THESE ARE REQUIREMENTS FOR YOUR BUSINESS NAME REGISTRATION ON CAC

1. Surname:
2. First name:
3. Other name:
4. Date of birth
5. Gender
6. Phone number

7. *YOUR HOME ADDRESS*

1. State:
2. LGA:
3. City/Town/Village:
4. House Number:
5. Street Name:


8. *YOUR BUSINESS ADDRESS*

1. State:
2. LGA:
3. City/Town/Village:
4. House Number:
5. Street Name:

9. Nature of Business
10. Business Name 1
11. Business Name 2
12. Functional Email Address

*SUPPORTING DOCUMENTS*

13. ID Card (snap and send)
14. Passport (snap and send)
13. Signature (sign on a piece of paper, snap and send)

Register your business name, partnership, Company, NGO, School, Church, Union/Association registration now before someone else pick up the name you have in mind and many of you have been using it to operate for many years.

Today is 27th and for the remaining 4 days in "MAY" I have decided to register for business owners, school owners, Church owners, NGOs their:
1. Businesses
2. Schools
3. Churches
4 Foundation.

At a very affordable price.

•For business Name,
~N18,000 instead of N21,000.
It will be out within 7-21days.

•For Business Name Partnership
~N31,000.


•For upgrade from Business name to Company
~N60,000.


•For Company Registration
~N55,000.

•For NGOs, Churches, Schools, Associations etc.
~N130,000.
.........................................
Below are various samples of our work.
........................................
CALL OR WhatsApp
09035595423
........................................
DISTANCE IS NOT A BARRIER FOR SERVICE DELIVERY.

Dear Business owners!

I want to serve you | I want to assist you to get certified. 

Truly, I know you desire to register that your business, but right now you can't bear the financial commitment at once. 

Not that the money isn't available, but some other pressing issue is dragging the money with you. 

Here's an offer for you. 

You can register your Business Name with CAC for N18,000. Only instead of N30,000, N25,000, N21,000. This offer lasts for the remaining of May, 2022.

Hire me now!!
Samwise Consults.
Call | Text | WhatsApp 
+2349035595423

Today is 23rd of May which is my birth month. As a CAC Registration Expert and Service Provider, I took a bold decision to consider getting businesses/companies registered for an affordable fee different from the normal Registration price which I charge business owners and entrepreneurs in business today.

Therefore, dear highly esteemed Business owners, I urge you to take this bold step to get your business registered today. Even if it is just a business Name, get it certified and legalized with the Nigerian Corporate Affairs Commission (CAC)

What this bring to your table is that:
1. Your business Name is secured and cannot be used by anyone for business operations because you own the Business Name already.

2. Your business receives recognition as a registered enterprise.

3. You gain by and rliability from your customers/clients who serve as a great patronage to your business.

4. You are no longer worried about using a Business Name that is not legalized.

5. More business opportunities such as loans, investors, grants are open to you.

Grab this amazing offer for the next Eight (days from now. You have this opportunity to register your businesses with CAC today.

• Why pay N30,000/ N25,000/ N21,000 for Business Name.
Get it registered today for just N18,000.

•Why Pay N70,000/N65,000/N60,000 for COMPANY REGISTRATION
when you can get done for just N55,000.

Why pay N180,000/ 150,000/ N140,000 for Church, NGO, Schools, Union, Association Registrations
when you can get it registered today for N130,000

We also help you get your TIN Number for Business Name for easy accessibility to get a corporate Bank Account with any Bank of your choice.

You can Call/Text or connect with me on my WhatsApp business line
@ +234935595423

NB: THIS OFFER ENDS 31ST MAY OF 2022. REGISTER NOW WHILE IT LASTS...

You can reach us on Facebook or WhatsApp for any enquiries/further information needed:

Call/Text/WhatsApp @
+2349035595423.
Or connect with me Facebook with my Facebook Name
*IDOKO SAMUEL*
NB: A picture of my current profile will be attached below for easy navigation to connect with me.

Yours sincerely,
CAC service Provider
Idoko Samuel.

Dear business owners and Entrepreneurs,

We handle all CAC registration Services ranging from:
• Business Name Registration
•Company Registration. (LTD,LLC,PLC)
•NGO Registrations
•Church Registrations.
•Schools
•Clubs/Unions/Associations.
• Post incorporation services
• Annual Return filling etc

For quite an affordable fee for the whole of May, 2022. We are running special discount for all clients that we will be handling their registrations.

