Registering your business name with the Corporate Affairs Commission (CAC) is a crucial milestone in establishing your business, whether it’s a sole proprietorship or a partnership in Nigeria. A registered business name not only meets legal requirements but also helps build a strong brand identity. Here’s a simple guide to get you started:
1. Choose a Unique Business Name
First and foremost, ensure that your desired business name is unique and not already in use. You can check availability on the CAC website.
If your business has an online presence, check that a matching domain name (URL) is available. Having a domain name that matches your business name improves website traffic and search engine visibility, making it easier for customers to find you.
2. Understand the Registration Requirements
Before registering, gather all the necessary documents. The types of business structures you can register include:
- Business Name (for sole proprietorships or partnerships)
- Company Name (for limited liability companies)
- Trustees (for non-profit organizations)
For a Business Name Registration:
You’ll need:
- Two preferred names for your business
- Business address
- Residential address
- Nature of your business
- Identification (National ID, voter’s card, or driver’s license)
- Passport photograph
- Phone number
- Email address
You’ll receive a Certificate of Registration and a Certified Extract of Registration Information after completing the process.
For a Company Name Registration:
You’ll need:
- Two preferred names for your company
- Company address
- Nature of business
- Residential address
- Share allotment details
- Email address
- Phone number
- ID card of directors
- Signature of directors
For Incorporating Trustees:
You’ll need:
- Two preferred names for your organization
- Organization address
- Residential address
- Aim and objectives of the organization
- Phone number
- Email address
- Two passport photographs for each trustee board member
- ID card of trustees
- Signature of trustees
3. Protect Your Business Name
Registering your business name is just the beginning. To further protect your brand, consider trademarking your business name with the Nigerian Trademarks Registry. This prevents others from using your brand identity.
To trademark your business name:
- Ensure the name isn’t already trademarked by checking the Nigerian Trademarks Registry database.
- Prepare your application documents, including the logo (if applicable), name of the applicant, and a Power of Attorney if you’re using an agent.
- Submit your application.
- Wait for the registry to examine and approve your application.
- Once approved, your trademark will be published in the trademark journal, and you’ll receive your certificate.
Conclusion
Registering your business name is a key step in building a credible and legally recognized brand. It helps in managing your business operations under a registered name, earning customer trust, and enjoying legal protection.
