Registration of Business Name in Nigeria

Registration of Business Name – Essentials

× A firm, individual or corporation seeking to be registered, must within 28 days of commencement of business, submit to the CAC a statement in the prescribed form; containing the following particulars:

× the business name;

× the general nature of the business;

× full postal address of the principal place of business;

× if the registration is that of a firm it must state;

× the present forenames and surname, any former forenames or surnames, nationality of origin, age, sex, residence of the individuals who are partners; and

× the corporate name and registered office of such corporation which is a partner

× Two (2) copies each of certified passport photographs of an individual/s in a firm.

SEE Sections 657 (2),(3),(5) of C.A.M.A

Other Requirements

× Tax Clearance certificate of each individual or partners;

× Form CAC 1 (Availability of name form). This is to ensure that the name is available before the registration proper is commenced;

× In case of Professional Partnership, copies of the qualifying certificates must be presented to the Commissioner; and

× The requisite fee must be paid.

Distinguishing “company” and “business” Names

× A company name is a complete legal name of an entity.

× The incorporation of a company is mandatory.

× Registration of a business name is obligatory if any individual or partnership or anybody corporate carries on business under a name other than their own true names.

× Business owners are not afforded business name protection under current legislation.

× In summary, a company name is selected upon incorporation and creates a separate legal entity, distinct from its owners. Whereas a business name is selected when carrying on a business under a name other than the true owners name, no legal entity is created and there is no limitation on liability.

For more information on Business registration in Nigeria, Business documentation & licensing, patent issues & permit etc.
Visit us at: Pukka Logistics & Support Services Ltd.
73 Allen Avenue, Ikeja.
Call: 01-4549191; 08075686814; 08173598248
E-mail: info@pukkalogistics.com.ng or visit: www.pukkalogistics.com.ng

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