Call/Text/WhatsApp @
+2349035595423.
Or connect with me Facebook with my Facebook Name
*IDOKO SAMUEL*
NB: A picture of my current profile will be attached below for easy navigation to connect with me.

Yours sincerely,
CAC service Provider
Idoko Samuel.

We handle all CAC:
• Business Name Registration
•Company Registration. (LTD,LLC,PLC)
•NGO Registrations
•Church Registrations.
•Schools
•Clubs/Unions/Associations.etc

For quite an affordable fee for the whole of May, 2022. We are running special discount for all clients that we will be handling their registrations.

Call/Text/WhatsApp @
+2349035595423.
Or connect with me Facebook with my Facebook Name
*IDOKO SAMUEL*
NB: A picture of my current profile will be attached below for easy navigation to connect with me.

Yours sincerely,
CAC service Provider
Idoko Samuel.

Thank you Mr. ThankGod for reaching out to us to assist you for your business Name Registration.

Now, look at it. Does it make sense at all?
-You've hanged banners
-You've branded your shop
-You've printed flyers.
- You're even preparing to go to the radio station for jingle.

Yet, your business isn't registered? Does it make sense at all?
Leave the fact that I'm trying to sell to you. This is the first
thing you are supposed to do before even starting that
business.
Yes, I know you're also scared of registering your business Name because of the tax, and annual returns you'll be paying
once you get your business registered.

But the facts are, your thinking is not 100% correct. I agree
that these billings are there, but not the way you're seeing it.
The truth is, with the right information, you won't default, and
there won't be any need to pay any ridiculous amount of money as default penalties.

Where the problem lays is that you've been fed with wrong
information as regard CAC business registration, and you
have taken it to be so true.
You see, no matter the falsehoods/fear you've hold up in your heart. You sure need this thing called CAC business certificate someday.

-Be it as an individual that run a small business.

-Be it as someone who want to start a full blown company.

-Be it as someone that want to run a charitable organization.

You sure need it. If not today, but in the coming days.

In this post, I won't tell you to come register your business,
but I am sure the message has reached you.
Remember, "Whosoever that knows the right thing to do and
does not do it, for him it is sin."
You gat questions for me?
Use the comment box, and I'll give you my best, refined, and
professionally advice.
MORE WINS!!!

OR connect with us easily on WhatsApp @
SAMWISE CONSULTS
+2349035595423.

When I tell people to register their business they always ask me why?

So am dedicating today’s content to answering that question.

Alot of people may think that their business is small now and so they don’t necessarily need to register it, especially small starters like;

- Hairdressing salon
- Barbing salon
- Foodstuff shop
- Pure-water business.
- Boutique
- Shawarma/Bole spot
- mama put
- (Add the kind of business you do)
-Business Centre and digital services.
-Restaurant shop etc...


But note these five things;


1. If you are building a business you want to continue even after you’re gone

2. If you want easy access to loans and grants, from government, banks and angel investors.

3. If you hope to manage your business finances well.

4. If you hope to get the protection of a limited liability.

5. If you see your business in an international level 5-7 years from now

Then registering your business is the way forward.

Everyone is permitted to start small, but the choice to remain small or expand is solely in your hands.

Take the bold step of registering your business today, because it is the first step to making it big.

Remember am only a DM away. And am expecting your swift response.

Call | Text | Flash | WhatsApp & I'll serve you accurately and efficiently.

09035595423

This is 100% Handmade footwear's for males and females with different designs and diverse colors, leather quality and materials.

We customize
We design
We produce
Brand new shoes,slippers, palm sandals, half shoes etc.

Location: Edinburgh Off Ziks Avenue, Enugu.

Full descriptions:
√ Men's/female designer formal palm slide/Cross slippers.

√ 100% Leather, some with shaft.

√ Very Classic Luxurious footwear.

√ High Quality Material (Nora,Maco,2,4mm,welt, leather, landing etc)

√ Lace up design, strap, buckle, slip-on etc.

√ Extremely comfortable and casual.

√ foot Sizes ranges from 40-46...

√ Foot friendly, light and easy to wear.
√ Good for outings, hangouts and dates, occasions, ceremonies etc.

We run delivery services for customers outside Enugu.

Call/Text/WhatsApp on
09035595423

Since it is my Birth month, I have decided to get businesses registered for quite an affordable price for the whole May.

Why pay N30,000, N25,000, N21,000 for Business Name when you can get it done with just N18,000 and save more MONEY to run your BUSINESS.

