HOW TO REGISTER BUSINESS NAME
Business name registration:
Do you know that having a registered Business/Company name gives your business an edge and competitive advantage over others most especially when you approach clients or bid for contracts? Operating with a registered business/ Company name makes you feel more responsible and helps in branding what you do. Thus, it gives your customers the confidence to trust and to do a long term business with you.
We have high level of expertise with CAC procedures and how to get your Certificate of Incorporation on time. Patronize us today let’s help register your:
(a) Business Name Registration
(b) Private Limited Company (LTD)
business name registration: We are registered Company and our services covers the registration of Business and Company names to prospective and potential clients that want to carryout legitimates services delivering to the general public. Our records and expertise in Business Registration speaks more on us in what we do as a business entity. With us you can get your Business/Company Name registered without passing through the hurdles of CAC processes. We handle the of stress of Corporate Affairs Commission processes and while you relax. Here in Nacuneo Concept Services, we derived Pride in Serving you better.
We can give you what you what for your business
There is often a lot of confusion surrounding business name registration. What is it? Do I need to register?
What is a Business/Company name?
A Business name is any name in which a business (operated by either an individual or entity) chooses to operate under. Business names were once referred to as ‘trading names’. All names for a business that are not identically matched to the sole trader, partnership or company name (in their entirety) must be registered with CAC.
The value of business names should not be overlooked. Often times a company’s name may not accurately reflect the actual nature of your business. Perhaps the broad range of services your company offers could not be captured in the one name? On the other hand, maybe your company’s name is far too long and you have a catchy business name that would be more appropriate.
Clear advantages exist to registering a business, but in some cases registration is required for tax purposes or to be legally allowed to operate. If it is not a requirement in your state, you will still want to consider the advantages and determine if registration makes sense in your circumstances
Legal Liability Protection
One of the benefits of registration is receiving some legal liability protection. If you incorporate, you will not be held personally responsible for certain accidents and other liabilities. Thus, you may find it easier to obtain business insurance, or attract investors, since they will know you are not personally responsible for the company’s well-being.
Shareholder control – the Companies Act allows a good degree of shareholder control through the power of the shareholder to vote on certain decisions, such as removing directors. The shareholder can control the company without the need to be involved with the day-to-day business.
Establishing Business Bank Accounts
You need to provide proof that your business is properly registered with the state to open a business bank account. A business bank account is an important asset to a small business because you can separate your personal activities from your business activities. It is also more professional to give your clients a business name for payment instead of your own full name.
You get loans faster once your company is legally registered. When you apply for small business loans, you’re going to have to prove that you’re actually a business. Lenders and investors will ask to see your business registration along with other application requirements before approving you for a loan. If you apply for a credit card as a business, creditors may also ask to see your registration paperwork.
Reputation with Customers
Using a registered name in transacting business builds great reputation. Building reputation especially from customers and clients you’ve never done business before is very difficult. Registering your business gives your potential customers confidence that they are dealing with a reputable organization. If your business is online based and you have the option of customers paying to your company account before you can ship the goods or services, having a registered business together with a corporate account give more credibility and trust.
Certificate of Incorporation
You will be issued certificate of incorporation by the appropriate government agency. In Nigeria the Federal Government of Nigeria issues through Corporate Affairs Commission (CAC), government agency empowered to register companies and issue certificates.
A final benefit of registration is the business continuing even if you die or become ill. A registered business is an entity in its own right; thus, another can assume ownership or control or your business can be sold. A company will usually survive changes of ownership, and will continue to exist until it is removed from the company register. A partnership often ends on retirement or death of a partner.