with the STATUS Report and forward them to you
And that’s it! Your business name is now registered with CAC.
Valid Documents You will Need to Register your Business Name
This last part is very important. You need to know what documents you will need to register your business name with CAC, and ensure you have them all, so that you’re not stuck in the middle of the process after you’ve started.
1. Government Approved ID
First of all, you and your directors need to make sure you all have a government approved ID (Identification) and you choose from the list below:
• International Passport
• Voter’s Card
• NIN (National Identification Number)
• Driver’s License
Make sure to pay attention to the name on the ID you’re using, and that it matches the name and format you use to fill out your registration forms, e.g “Musa Ahmed” on the ID should be “Musa Ahmed” on the form, and not “Ahmed Musa”. Also make sure that your ID has not passed its expiry date, as it will now be considered invalid.
2. A Professional Passport
Take a professional looking passport with a white background, ⁴to avoid your passport being flagged. Do not instead try to use a cropped image or a selfie. Also make sure that your hair is tucked behind your ears and not covering your face, and that you’re not wearing sunglasses or a cap.
3. Clear Picture of your Signature.
On a plain white document with no lines in between (you can use a piece of an A4 paper), let every directors write down signature as you will need it to fill the online documents. Make sure that every part of your signatures is clearly visible.
And that’s it! Now, we can proceed to register your company in a few short days and get your
CERTIFICATE OF INCORPORATION delivered to you.
To FasTrack the Registration process Contact us today to get more details about our Offerings
Call us: 08163872950, 0812 185 7279
WhatsApp us:08162549495
Email us : okutosdigitalsolutions@gmail.com
Google us with:
https://g.co/kgs/C9KNNs Visit Our websites:
https://selar.co/m/okutos-digitals1https://okutos-digital-solutions.loopgenius.com/Click Here to view our Price List
