First Thing To Do Before Starting Your Business

Starting a business is cumbersome. The worries that comes with it is almost as stressful as procuring the list of the basic necessities needed to get started.  Nonetheless, here is the First Thing To Do Before Starting Your Business.

• Secure a Business Name 

With employment becoming the more stressful and less productive way to carry about one’s life, the option of starting and running owns business becomes the preferred option. Every would-be entrepreneur is fighting for the fewer and fewer available reasonable names.

Now, the problem is that you can’t really tell if the business name you’d want to use is already of use by someone else.

In order to avoid this confusion in the local business world, the Nigerian government created a body that legalizes businesses, companies and organizations. That way when you register a name, no other person can register using that same name. That business name becomes peculiar to you and your business alone. 

This legal body is called the Corporate Affairs Commission (CAC).

CAC is saddled the responsibility of registering and legalizing the millions of organizations and cooperations in Nigeria. In simpler words, if you want to do business in this country and or be taken seriously at it, you must be registered into the CAC Nigeria.

To get started, log on to their website to confirm the availability of your proposed name 

Once you confirm that, you now know if you can use that name or get another name

Here are some benefits of registering your business/company/organization with CAC

1. It secures your business name.
2. It helps you have access to loans and grants as a business owner.
3. It grants you the power of a limited liability as a company owner.
4. It gives you access to a corporate account.
5. It improves your reputation with foreign clients and investors.
6. And More. These are only a very few benefits.

Get started on this First Thing To Do Before Starting Your Business right now even if you are not ready.

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