How To Registered Business Name with CAC Nigeria for Less than N5000

Today 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, without a lawyer and with less than N5,000.

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me and my friends including my pictures, go to http://www.facebook.com/ibiyemi.taiwo




Feel free to use the comment form below this post in asking me any question you
might want to ask.

If you want to add me as a friend on facebook or just want to know more about
me and my friends including my pictures, go to http://www.facebook.com/ibiyemi.taiwo




Feel free to use the comment form below this post in asking me any question you
might want to ask.

Feel free to use the comment form below this post in asking me any question you
might want to ask.

Feel free to use the comment form below this post in asking me any question you
might want to ask.

You
will also learn how make money doing it for others. (if you desire).

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of the repealed companies Act of 1968.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,
if you want to register a business name, it can be done in either of 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 and make a request for your
business name to be registered. 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.

The little
problem with doing this yourself is that if
you do not know the secrets of going about it, you will spend months trying to
get your business name registered.

HOW TO
CHOOSE A NAME FOR YOUR BUSINESS

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
some one has register it.

Therefore,
the name you choose must be genuinely created by you. Do not copy or twist any
already existing names. Make sure your business name is unique. Think hard
before you submit the name for screening.

WHAT TO DO
IF THE NAME SUBMITTED WERE TAKEN?

You should
be prepared so that when the result comes out, you will be prepared to register
immediately if your first choice of business name has been previously
registered by someone else.

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

When name
reservation results come out what people normally do is to start studying the
new documents they are provided with it fill. Therefore if you prepare early. You
will get your registration done once the result is out.

WHY 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. This is where a most 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. You have
to be detailed on what your business is all about.

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

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.

Once you
name reservation is out, speak to any officer in the CAC office.

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 something you can 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 N 4, 000 for your registration.
You can ask for the current price.

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. 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. 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.

If you need
further answer, ask them on our facebook page @ http://www.facebook.com/Taiwopublishing.
Please note, we are not a CAC agent.

I hope this helps.



In my future posts, I will share with you how to open a corporate bank account
with your certificate of registration of business name. If you do not
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Enjoy!

Taiwo

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To your success

Taiwo Ibiyemi