HOW TO REGISTER YOUR BUSINESS NAME

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the Federal Ministry of Commerce and Tourism which was then responsible for the registration and administration of the repealed companies Act of 1968.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,

Just walk into any branch office of C.A.C closest to you 

Take a look at some of their offices. Please note that these addresses are correct at the time this report was written. The CAC can decided to move to another location if they wish to.

LAGOS:

IKEJA: Elephant cement House, Assbifi Road, Alausa Ikeja.

MARINA: 9th Floor, UBA House, No. 57 Marina-Lagos Island.

RIVERS: 112 Aba Road, P/Harcount, River State.

OYO: Premium House, Jericho Road, Eleyele Ibadan, Oyo State.

EDO: 55, Akpakava Street, Benin City, Edo State.

ENUGU: 1 Temple Avenue, off Opera Way, Enugu.

IMO: 7/9 Wetheral Road, Owerri, Imo State.

BORNO: 25, Sir Kashim Ibrahim Way, Chari House, Maiduguri, Borno State.

ADAMAWA: Galdima, Aminu Way, Jimeta-Yola, 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, Okoi Arikpo House, 3rd Floor, M/M Way by central bank.

ONDO: 87, Alagbaka Quarters, Akure.

DELTA: Along Anwai/lllah Okpanam Road, Opp. Ministry of Works, P.M.B 95095, Asava - Delta State.

KWARA: Adama Sa'adu's House, Ahmodu Bello Way, Ilorin, Kwara State.

KANO: 52, Unity Road, Kano.

PLATEAU: 21 Muritala Muhammed Way, Jos, Plateau State.

SOKOTO: 3, Sultan Ibrahim Dasuki Road, Sokoto.

BENUE: 37, Barracks Road, Majkurdi, 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. 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.

That second option (do it yourself), the trouble with this is that if you do not known the secrets of going about it, you will spend months trying to get your business name registered. And I have not even considered those that will be asking you get your business done. 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 mohan concepts international and this is only a business name.

THE FIRST THING YOU SHOULD DO

Once you are ready, you register your business name with the Corporate Affairs Commission (C.A.C) , the first thing you should do is to go to any of their offices nearest to you.  

Take a look at some of their offices. Please note that these addresses are correct at the time this report was written. The CAC can decided to move to another location if they wish to

HOW TO CHOOSE A NAME FOR YOUR BUSINESS

When you ask for your name reservation, it takes about two weeks before the result are returned. it is sometimes as fast as one week or ten days but it sometimes takes two weeks. now imagine if your choosen 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 choosen. now, you have to be smart and ingenious about it. if you choose just any name, i can assure you some one has register it,  therefore, that name you choose must be genuinely created by you 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.

And all these kinds of common stuff. if you choose them, there is a high tendency or possibility 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 come 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. when name reservation results come out what people normally do is to start studying the new documents they are provided provided with it fill. therefore if you prepare early,. you will get your registration done once the result are out

WHY MUST BUSINESS NAME GET REJECTED?

CAC 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 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 is up to you to find an object that best describe 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 you 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, partners details, 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 vary. 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 objects, how you filled the form and so on. It you fill everything properly, your verification process will be a smooth, one time 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 o come back in about one week for your certificate.   

ON COMPLETION

You will be asked to sign. They will give you certificate as well as some other document you can keep. You will need such document like when you want to open company bank account.

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.