Benefits Of Business Registration


By EjikemeAugustine Eloka | Date: 07-05-2024 | CAC



Business registration is one of the important steps to take when you’re taking your business to the next level. If you’re thinking about getting your business registered with the Corporate Affairs Commission, you’re in the right place.


Are you thinking of owning a company or starting a business in Nigeria? Or perhaps you already have one? Obviously, it must have a name or you may be thinking of giving it one unique name.



You Might be asking your self the Benefits of Business Name Registration:


This is a question many business owners ask. In fact, a lot of entrepreneurs in Nigeria are yet to register their businesses with Corporate Affairs Commission.


Normally, the first thing to do when you want to start a business in Nigeria is to register your business name with the Corporate Affairs Commission (CAC). This will help you discover if the name you have in mind is still available and not registered by someone else.


Sometimes, most business owners build brands only to find out that someone else has the legal right to their ‘business name’.


I believe this is not a pleasant experience when you consider the pain of building a brand.


Some people fail to register their business due to ignorance while some see it as a way to evade tax. You should know that the benefits of registering your business far outweigh any perceived disadvantage.


The first way to get your company or business name recognized is by getting it registered.


Registering a company simply means telling the government that you exist, that your business name is yours and in so doing, you can then be regarded as a legal entity, this gives credibility to your company, enhance its visibility, and helps to boost its profile.


benefits of registering your business with the Corporate Affairs Commission (CAC) in Nigeria.


You can open a corporate account with any of the banks in Nigeria with your registered business certificate and business name.


Potential customers feel more comfortable paying into a corporate account because they know their money can be traced.


You get on records by registering your business name. no other person can register with that name again as it is yours already.


You can apply for loans and grants when your business is registered. A registered business gets easy access to loans and boundless opportunities.


When you register your business, customers trust you because they see you as legit and reliable. They know they are dealing with a reputable organization.


A registered business can employ full-time employees and pay them salaries and other benefits


Registering your business is the first step to getting your business structured. Without registering your business, you are running a glorified hobby.


A registered business can get interns from NYSC when corps members complete their orientation programs from various NYSC Camps.


When your business is registered, even if you are dead or become incapacitated, your business continues especially when you have the right structure in place.


You have better access to investors with a registered business as investors look at the business structure first before investing.


With a registered business, you can easily obtain a visa and travel to any country for business purposes and conferences.


Registering your company enhances the reputation and perception of your business to prospective clients.


Register your business at Eloson Technology Limited 13 Akala Street Kwale Delta State.

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