Why pay N70,000, N65,000, N60,000, for Company registration when you can get it done for N55,000(1m shares)

CAC business Name Registration can never be undermine for it is a bug doorway to a lot of business opportunities.

I'm a DM away!
Hire me today, let's get that your business
•Legalized
•Certified; And
•Duly Registered

You can call or send a text on WhatsApp at
SAMWISE CONSULTS
09035595423
Your sincerely,
CAC Service Provider.

Since it is my Birth month, I have decided to get businesses registered for quite an affordable price for the whole May.

Why pay N30,000, N25,000, N21,000 for Business Name when you can get it done with just N18,000 and save more MONEY to run your BUSINESS.

Why pay N70,000, N65,000, N60,000, for Company registration when you can get it done for N55,000(1m shares)

CAC business Name Registration can never be undermine for it is a bug doorway to a lot of business opportunities.

I'm a DM away!
Hire me today, let's get that your business
•Legalized
•Certified; And
•Duly Registered

You can call or send a text on WhatsApp at 09035595423

Register your business name, partnership, Company, NGO, School, Church, Union/Association registration now before someone else pick up the name you have in mind and many of you have been using it to operate for many years.

Today is 18th and for the remaining days in "MAY" which is my birth month, I have decided to register for business owners, school owners, Church owners, NGOs their:
1. Businesses
2. Schools
3. Churches
4 Foundation.

At a very affordable price.

•For business Name,
~N18,000.

•For Business Name Partnership
~N31,000.

•For upgrade from Business name to Company
~N60,000.

•For Company Registration
~N55,000.

•For NGOs, Churches, Schools, Associations etc.
~N130,000.
.........................................
Below are various samples of our work.
........................................
CALL OR WhatsApp
09035595423
........................................
DISTANCE IS NOT A BARRIER FOR SERVICE DELIVERY.

Many business owners and entrepreneurs are asking, what are the very advantages of a business Name over a Company?

Advantages of Business Name:

Below are the advantages of Business name over a Limited Liability Company in Nigeria:

Business name requires little capital

Business name is easy to register

Business name requires less formalities

A sole person can register a Business name

Profit of the business is solely owned by the owner

Tax liability in Business name is minimal

Decision making is easier with Business name. ie No need for board resolution or annual meetings.

Level of ownership, shareholding, investment and interest are not publicly recorded

Easy conversion process. i.e a business name can be converted to a limited liability company, in the event the business expands rapidly.

Keep in mind that a business name can be converted to a Limited Liability Company, whereas a limited liability company cannot be converted to a business name. A business name can be converted to a limited liability company in the event the business expands rapidly.

This article is focused on business name registration in Nigeria. The steps and procedures are similar to registration of Limited Liability Company or an incorporated trustee except for some additional information and document of others in the proposed company and difference in fees to be paid.

Business Registration In Nigeria

As an investor or entrepreneur, business name registration is one of the essential requirements for starting a business.

There are so many benefits you will get from your business registration. If you haven’t registered your business, please start making the necessary steps to register your business.

Business registration is not that difficult as you will see in this article. A long time ago, in order to register your business online in Nigeria, you will have to go through a lawyer or an accountant and it could take a very long time, but today you can register your business online at the comfort of your home, with your laptop and internet connection.

The entire process should ideally take about 1 week, depending on the workload of the CAC at the time.

DM us today! Let us deal with your business name registration like professionals that we are
Call/Chat/Text/WhatsApp
09035595423

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…

Yours Sincerely,
CAC service provider
Idoko Samuel.

QUESTION: Okay! Now i am choosing carefully who i want as my director. I have just cancelled PASUMA as one of my directors because i like his music but i am not sure we can do business together and i cant pay all these money to CAC in future. I think i will use my dear wife and Dangote only. What else do i need again?

ANSWER: The full names, ages, year of birth and residential addresses of all the directors must be supplied for filling the registration form and filing to CAC.

QUESTION: But one of the Directors lives in Iraq and the other one in Afghanistan? Can they also be directors too and their addresses be in Baghdad and Kabul?

ANSWER: Of course, as long as one of the directors lives in Nigeria with his residential address listed as a Nigerian Address. But for the sake of clarity and unnecessary Queries, all the directors should just adopt a Nigerian Address to save time and stress at the CAC.

QUESTION: Why do they want to know my age and date of Birth? Do they want to use it for witch craft?

ANSWER: No, its used to determine who is a minor and who is an Adult as directors (Its confidential)

QUESTION: Okay! I feel safe now! You know Naija Pipo and their Juju Mind . Anyways whats next?

