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
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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