THIS BOOK IS CREATED BY NAIJA JOBS Are you a graduate searching for a good/better place to work? http://www.naijajobshome.co.cc is the place you can find one. I am delighted to share with you the secrets of registering your business name with the Corporate Affairs Commission (C.A.C) in less than 21 days, without a lawyer and with less than N5,000. You will also learn how make money doing it for others. (if you desire). The Corporate Affairs Commission (C.A.C) is a body responsible for registering of businesses, established by the Companies and Allied Matters Act (CAMA) which was promulgated in 1900 to regulate the formation and management of companies in Nigeria. The establishment of the Corporate Affairs Commission (C.A.C) as an independent body was as a result of the perceived inefficient and ineffectiveness of the former company Registry, a department within the Federal Ministry of Commerce and Tourism which was then responsible for the registration and administration of the repealed companies Act of 1968. Therefore, if you want to register a business name, it can be done in either of two ways, one is to engage the service of a lawyer and it will be done for you with about 10-15 thousand naira, or two you do it by yourself, if you follow the secrets I will be sharing with you your success is rest assured. Happy reading. TO DO IT YOUSELF, Just walk into any branch office of C.A.C closest to you and make a request for your business name to be registered. Take a look at some of their offices. Please note that these addresses are correct at the time this report was written. The CAC can decided to move to another location if they wish to. LAGOS: IKEJA: Elephant cement House, Assbifi Road, Alausa Ikeja. MARINA: 9th Floor, UBA House, No. 57 Marina-Lagos Island. RIVERS: 112 Aba Road, P/Harcount, River State. OYO: Premium House, Jericho Road, Eleyele Ibadan, Oyo State. EDO: 55, Akpakava Street, Benin City, Edo State. ENUGU: 1 Temple Avenue, off Opera Way, Enugu. IMO: 7/9 Wetheral Road, Owerri, Imo State. BORNO: 25, Sir Kashim Ibrahim Way, Chari House, Maiduguri, Borno State. ADAMAWA: Galdima, Aminu Way, Jimeta-Yola, Adamawa State. BAUCHI: Ground Floor, Nicon House, No. 26, Ahmed Abdulkadirr Road, Bauchi State. AKWA IBOM: 131, Udo Umana Road, Upo-Akwa Ibom State. CROSS RIVER: 10, Calabar Road, Okoi Arikpo House, 3rd Floor, M/M Way by central bank. ONDO: 87, Alagbaka Quarters, Akure. DELTA: Along Anwai/lllah Okpanam Road, Opp. Ministry of Works, P.M.B 95095, Asava – Delta State. KWARA: Adama Sa’adu’s House, Ahmodu Bello Way, Ilorin, Kwara State. KANO: 52, Unity Road, Kano. PLATEAU: 21 Muritala Muhammed Way, Jos, Plateau State. SOKOTO: 3, Sultan Ibrahim Dasuki Road, Sokoto. BENUE: 37, Barracks Road, Majkurdi, Benue State. KADUNA: 22, Bida Road, National Bank Building, Kaduna. NOTE: Walk into the nearest branch to you and ask for name reservation form. It costs just Two hundred Naira only. You will be given a receipt and a form. On the form, you will be asked to fill in a few details. Detail like: Your Name, your Address, your Desired Business names. A space to fill the type of Business you want to register (choose enterprises/business name). You will be required to choose two business names. The reason is that if one is not available they can reserve the other for you. If none of them is available, you will need to do it all over again. You will have to pay the N200 again and you will have to wait for the result. The little problem with doing this yourself is that if you do not know the secrets of going about it, you will spend months trying to get your business name registered. HOW TO CHOOSE A NAME FOR YOUR BUSINESS What you need to do is to choose a name no one else would have chosen. Now, you have to be smart and ingenious about it. If you choose just any name, I can assure you some one has register it. Therefore, the name you choose must be genuinely created by you. Do not copy or twist any already existing names. Make sure your business name is unique. Think hard before you submit the name for screening. WHAT TO DO IF THE NAME SUBMITTED WERE TAKEN? You should be prepared so that when the result come out, you will be prepared to register immediately if your first choice of business name has been previously registered by someone else. 1. Prepare two passport photographs 2. A stapler 3. Detail of a partner (You cannot register alone add someone, anyone) 4. The partner’s photographs 5. Your Address (you can use your home address) 6. Telephone number (use GSM) 7. Local Government Area When name reservation results come out what people normally do is to start studying the new documents they are provided provided with it fill. therefore if you prepare early,. you will get your registration done once the result are out WHY BUSINESS NAME GET REJECTED? CAC requires that you state what your business is all about. You have