ANSWER: You have to supply the registered Proposed Address of the head office of the company

QUESTION: Haba Lawyer! I don't have the money to rent another shop or office space. My landlord is already disturbing me for this years rent in my apartment, talk less of getting an office space in Ikoyi. We can only do that in future when money begins to flow. What can we do abeg?

ANSWER: This is not a problem per se. You can use your apartment or a known place that you feel comfortable with as your office address and contact address and register that address at the CAC as the contact address for now. No body is going to disturb you but if in future you move to a bigger and better place, you will have to notify the CAC for a change of address by purchasing and completing its application forms, Purchasing the change of address form, write an application for change of address, show evidence of the payment of Annual returns till date and pay the filing fees for change of address.


QUESTION: okay what next! CAC WAHALA too much o if you default in anything!

ANSWER: You and all the directors will have to sign all the filing forms and memorandum of association before filing for stamping and verification.

QUESTION: Which one is Memorandum of Association again? Haba


ANSWER: A Memorandum of Association in a very simplified term means is a document that states all the kinds of businesses that you are permitted and entitled to operate and run by the CAC. It provides for the kinds of things you will like to do as a business. These things permitted for you to do as a business by the CAC are called "OBJECTS OF A COMPANY" and it also provides for the name of the proposed company and its head office.

For example, If you are interested in starting your own traveling agency and you have always nursed the idea of being a successful travel agent, an example of one the objects in the Memorandum of association could look like this:

(1) To carry on the business of Travels and Tours in all its ramifications, Airline ticket agents, Travel agents and advisors, Tourism agents.

If you have always nursed the idea of going into hotel hospitality, entertainment and lifestyle,an example of an object in the Memorandum of Association relating to the hospitality business could look like this:

(2) To carry on the business of hotel, restaurant, tavern, bar house and lodgings house keepers, wine, beer and spirit merchants, drinking parlor and nightclub operators, to organize carnivals and any branch or subsidiary businesses commonly carried on or connected therewith


The aim of the object is to try as much as possible to include everything that would relate and are in common with that kind of business so that in case one part of the business fails financially, you can also switch to another branch of that department and you wont be penalized by the CAC in case you do a business outside the scope of the objects of the memorandum of association.

QUESTION: What do you mean by being penalized by doing a business outside the scope of the Objects of the Memorandum of my Business?

ANSWER: Simple, if your object of the company only gives you the authority to go into computer sales and maintainability, hospitality business, fashion designing and oil and gas alone and tomorrow you decide to venture into Forex trading and you intend to use that same company Memorandum to chase contracts or clients or present it to a big corporation as your company profile, upon search and Investigation, if it is discovered that you do not have the right to pursue that kind of business with that same company memorandum, you could be heavily fined by the CAC or liquidated and in some instances, criminal charges could be brought against you for falsification and impersonation. Generally it is a major weapon the CAC uses to deal with erring companies who run afoul of its rules. So the best way out of this is to instruct your solicitor on what you specifically want to do as a business and the likely things you want him to add to cover future lapses or surprises.

QUESTION: Okay i get the scenario but how would i know the kind of objects or businesses that are permitted by the CAC that falls within the 1 million shares and not run into their trouble tomorrow?

ANSWER: This is a very wide question but i can list some kinds of businesses that can be done simply with 1 million shares and can be included as its objects without any wahala. They include;

1. Hospitality, entertainment, fashion etc

2. Computer related business (Except as a consultant)

3. Oil and Gas

4. Farming and Agro Allied businesses

5. General Contractors, importers and exporters

6. Transportation, Transport sales and shipping agents

7. Manufacturers and Producers (But sometimes you need a certificate of proficiency here)
etc

There are so many and its left for your solicitor to advise you on which one is appropriate for you to do cheaply and without certificates of proficiencies


QUESTION: Slow down lawyer, which one is Certificate of Proficiency again? I thought everything can go through easily and i noticed you said i cannot go into the computer business as a consultant. Why is this so?

ANSWER: Before you register a company that requires a lot of technical and financial input, the CAC has devised a new means of screening out touts and quacks from proclaiming to be masters in a certain field that requires extreme expertise. E.g while everyone can go into the business of computers easily, for you to be a consultant to represent to people that you can act as a computer consultant, you must have a MBA degree granting you the opportunity to consult. I know this rule is not fair but that is the rule.

