The Corporate Affairs Commission and its relations with business owners.

WHAT IS THE CAC??
The Corporate Affairs Commission (CAC) of Nigeria was established in 1990 vide Companies and Allied Matters Act no 1 (CAMA) 1990[1] as amended, now on Act cap C20 Laws of federation of Nigeria.[2] It is an autonomous body charged with the responsibility to regulate the formation and management of companies in Nigeria. It carry out its functions through accredited members of Association of National Accountants of Nigeria, Institute of Chartered Accountants of Nigeria, Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) and the Nigerian Bar Association (NBA). It is headed by a Registrar-General. Prior to the enactment of CAMA, these activities were carried on under the Companies Act 1968. (CA 1948).
The commission is made up of 10 members each representing the respective stakeholders, like the accountancy profession, the legal profession and the business community.


What are the benefits of CAC?


This is a question many business owners ask. In fact, a lot of entrepreneurs in Nigeria are yet to register their businesses with Corporate Affairs Commission. Normally, the first thing to do when you want to start a business in Nigeria is to register your business name with the Corporate Affairs Commission (CAC). This will help you discover if the name you have in mind is still available and not registered by someone else.Sometimes, most business owners build brands only to find out that someone else has the legal right to their ‘business name’. I believe this is not a pleasant experience when you consider the pain of building a brand.

Some people fail to register their business due to ignorance while some see it as a way to evade tax. You should know that the benefits of registering your business far outweigh any perceived disadvantage,
Benefits Of Registering Your Business With Corporate Affairs Commission (CAC):

  • You can open a corporate account with your registered business certificate.
  • Potential customers feel more comfortable paying into a corporate account because they know their money can be traced. And you can open a corporate account with any bank of your choice with a registered business.
  • You can apply for loans and grants when your business is registered.
  • When you register your business, customers trust you because they see you as legit and reliable.
  • Registering your business is the first step to getting your business structured. Without registering your business, you are running a glorified hobby.
  • A registered business can get interns from NYSC.
  • A registered business gives clients confidence that they are dealing with a reputable organization.
  • When your business is registered, even if you are dead or become incapacitated, your business continues especially when you have the right structure in place.
  • A registered business gets easy access to loans and boundless opportunities.
  • You have better access to investors with a registered business as investors look at the business structure first before investing.
  • With a registered business, you can easily obtain a visa and travel to any country for business purposes and conferences.

    Registering with GEEKSVILLAGE will give you peace of mind with a fast and relatable hotline were you can with ease reach out and feel secure, they are one of the best plugs out there when it comes to creating and expanding the outreach’s of your brand. with the fastest website servers stationed in the USA and UK digital speed and security is never an issue
    To register for CAC you will need to provide some basic details.
  1. Proposed name of the business : In this category there should be at least 2 names that come to mind so as not to conflict with a name already in use by another business, so your business name unanimous

2.business address (street, LGA, state)

  1. Business phone number
  2. Business email

B

  1. Your full name
  2. Phone number
  3. Email
  4. Residential address

C Nature of Businesses (what business you do)
1.
2.
3.
4.

Scanned copy of I’d card or voter card, passport or driving licence

Soft copy of your passport.

At geeksvillage you get the best, fast and reliable attention needed to speed up the registration process, cause we are driven at pleasing and making sure you get the best. We are located at Suite15b primal tek plaza, Agege, Lagos state. CAC registration in Nigeria has gotten more easy and smooth as now you can register with a business website creating company like geeksviilage, we have been vetted by the CAC to create and bring new clients who don’t have the luxury of going far and wide to register, which can be done simply from the comfort of your home. With prices that will knock your socks off.

To register with us all you need to do is go to https://geeksvillage.com/cac-registration.php , or you can call customer support at 08032345148 for more information. you can equally follow us on instagram :@Thegeeksvilage

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