to state at least one thing. The maximum is three. This is where a most people waste time, For example, lets say you are into information marketing and you filled in the form the following as business object. * Internet marketing * Information marketing * Direct marketing Your form will be rejected and it will have to be refilled and returned, a situation that will be repeated for many times if you do not know how to go about it. You have to be detailed on what your business is all about. LAID DOWN BUSINESS OBJECTS There are some kinds of laid down business object that are allowed for business name. It is up to you to find an object that best describe what your business is about. Here are the objects allowed by the CAC… Advertising/ public relations Agricultural produce Agricultural machines and allied products Alternative medical practice Aluminum manufacturing Architects/town planners Auto dealers Auto mechanics and rewiring services Auto spare parts dealers Bakery and fast foods Beautify industry (salon, pedic, manic, barbing etc) Bookshops/stationery stores Car washing services Carpentry/Woodworks Chattered secretaries Commission agents Computer training, sales and services Cosmetic manufacturers/dealers Daycare centre Dealers and distributors Electrical/electronics equipments dealers Entertainment industry/events managers Estate agency/maintenance Fashion Designers Fish farming/fisheries Food products and processing General construction (build/civil engr. contractors) General contracts General merchandise/ trading General tax consultants Guidance and counseling Gymnastics and stress management Horticulture/land scaping / equipment Hospitals/ clinics Hotels and hospitality industry Human resources manager Import and export of goods and services Interior and exterior decorations Internet service provider (cyber cafe) Jewelers Land and quantity surveyors Laundry and dry clean inning services Legal practice and consultancy Livestock management Management consultants Maternity homes Mechanics and weldering Medical and pharm. Products (manuf., sales and services) Medical services and laboratory Others Patient medicine store and chemist Petroleum product sales and distribution Pharmaceutical manufacture and services Photography and photo equipments Plastic manufacturing Poultry farming Printing and publishing Restaurants and catering services Road transportation Schools (nursery, primary and secondary schools) Supermarkets and departmental store Textile manufacturer and distributors Travel agents Veterinary clinic /services Waterworks and borehole drillers Most businesses will fall under one of these, if not, just use General Merchandise. Once you name reservation is out, speak to any officer in the CAC office. You will be given a file and some document to fill. In some CAC branches, they would have given you these form and file right from the first day you apply for name reservation. You can fill the form right away with your name, phone number, address including LGA, partners details, passport photographs (you will staple it and make sure you write your name behind the passport and sign there). After you have done filling the documents, you can then submit for what is called “verification” you just need to submit, it is no longer in your hands. Depending on the CAC branch you go to the verification time is vary. It is usually done within an hour so it is something you can wait for. You can ask them there, so they can tell you how long it will take. Maximum a day What they look for at the verification process are things like your objects, how you filled the form and so on. It you fill everything properly, your verification process will be a smooth, one time thing. Once you pass the verification process you will be required to pay your registration fees. As at the time of typing these, it cost N 4, 000 for your registration. You can ask for the current price. Right at there office, you will pay the fee and obtain a receipt you will submit your files and documents (because they will return it after the verification). You will be ask to come back in about one week for your certificate. ON COMPLETION You will be asked to sign. They will give you certificate as well as some other document you can keep. You will need such document like when you want to open company bank account. That is it. You can register as many as possible and you can even make money registering it for others for a fee of about N10,000 to N15,000 each depending on negotiation between your client and you. If you need further answer, ask them on our facebook page @ http://www.facebook.com/pages/Naija-Jobs/225135530830104 . Please note, we are not a CAC agent. Do you know you can start raking in N6000- N10000 monthly as a/an GRADUATE/UNDERGRADUATE? Visit http://bit.ly/modemunlocker for more info.
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