Likewise for people that want to go into financial marketing, they must show their degrees and masters’ degree to show that they are well grounded in the art of financial wheeling and dealing. Sometimes the CAC also looks at the number of years of experience the person has before they grant that company to be registered. In short there are so many businesses that the CAC would frown upon that would not succeed in being registered until there is a certificate of proficiency and its left for your solicitor to advise you accordingly to avoid grave embarrassment and extra registration expenses.

QUESTION: But my brother wants to go into FOREX TRADING and wants to register his company, Forex is done Online so would he need a degree too?

ANSWER: In fact those that want to register a Forex company have a much bigger wahala to face at the CAC than most companies because they treat it as a bureau d' change and you are required to have licenses from the CAC and a minimum share capital of not 1 million shares but N40 Million shares.

Others include:

1. Issuing Houses: 150 MILLION

2. Stock Exchange: 500 million

3. Private Sector Pension Fund Managers: N50 MILLION

4. Travel Agencies: 2 million

5. Guard/Security Companies: 2 million

6. Registrars: N50 MILLION
And a host of others i can't remember off hand now. So you have to consult your solicitor to give you a clearer view of what falls within your share capital and what certificate of proficiency you need. Also for every extra Million shares, you pay an Extra N10,000 to the CAC. So if your business is to open a Pension fund Management, apart from the regular CAC filing fees from CAC, you will now pay an extra N10,000 for every other 1 million so if its 50 million shares, you have to pay the regular 1 million shares fees but an extra N10,000 For every other 1 million which is equals to N500,000 to register a Private Pension Fund Management.

You now see why the CAC is one of the richest Organizations in Nigeria? lol


QUESTION: Okay i think i get the whole scope of company registration and its dos and donts, but how much does it cost and what do i need?

Answer; On this note, i will shut my mouth up and keep that secret because if i state the exact fees, i expect a barage of lawyers to kill me for spoiling business but i can confidently tell you this, it depends on the lawyer and how he bonds with you with his legal fees but not filing fees but the CAC filing fees fluctuates every now and then, so you cannot put a specific price on it.

Last year i once advertised that the cost of doing it was N45,000 plus legal fees to assist nairalanders and 5 weeks later i was forced to pull it out because of the sharp increase from the CAC and i was struggling to reconcile the prices i quoted on nairaland for nairalanders and what the CAC charged and i had to use a lot of out of pocket expenses to complete the job since i was the one who blatantly quoted an old fee, so i would still prefer that to be a private thing via email to tell you the price.

QUESTION: So are you telling me that once a fee has been agreed, the next thing is that you will register it today and tomorrow my certificate will be ready abi?


ANSWER: I wish it was that easy but the people at the CAC are from another planet entirely. Normally it starts with paying for the name search which should ordinarily take 1-3 days to be ready but now it can take as long as 30 days for your name to come out. It is not fixed from their side, so you have to put it in prayers. After That, the memorandum of association would be drafted to include all the objects, the directors, share capital and all the information needed and you the directors have to sign each of the forms and memorandums personally with your own signatures because they verify signatures and exclude signatures that do not correspond, after that it is presented for stamp duty and filing of your tax returns for the new company and that takes another 1 week and it is now ready for inspection and verification to see if you have the requisite knowledge, expertise and education to pursue that particular business.

If they see any clerical error or one object has been smuggled in without following due process, the memorandum will be discarded and you have to start all over again to get it right and you spend more money trying to recover from the mistakes. If it sucessfully passes the scrutiny of the egg heads during verification, you paid the final fees immediately for filing and stamping and you now have to wait for the CAC to remember to print your certificate on time and the certified True copy. So we are looking at 3 months to 4 maximum

QUESTION: What is the certified True copy? I thought it was only a certificate you get?

ANSWER: Your quite correct, your only entitled to a certificate, but lawyers have found a way to beat the system on behalf of the clients and it works for the CAC too. A certified True Copy also know as a (C.T.C) is a copy of the memorandum of association that has been verified and stamped as an exact true copy of the memorandum of association in CAC's possession and file. Normally, the solicitor is supposed to only prepare 2 copies of the memorandum of association because one goes to the Federal Inland Revenue department and the other one goes to CAC and you are left with no copy but with that CTC, you have a copy of the memorandum that has been duly stamped and certified as a true copy from the CAC.

