28/10/2021
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13 Important Benefits Why You Should Register Your Business/ Company Name Today With Corporate Affairs Commission (CAC) Without Stress or Spending Much And In 6 Working Days.
Firstly, many people may ask what are the benefits of registering their business?
This is a question many business owners ask. In fact, a lot of entrepreneurs in Nigeria are yet to register their businesses with Corporate Affairs Commission.
Normally, the first thing to do when you want to start a business in Nigeria is to register your business name with Corporate Affairs Commission (CAC). This will help you discover if the name you have in mind is still available and not registered by someone else.
Practically, most business owners build brandsonly to find out that someone else has the legal right to their ‘business name’. I believe this is not a pleasant experience when you consider the pain of building a brand.
Some people fail to register their business due to ignorance while some see it as a way to evade tax. You should know that the benefits of registering your business far outweighs any perceived disadvantages.
The Benefits Of Registering Your Business/ Company Name With CAC are outlined below:-
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1. You can open a corporate account with your registered business certificate.
2. Potential customers feel more comfortable paying into a corporate account because they know their money can be traced. And you can open a corporate account with any bank of your choice with a registered business.
3. You can apply for loans and grants when your business is registered.
4. When you register your business, customers trust you because they see you as legit and reliable.
5. Registering your business is the first step to getting your business structured. Without registering your business, you are running a glorified hobby.
6. A registered business can get interns from NYSC.
7. A registered business gives clients confidence that they are dealing with a reputable organization.
8. When your business is registered, even if you are dead or become incapacitated, your business continues especially when you have the right structure in place.
9. A registered business gets easy access to loans and boundless opportunities.
10. You have better access to investors with a registered business as investors look at the business structure first before investing.
11. With a registered business, you can easily obtain a visa and travel to any country for business purposes and conferences.
12. Registering your company enhances the reputation and perception of your business to prospective clients.
13. Many people make the mistake of waiting till they are in need of a registered business to seal or get a contract or probably to apply for a loan before they try to register one, in the long run they make mistake or they fail to meet up with the proposed date in doing so. Which I believed could be so disappointing.
Now How Do You Register Your Business With CAC??
Usually, you can register your business either as a Business Name or Limited Liability Company. Business name is registered by a sole proprietor and can be registered by either one person or two persons max. To register as a limited liability company, you will need at least two directors and a Secretary.
If you register as a business name, all liabilities of the business are on you. On the other hand, if you register as a limited liability company, the business is seen as a separate entity from the owner. So, all liabilities of the company is borne by the company.
Basically, there are two ways to register your business with CAC.
√ Register Through CAC Online Portal
√ Get An Expert To Help You Register
Registering yourself can be difficult if you lack the experience. So, it is always best to engage the services of a professional. Most times, people get stuck when they get to a particular stage. To avoid that, you can engage the services of a professional.
You can trust us to help you with your business registration. With us, it is fast, affordable and seamless. Most importantly, we are traceable for people who are weary of online scammers.
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