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STEPS TO REGISTER YOUR BUSINESS

Posted by Admin | 3 weeks ago | Filed Under Entrepreneurship

STEPS TO REGISTER YOUR BUSINESS

 

Do you have a business idea/plan you feel is ready to go to market? The next step to take is to register your business with the Nigerian Corporate Affairs Commission (CAC). In the past, this used to be a very tedious process but thanks to technology, this process has been made a lot easier by the CAC who now offer online registration services.

 

To register your business, simply take the following steps.

 

  1. Step One: Visit http://new.cac.gov.ng/home/ and click on the “online registration” button
  2. Step Two: Select public search and check for the availability of your business name
  3. Step Three: Once confirmed the business name is available, proceed to making a reservation for that name. At this point, you will be charged a name reservation fee of N500 (Five hundred naira only) which you are expected to pay online before you proceed.
  4. Step Four: The details you filled for your business name, are currently being cross checked for approval. This process normally takes about 24hours so you would have to check back later.
  5. Step Five: Register your company with the Name availability code sent to you.

 

Alternatively, if you do not want to go through this hassle, you can either have a lawyer register your business for you or visit the website of any third party service provider. I recommend www.diylaw.ng, their process is relatively stress free.

 

That being said, I wish you the best of luck as you explore your business idea!

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