The advantage of this is that with this CTC you can present it to any company to inspect its objects for business, to help you conduct businesses with banks, tender it for auctions or government contracts etc when these big corporate institutions need them. If you dont have a CTC, you will force the company to go and do a search for that company at the CAC to obtain the CTC and inspect the directors and Objects and share capital and you will be billed for that search by the corporation. So imagine how many times you will be shelling out money for company searches? Now the truth is that a CTC is not compulsory or mandatory but common sense dictates that you MUST have it to protect your interest and future because of the above named Hazards. But to obtain it is at a cost to the CAC but it is quite affordable. The disadvantages for not getting it includes the following:

1. If you now want to obtain it after your company has been registered, you have to show your tax clearance, your anual returns, write a letter to the director general of the CAC why you need it, purchase application forms and pay the filing fees for the new CTC which is double the price compared to when you ought to have gotten it cheap during registration and avoiding the hassles involved. This is where CAC makes money because they know you will come back someday for it. So be wise and obtain that copy. Its for your own good!


You can reach me on Facebook with the name
Idoko Samuel
Or Call/Text/WhatsApp @
+2349035595423

QUESTION: How long is a name search supposed to take?

ANSWER: In a dream world in the CAC is supposed to take 3-7 days for the name to be approved but in the realworld of the bureaucrats at the CAC, it could take up to 1 month (Dont ask me why, ask the Director General of the CAC)

QUESTION: I have a business name that i registered in 1993 called HOLY GHOST FIRE PURSUE THEM VENTURES and i want to upgrade it to a company, what can i do? I like that name and i cant think of any other Unique name but only this one?

ANSWER: No problem, all you need to do is attach the business name certificate of Holy ghost fire Pursue them ventures with the search for name form and ask the CAC to upgrade it to Holy Ghost fire Pursue them Nigeria limited

QUESTION: I live in Manchester U.K and i have a company or business name called I DISLIKE LABOUR PARTY LIMITED and i want to operate a company in Nigeria using this same name and certificate, can i use them without registering it in Nigeria or what are the Alternatives?

ANSWER: No you cant use I DISLIKE LABOUR PARTY LIMITED U.k To establish a business here with that same certificate. You must register a new company name to reflect that it is in Nigeria it was registered

QUESTION: But i can see that Microsoft is in the U.S and U.K and also in Nigeria? Isnt it the same name they are all using?

ANSWER: No it isnt. Microsoft Ltd U.K was registered in U.K and Microsoft Nigeria Limited was registered in Nigeria. All they did was join the business name certificate of the U.S or U.K branch and attached with with the search form and wrote an application letter asking for the same name to be registered as a branch of a global company using the same name.

QUESTION: Must every company end as Nigeria Limited?

ANSWER: No! Nigeria is not a must but the word LIMITED is a must and not an abbreviated form as LTD. But in most situations, most companies try to add the Nigeria Limited to aid their chances of registering a Unique Name that would avoid a query


QUESTION: What if my unique names are not chosen, what happens?

ANSWER: You have to have to start the whole Process again and pay new fees to the CAC for the search of a new name to be provided by you again. The CAC can reject your names a million times and a million times you pay to conduct a name search again and another extra 2 weeks to get the name out. It could be very frustrating, so pick unique names to save time and money


QUESTION: My Chosen unique company name "I HATE ABACHA NIGERIA LIMITED" was chosen and selected by the CAC but i fell sick for a while and couldnt sign the forms or continue the registration for some time what can i do?

ANSWER; Normally, once the name has been chosen, you have within 60 days to complete the whole registration process of filing and filing out forms but if after 60 days, you fail to continue the registration, you can re-apply for a new name search form to use "I HATE ABACHA NIGERIA LIMITED" again by attaching the first approved search form that approved "I HATE ABACHA NIGERIA LIMITED" with the new form. It is called Revalidation and it takes 2 weeks for CAC to accept that name and allow you to continue that registration with that name for the next 60 days but as usual it costs money as a late penalty fee for filing out of time

QUESTION: Once "I HATE ABACHA NIGERIA LIMITED" Has been chosen, can my friend or anyother person in Nigeria use that name as a business name?

ANSWER: Never! Except you have run afoul with some rules of the CAC by refusing to pay your annual returns (I will come to that later) or the company has ceased to exist


QUESTION: Okay! I understand what the search for name is all about and why i should choose 3 unique names! So what is next after the name selection?

ANSWER: The next thing is to choose your Directors wisely

QUESTION: What do you mean by choosing your directors wisely? If i get you correctly, you said earlier on that between 2-50 can register a company and if my 15 year old child wants to be a director, he can be a director as long as 2 or more adults above 18 are directors. So whats the choose wisely talk again?

