Starting up your personal business is a wonderful achievement. It is expected that you should have researched on your product, the market, your consumers and the risk associated with the business.
Having done the above, before take off of the said business, it is important you register the business.
In Nigeria the approved body responsible for registration of business name, company, non-governmental organization is the Corporate Affairs Commission.
To successfully go through the registration process free from stress you need a lawyer’s services. Otherwise, you run a risk of starting the process on your own and getting stuck when you do it alone.
Not registering you business name before you commence the business, you will be unable to open a corporate account with the bank of your choice as you will be asked to produce your registration documents.
When you decide to commence the registration afterwards, you stand the risk of not having that name you have been trading with available in the future when a search is done.
Please get a lawyer at the earliest time and save yourself the stress of pre and post incorporation matters of your business name, Company and NGO with Corporate Affairs Commission.
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