falansa:
Nice thread... Can someone give us a breakdown of the best, fastest and cheapest way of registering with CAC?

Check out this thread for better understanding of business registration with CAC:
https://www.nairaland.com/2549756/business-registration-nigeria-demystified

Jah bless today, thanks for sharing, how much is involve to register

I have a very nice name for my future company. I have an idea, too. All I need is startup capital. And maybe an older civil engineer who has a bit of experience.

emmanuelbrown26:
Jah bless today, thanks for sharing, how much is involve to register

Business names can be done for less than 20k. But for limited companies, you need a CAC accredited customer, which I am one. Prices vary, depending on share capital.

foxychev:


At the end of every financial year, I.e from the date of commencement of the business.

pls are u sure?
is there no legal provision?

cydophobia:
@ foxy

Thanks for your contribution.
I did an NGO registration,name reservation was approved and publications was done on national dailies.To my suprise CAC rejected the name at the point of issuing certificate.
I was told to bring another name and start the process all over again.

Can you suggest what could have caused the denial of the name.

Thank you.

There must have been a clause in the constitution that makes the reserved name inappropriate for the NGO. Your agent should know the real problem.

speedyconnect3:

pls are u sure?
is there no legal provision?

You are expected to file annual returns latest 3 months after the end of your financial year.

speedyconnect3:

pls are u sure?
is there no legal provision?

There is, brova. The Companies and Allied Matters Act provides for it. Section 587 of the Act, if u can get hold of one.
And no, you do not need to file Annual Returns in the year of registration.

ejembi28:
But how much does it cost to register a business name, as seen from my signature below ,.

That's not a business name you intend registering...that's a Private Limited Liability Company, by virtue of the 'LTD' you included. Talk to someone around you who knows about this to explain the distinctions to you, bro.

JideTheBlogger:


Thank you!

You're welcome.

ejembi28:
But how much does it cost to register a business name, as seen from my signature below ,.

You need an accredited CAC customer. Check my signature and let's talk.

Good to know that people still have time to post relevant information

I don't know how Nairanland's 'Follow' works, I would have followed this topic instead.

Nice tips!

Nice thread. #Educative.

onome710:
I'm on the verge of registering my company name... not an easy task to get a name that ain't taken.
I finally got one. Now I'm on the logo stage. Still playing with ideas for that...

let me design a standard logo for you @ the rate of 5000naira. This is my email: kaythinks@gmail.com

Good one.thank u OP

Sweetcypress:
Good to know that people still have time to post relevant information

Me too... I am so much delighted. At least I can now go and register my business.

What about U, hav u registered ur business ?

KomonSense:


Me too... I am so much delighted. At least I can now go and register my business.

What about U, hav u registered ur business ?

Still on it. It's not been easy tho

Thanks. Really nice piece

foxychev:


You need an accredited CAC customer. Check my signature and let's talk.

Foxychev, I heard that the amt of money required to register a business name differs from state to state? The agent told me that business name registration in Lagos and Abuja are more expensive compared to other states in Nigeria.

Is this true... If so, why?

Sweetcypress:

Still on it. It's not been easy tho

The CAC office you're using is located in which state?
Are u registering a business name or a Limited company?

I am so anxious now coz I am undergoing a program now which they said they will fund our business but we must first register the business name..

I need advice and help ooo pls

KomonSense:


Foxychev, I heard that the amt of money required to register a business name differs from state to state? The agent told me that business name registration in Lagos and Abuja are more expensive compared to other states in Nigeria.

Is this true... If so, why?

CAC fees are the same every where in the country.

KomonSense:


The CAC office you're using is located in which state?
Are u registering a business name or a Limited company?

I am so anxious now coz I am undergoing a program now which they said they will fund our business but we must first register the business name..

I need advice and help ooo pls

Check my signature. I'll assist you.