ANSWER: It means most people choose directors based on sentiments. Just because they want want to keep it as a closely knitted company where they can control all the shares, they choose wrong people. Some choose fiancées, uncles, step brothers, best friends and a host of people that they are sentimentally attached to at first but later on when the complexities of the business begins to take its toll, they begin to regret why they chose that party to be a director. Being a director of a company is a very very powerful position and no matter how small that director is in terms of the number of shares he or she is holding in that company, the person can do and undo. You cannot wake up one morning and decide that a director who is a share holder should be removed as a director because the person is greedy, lazy, ineffectual or isn't contributing anything tangible and you cannot overpower that director and take over their shares arbitrarily overnight.

That director no matter how ineffectual or incompetent will always be entitled to the share profits or loss that accompany the business except you buy him out or he resigns and it has some very strict procedures to be followed before the director can be removed. What about having a fiance' you adore today as a director and tomorrow you hate his or her guts, whether you like it or not, you guys are still bound by that company shares until something drastic happens to terminate it. So that's why i say choose wisely.

QUESTION: Okay i get the picture. Actually i was dating this dragon lady 2 years ago and i hate her guts now and i don't want her as a director anymore and to make matters worse, the other director my best friend in University is one Bungling ineffective lazy soil and they are both weighing me down now. I have met other people who i can do business with and would love them to be directors in that company. How do i get rid of those Hacks and replace them with these Business Gurus?

ANSWER: You have to have meeting where the directors have agreed that one or more of them intends to resign. This is called a Special resolution meeting which must be drafted in a minutes form to submit to CAC. Also the Special resolution meeting would approve the appointment of the new director or directors which has to be signed by a Director and Secretary of the company to show that one director has been effectively removed and a new one replaced. Also a new filing registration of a particular form called Form C07 which is a change of directors form has to be purchased and filled and submitted to the CAC to ratify the changes. Also a letter showing that the new directors have consented to become new directors. Payment of the filing fees and the letters of resignation of the former directors with their signature.

Because a new director has been brought in, the share structure must reflect the new changes in favour of the new director, a special resolution meeting signed by at least 2 directors, payment of the filing fee for filing a new change of share structure which is called Form C02 AND THE PAYMENT OF ANNUAL RETURNS and because the new directors have to be reflected in the memorandum and Articles of Association, you have to have a special resolution meeting signed by a director and secretary to be filed within 28 days from the date of the resolution, paying filing fees again, re stamping of the Altered Memorandum at the Federal Inland Revenue Service and show evidence of up to date payment of your Annual Returns.

Now tell me whether all these unnecessary hassles are necessary? The amount of money you will spend will even surpass the original registration fees just to change a director that you sentimentally chose at the beginning who is now a torn in the flesh for your company. In fact CAC will be praying for you to choose Incompetent hacks that you will hate in future so as to bring more money for them. So choose wisely once again your directors.

Frequently Asked Questions: Company Registration All you need to know:


So this is a new Company registration Bible for all of you and i have compiled all your possible questions and will answer all of them in a simple format from A-Z.
QUESTION: what is the minimum amount of shares to be registered that is extremely popular?

ANSWER: 1 Million shares

QUESTION: How many people can share that 1 Million shares in that company?:

ANSWER: 2-50 people

QUESTION: What do shares mean and precisely what does 1 million shares mean to me?

ANSWER: Shares mean the amount of rights you own in a company usually calculated in money terms. E.g if a company is said to worth 1 million shares and you have 300,000 shares out of that 1 Million shares, automatically you own 30% of that company. So when there is a profit, you get 30% of that profit and if there is a loss, you get 30% of the losses.

QUESTION: Why do people register 1 million shares? Why cant it be higher or lower?

ANSWER: Because it is easier to calculate and round up to 100%. If you register any thing lesser than 1 million shares, you still pay the price for 1 million shares and you might have to upgrade to a million or more shares in future that means paying more money for what you could have done easily today.

QUESTION: How many people can form a company and what’s the popular choices?

ANSWER: 2 or more but not less than 2 people unless it becomes a sole proprietorship or one man business.

QUESTION: These 2 or more people that form companies are called what?

ANSWER: Directors

QUESTION: Can anyone be a director?

ANSWER: NO? People of unsound mind, people declared bankrupt and Minors cannot be a director (Minors are people under 18 years)

QUESTION: But i have a 15 year old financial whiz kid that i want to form a company with. Why cant he be a director?

ANSWER: The minor can be a director in the company as long as there are 2 other Adults listed as Directors in the company e.g Daddy, Mummy and Child but not Daddy and Child alone (So 2 or more adults and Minors can follow)

QUESTION: If i am forming a 1 Million share company, does that mean that i have to have 1 Million Naira to start a company to reflect the share structure?

