HOW TO REGISTER YOUR BUSINESS NAME BY Temitope Adewoye

 

Have you ever considered having your own business? If you have a good place to start is by registering your business name. If you own a start up please do well to register your business name with the Corporate Affairs Commission (“C.A.C.”).

The C.A.C is responsible for the formation and management of companies in Nigeria. The commission is empowered to handle all issues associated with company registration, business names and incorporated trustees in Nigeria.

In order to be legally smart as a business owner you need to register your business name as this action would give people great confidence to do business with you.

Before coming up with a business name, consider the following statutory requirements:

  • The names should not be similar to any business or trademark registered in Nigeria. e.g Mike Lawanson Ventures
  • The name should not contain words like ‘National’ ‘Government’ ‘State’ ‘Co-operative’ etc.
  • To use the word ‘Consulting’ you would need to provide the commission evidence of relevant professional qualification; thus avoid the using the word if you don’t have such qualifications.

Please note that the C.A.C.     has the right to disapprove your business name if someone else has registered that same name thus you need to have three alternate names, until your business name is approved you can’t proceed to the next stage.

Once you get a go ahead then you would be able to register your business name;

The following are the requirements for the business registration form:

  • The approved business name
  • The business address
  • The name of the sole proprietor or partners
  • The address of the owners
  • Two passport photographs of the owners
  • General nature of the business

The C.A.C. requires that you state what your business is all about. You have to state at least one thing. The maximum is three. It is up to you to find an object that best describes your business is about.

The following are the objects allowed by the C.A.C.;

  1. Advertising/Public Relations
  2. Agricultural Produce
  3. Agricultural Tools, Machines and Allied Products.
  4. Alternative Medical practice
  5. Aluminum Manufacturing
  6. Architects/Town Planners
  7. Auto Dealers
  8. Auto Mechanics and Rewiring Services
  9. Auto Spare Parts Dealers
  10. Bakery and Fast Foods
  11. Beauty Industry (Salon, Pedicure, Manicure, Barbing ETC)
  12. Bookshops/Stationery Stores
  13. Car Washing Services
  14. Carpentry/Wood works
  15. Chattered Secretaries
  16. Commission Agents
  17. Computer Training, Sales and Services
  18. Cosmetic Manufacturers/Dealers
  19. Day Care Center
  20. 20. Dealers and Distributors
  21. 21. Electrical/Electronic Equipments Dealers
  22. Entertainment Industry/Events Managers
  23. Estate Agency/Maintenance
  24. Fashion Designers
  25. Fish Farming/Fisheries
  26. Food Products and Processing
  27. General Contracts
  28. General merchandise/Trading
  29. General Tax Consultants
  30. Guidance and Counseling
  31. Gymnastics and Stress
  32. Management
  33. Horticulture/Gardening/Landscaping/Equipment Services.
  34. Hospital/Clinics
  35. Hotel/Hospitality Industry
  36. Human Resource Manager
  37. Import/Export of goods and services
  38. Industrial Chemical Supply and Service
  39. Interior/Exterior Decorations
  40. Internet Service Providers
  41. Jewelers
  42. Land and Quantity surveyors
  43. Laundry/Dry Cleaning Services
  44. Legal Practice and consultancy
  45. Maternity Home
  46. Mechanics/Welding
  47. Medical and Pharmaceutical products (manufacturing, sales and services)
  48. Medical Services/Laboratory
  49. Patent Medicine Store/Chemist
  50. Petroleum Products Sales/ Distribution
  51. Pharmaceutical Manufacture/Services
  52. Photography/Photo Equipment
  53. Plastic Manufacturing
  54. Poultry Farming
  55. Printing/Publishing
  56. Restaurant/Catering services
  57. Road Transportation
  58. Schools (Nursery, Primary and Secondary Schools)
  59. Supermarkets/Departmental Stores
  60. Textile Manufacturers/Distributors
  61. Travel Agents
  62. Veterinary Clinic/Services
  63. Water works/Borehole drillers

Most businesses will fall under one of these, if not, just use General Merchandise

After getting the certificate for registering your business, you can then be assured that you are legally smart.

 

 

 

Advertisements

6 thoughts on “HOW TO REGISTER YOUR BUSINESS NAME BY Temitope Adewoye

  1. It is appropriate time to make some plans for the future and it is time to be happy. I have read this put up and if I may I want to recommend you few interesting issues or tips. Perhaps you could write next articles referring to this article. I wish to learn even more issues about it!

  2. Thanks a lot for giving everyone an extremely nice chance to read critical reviews from this web site. It is always very enjoyable and packed with a lot of fun for me personally and my office colleagues to visit the blog a minimum of 3 times in one week to see the latest items you will have. And of course, I’m so certainly pleased with your exceptional information you give. Selected 3 points in this article are easily the very best we’ve had.

  3. Thanks for these pointers. One thing I also believe is always that credit cards supplying a 0% rate of interest often appeal to consumers along with zero rate, instant acceptance and easy on the web balance transfers, nevertheless beware of the number one factor that will probably void the 0% easy streets annual percentage rate and as well as throw one out into the very poor house quickly. This Site What’s Taking place i’m new to this, I stumbled upon this I’ve discovered It positively useful and it has helped me out loads. I hope to contribute & assist different customers like its aided me. Good job. Do you have a spam problem on this site; I also am a blogger, and I was wondering your situation; many of us have developed some nice methods and we are looking to trade strategies with others, be sure to shoot me an email if interested. I am often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand new information. More Bonuses Hello there! I know this is kinda off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot! My partner and I stumbled over here by a different page and thought I might as well check things out. I like what I see so i am just following you. Look forward to finding out about your web page yet again.

  4. Having read this I believed it was really enlightening. I appreciate you taking the time and energy to put this information together.
    I once again find myself spending a significant amount of time both reading and posting comments.
    But so what, it was still worthwhile!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s