Thanks for this info,,,
please so you work with CAC?,,,,if yes can you help with company registration?...
Waiting for your reply..tnks

foxychev:
Name Availability search is the first step to take when you want to register your business with Corporate Affairs Commission (CAC), whether it is an enterprise, limited liability company (Ltd or Plc), or a non-profit organization like NGOs or churches.
First let me give you possible reasons why your proposed business name may be rejected at the CAC:
1. Names that are ambiguous or unclear, or confusing. Names that can confuse the public about the nature of your business, or awkward combination of words. E.g. Johnson Enterprises Company; or Johnson Motors and Health Ltd.
2. Use of reserved names like Johnson Chamber of Commerce, or John Department of Agriculture.
3. Use of names that are closely similar to that of existing registered companies with the CAC. For instance, you cannot use a name like "Dangots Sugar Ltd", because you know quite well that there is an existing company called "Dangote Sugar Plc". People can easily confuse those two names together.
Well, it is obvious we all know "Dangote Sugar", but there are thousands of registered companies we don't know about, and if we try to reserve a name close to theirs, it will be rejected by CAC.
Can we see the list of all registered companies in Nigeria before choosing our own name? Yes, but not practicable!
So what do we do?
Here are some tips to assist you in selecting a good business name that flies at the CAC Name Availability Search...
1. Be creative, very creative.
Some names are common and can be easily thought of. If you are thinking of using "Amazing Grace Nigeria Ltd", that is an easy name to come by! You can be certain that there will be existing companies having one or both words in their names. Think of unique words.
2. Explore other Languages.
For instance, if you are a fan of French or Spanish, or your native language, you can simply translate common words into them. You have a higher chance of getting your name reserved. For instance, you can translate "Red" into "Rouge" (French), or "Colorado" (Spanish).
3. Combine words that are rarely used together.
Everyone knows “Amazing Grace” are two words that are used together most of the time. “Abundant Grace” won’t be a good choice either. But if we say something like “Colossal Grace” we stand a better chance.
4. Combine more words (Don’t exceed 5 words!).
The reason for this is to reduce the chances of having closely similar words with the names of other companies. For instance, suppose we have “Johnson Nigeria Limited” already registered and we love the name Johnson so much that we don’t want to drop it or interpret it into another language. CAC may reject “Johnson Engineering Ltd”, or “Johnson Electrical Ltd”. But if we have two additional words different from those of the existing one, we can get ours approved. So if we choose “Johnson Engineering Services Ltd”, we will likely get an approval.
5. Specialize your business name
Let the nature of your business reflect in the name. E.g. adding suffixes like Engineering, Publishing, Health Services, Business Solutions, Farms, etc. will help you to distinguish your company name from others baring similar names but are into different natures of business, and consequently get an approval. Now, assuming “Johnson Nigeria Limited” and “Johnson Engineering Services Ltd” are registered, and we are into publishing, we can use “Johnson Publishing House Ltd”. It will likely get approved.
6. Google up your intended name.
Many businesses are creating online presence via corporate websites, blogs, online business directories, social media pages, etc. If you Google search your proposed name, you might come across an existing company with similar name. This will help you to fine tune yours further.
7. Be flexible, don’t be obsessed with a particular name.
I have seen people do like 5 name searches, and still don’t get an approved name. That is like 10 rejected names, since they have two options for each search! Being flexible will allow you to follow advices 1 to 6 above, thereby saving you money, energy and time expended on multiple searches.
Note that CAC has the right to approve or reject any name, based on their discretion. But a well thought of, unambiguous name will get you an approval.
Finally, seek advice from friends, family and professionals. Don’t be alone.
Contributions are welcome, please.
Drop a reply if you need additional help…


****

sambisa5:
Thanks for this info,,,
please so you work with CAC?,,,,if yes can you help with company registration?...
Waiting for your reply..tnks

Accredited customer. Sure yes. Check out my sign...

foxychev:


Accredited customer. Sure yes. Check out my sign...

k, will call u now

foxychev:


Check out the is thread for better understanding of the Business registration process:
https://www.nairaland.com/2549756/business-registration-nigeria-demystified

Thanks

Pls those anyone know the cost of registering a company in the CAC?

foxychev:


At the end of every financial year, I.e from the date of commencement of the business.

@OP Please what is the different between a registration number that started with BN and that of RC. e.g BN345678 and RC345678

skytreader:



There is, brova. The Companies and Allied Matters Act provides for it. Section 587 of the Act, if u can get hold of one.
And no, you do not need to file Annual Returns in the year of registration.

ok pls if i registered nov.2015, when should returns be filed

foxychev:


You are expected to file annual returns latest 3 months after the end of your financial year.

if i registerd in nov 2015, when should i file returns?

ablesolomo:


@OP Please what is the different between a registration number that started with BN and that of RC. e.g BN345678 and RC345678

BN is issued to Business Name enterprises, more like sole proprietorship or partnership business.

RC is issued to limited companies.