ANSWER: No! You don't have to have a dime but it is generally assumed that you should have at least 25% of the capital to start the business to procure furniture, pay rent, utilities etc.

QUESTION: what then does the 1 Million shares truly worth in my company?

ANSWER: It simply means the value of how profitable and powerful the company is worth. E.g Take Nairaland for example, if Seun Registered Nairaland Nigeria Limited in 2001 for one million shares and started nairaland with just 7 members, the company then, would have been worth that 1 million shares because it is growing and anyone that wanted to buy it wouldn't have valued it beyond 1 Million Naira, but as per today that it has over 200,000 members with a lot of potentials, any one that wants to be a share holder would never value it at 1 million shares but probably 100 million shares at N1 PER SHARE and if N1 PER SHARE was equivalent to 1 Million shares and seun had 50% shares which is equals to 500,000 shares in 2001 now for you to buy a share in his company that is now worth 100 million shares, it will no longer be N1 per share but N10 per share because the company has appreciated in value over the years

QUESTION: OK! I want to form my company, what are the basic things i need to do immediately first?

ANSWER: Choose 3 Unique names for the corporate Affairs commission to choose one during the search for name

QUESTION: Whoa! Slow down! Your confusing me! What is Corporate Affairs Commission, why choose 3 names and what is search for name?

ANSWER: Corporate Affairs Commission is the body responsible for the registration of companies in Nigeria and it is usually known as the CAC as its short form. Just like NAFDAC is responsible for drugs and EFCC is responsible for financial crimes, the CAC is responsible for registration of all companies.

Also, before you start to even register a company, you have to have an idea of what your company will be called. E.g Dangote Nig Ltd or Coca-Cola Nigeria ltd are just example of names of registered companies to do business in Nigeria. If you dont have a name, then you cant have a company, but because there are over millions and millions of registered companies in Nigeria today, it is extremely difficult to find a name that is not already in existence that is why you must choose 3 names that are unique and the CAC will choose one out of the 3

QUESTION: okay i have one name, Kelechi and Bros Nigeria ltd and i like that name so badly, what can i do to have that name?

ANSWER: Absolutely nothing because if someone in Jigawa state in 1995 has registered Kelechi and Co Nigeria Ltd (Remember that this one is not Kelechi and Bros but Kelechi and Co), CAC will reject that name and query it because it sounds too similar to Kelechi and Co and someone somewhere in Ebonyi State has registered that exact name Kelechi and Bros Nigeria Ltd. That is why you have to be unique in choosing a name for search purposes

Dear business owners, Entrepreneurs
Even as we have walked away from 2021. Think of these 5 things you can do for your business and brand.

1. Register it with CAC,
2. Certify it with CAC,
3. Legalized it with CAC,
4. Formalize it with CAC and;
5. Scale up with trust and credibility.

Branding will become useless.
CEO is just a name tag. Advertisements are senseless without legitimacy.
Do this one thing even as you round off this year.

Take the bold step and get that your business duly registered as a legal entity that operates with full rights.
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@ +2349035595423
Let us serve you professionally today!

[color=#000000][/color]What is CAC?

CAC simply means Corporate Affairs Commission. It was established by the Federal Government in 1990.

In Nigeria as a country, the CAC is an autonomous body, a governmental agency that is charged with the sole responsibility of regulating the formation, registration and management of business names, companies and incorporated trustees in Nigeria.

The duty of the commission is to formalize, legalize, certify and register businesses in Nigeria.

The Agenda of CAC in Nigeria as an autonomous body:

Their services include :
1. Registration of Business Names for Entrepreneurs and Business owners.
2. Registration of Companies( private & public LLC, LTD)
3. Registration of IncorporatedTrustees(Churches, NGO's, Union, Clubs, Association)

4. Filling of Annual Returns.
5. Post incorporation services like change of name, director, shareholders, address etc.

And lots more...

Now as a business owner, sole proprietor or an entrepreneur in the business world. When your business is not registered, CAC will not sue you, drag you to court or disturb you in any way. However, you are at risk to losing your business name which you spent a lot of time, money, effort and resources to build to another person who registers it with the CAC.

This is one of the main reason you need to consider getting your business name certified and duly registered....
Hope you got a concrete knowledge from this write up. If you have any questions regarding this post, do well to send in a comment using the comment section. OR you can connect with us on WhatsApp @
SAMWISE CONSULTS
+2349035595423.