The\u00a0days of paying a lawyer or accountant huge sum of money to register a business name for you are over. Within few minutes, you would learn how to handle your business name registration yourself.<\/p>\n
But first, why do you need to register a business name?<\/strong><\/p>\n The agency in charge of business name registration in Nigeria is the Corporate Affairs Commission (CAC). The C.A.C permits you to register your business either as a sole proprietorship, a private limited company, incorporated trustee or unlimited company.<\/p>\n However, the most commonly registered businesses in Nigeria are sole proprietorships and private limited companies. I assume that most readers would be interested in registering either of these two businesses hence I would focus on them.<\/p>\n This would cost you N500 and would take about two weeks. This is the first step involved in business registration in Nigeria and helps you come up with a unique name.<\/p>\n All you need to do is to come up with three alternative names and then fill the form and submit it. Within 2 weeks, you should check back for the results.<\/p>\n To avoid repeating this process, take time to sit down and come up with a unique name- don\u2019t lift names off the internet or go for common success enterprises, Favor Nigeria Limited, Alubarika PLC; trust me, those are already taken.<\/p>\n This form costs only N250 for sole proprietorship (business name registration) and N500 for limited companies. This form is to be filled and submitted after you receive your results for the business name search.<\/p>\n For sole proprietorship, this is basically where it ends — except that you would be required to pay a sum of N10, 000 for business name registration. Limited companies however, have more work to do.<\/p>\n The\u00a0days of paying a lawyer or accountant huge sum of money to register a business name for you are over. … <\/p>\n\n
Obtain a Business Name Search Form<\/strong><\/h2>\n
Fill the Business Registration Form<\/strong><\/h2>\n
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