CAC: TIPS FOR BUSINESS OWNERS & ASPIRING ENTREPRENEURS

Benefits of registering your Business / Company with Corporate Affairs Commission (CAC) and other regulatory Agencies –

1. It gives you a brand name: Quickly register your preferred Business / Company name, to secure it before anyone else registers it. This is because CAC doesn’t register same or too similar name.

2. It builds your reputation with prospective Customers who want to engage registered businesses for services.

3. When you register your Company, you get legal liability protection; as you are a different entity from your company. That gives you protection against suit to the extent of the liability of the company.

4. Access to Loans and Grants: When your Company is registered, it places you at an advantage to access loans from banks, because they don’t see you as an individual but a corporate body and will be comfortable to do business with your Company.

5. Perpetuity: Your Business will last for a long time even at death or at sickness, your Partners / Directors continues.

6. It opens International business opportunities and enables you to easily obtain visa to any country for business transactions.

7: You will be issued certificate of incorporation by the Corporate Affairs Commission (CAC) and other regulatory Agencies / Commissions.

8. Another great benefit of registering your company name is to use it to open corporate account in your company name. Having corporate account gives you more credibility and trust from your customers, banks, suppliers and other business partners.