Why Registering Your Business with CAC is Important

Why Registering Your Business with CAC is Important

IGNORANCE as they say is a KILLER of GROWTH! Registering your brand or business name with the Corporate Affairs Commission (CAC) isn’t a must but a necessity. For entrepreneurs.

The importance of registering your business with Corporate Affairs Commission can never be overemphasized, it’s an integral part of your business growth. One of the most important things you need to understand about CAC Registration is “RESERVATION OF NAME“.

Many business owners and service providers are getting it wrong here. The number one thing to do when it comes business registration is to SECURE THE NAME first before you proceed to the next stage. Without you being successful in this stage, you aren’t proceeding no where.

Why Registering Your Business or Company Name with CAC is highly Recommended

Below are Benefits of Corporate Affairs Business Name Registration:-

  • Hiring Employees. …
  • Supplier Arrangements/Government Contracts. …
  • Business Trip to Other Country. …
  • Opening Business Bank Accounts. …
  • Safeguarding Your Business/Corporate Name. …
  • Getting Loans. …
  • Certificate of Incorporation. …
  • Perpetual Succession/Continuity.

What Happens if You Fail to Register Your Business with Government

If your Business is not registered under CAC then you have No Legal right on it because it’s not know to the Government of your nation. Why do I say this?

1. Government will never give you access to loans and grants without your CAC certificates: In October 2021 the government released a loan for business owners and people who graduated within the last 7 years. It was a huge loan ranging from 5million to 25million, but the first requirement was (Provide CAC certificate).

2. You will never be able to open a corporate bank account that bears the name of that your Business or Brand: without your TIN, and you can never get your TIN when you have not registered your business with the Corporate Affairs Commission.

3. Your Business Name Will Remain Open to any who decides to register it first, hence your branding, printing of flyers, banners, and making of billboard might all be in vain.

Now think again!!!! When you register your business who do you help? Absolutely You, and your only self.

So get out there and do the Needful. Avoid fake registrations from people ❌…. We can Help connect you with a Trusted Registrar, and we’ll take a Non Refundable Fee of N1,500 naira. Chat us via WhatsApp now +2348135796371 📞📲

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