LEGAL TIPS ON WHY YOU SHOULD REGISTER YOUR BUSINESS WITH CORPORATE AFFAIRS COMMISSION IN NIGERIA (CAC).

The benefits of registering your business with Corporate Affairs Commission (CAC) are enormous but will here are a few reasons why you should not hesitate your register your business with CAC.

1. You can easily obtain a visa and travel to any country for business purposes.
2. It helps your business remain relevant on the record of the corporate affairs commission.
3. It gives your potential customers confidence that they are dealing with a reputable business.
4. It gives the business owner an edge over other businesses that have not been registered and many others.
5. Also, it is easier to secure loans from banks with a registered business, compared to a personal loan application. Funding is critical in any business; and when it becomes necessary to source it externally, especially from banks, your legal business documents facilitate the process. This is because your company is seen as a legal entity and it can be tracked and accounted for. This gives credibility and trust and ensures confidence.
6. When a business is registered with CAC, it gives the owner the monopoly of usage of such name as no any other entity will be allowed and recognise to operate under the business name already registered with CAC.

BONUS TIP: Do you know that you are mandated by law to register your business within 28 days from the date of commencement of operations? failure to do so will attract penalties and sanctions once discovered by CAC.

So do not hesitate to register your business.

For more Legal tips, consult a Lawyer or visit https://www.pdpiusandassociates.com

P.D. Pius Esq.
+234 803 894 4639