Nigerian Business Name Registration Service

With the expert team at SplashDict, CAC Business Name Registration process is quick, easy, and can be conducted entirely online in a few minutes.

SPLASHDICT

CAC Registration Support for Business Names

Our Business Name Registration service is designed for entrepreneurs looking to register a Sole Proprietorship or General Partnership.

If your business operates under a name different from your legal name, registering that business name with the Corporate Affairs Commission (CAC) is mandatory. This process provides legal recognition, allowing you to open a business bank account, enter contracts, and apply for licenses.

At SplashDict, we simplify the registration process by handling all necessary filings with the CAC, including obtaining your Tax Identification Number (TIN). Our team of CAC-accredited Chartered Secretaries ensures that your registration is accurate, efficient, and transparent, giving you the confidence to focus on growing your business.

Business Name Registration Service Package - Features

We offer services to streamline your Business Name Registration process:

Business Name Reservation: We conduct name availability checks and reserve your preferred business name with the CAC on your behalf.
Document Preparation: Prepare all necessary registeration documents and other required forms.
Efficient Filing: Swift submission and tracking of your application for approval.
Tax Identification Number (TIN): Issued upon incorporation.
Delivery of Incorporation Documents: Receive Certificate of Registration and Status Report.
Secure Digital Storage: Secure online storage of your documents for easy access.
Provision of a Company Secretary (1 Year): Our experienced company secretary will handle all your corporate governance and administrative tasks.
Unlimited Support: We provide ongoing assistance post-incorporation to ensure your company remains compliant with CAC and other regulatory bodies.

Choosing Type of Business Name to Register

Here are the types of Business Name Structures we can register for you:

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Sole Proprietorship Business Name Registration

Nigerian Sole Proprietorship Business Name Registration with the CAC

Sole Proprietorship is one of the oldest forms of business operation in Nigeria. It is a type of business in which a person (known as a sole proprietor) owns and operates a business.

Also known as an enterprise or a ‘one-man business’, in a sole proprietorship business structure, the owner is legally the same as the business and bears the risks and liabilities incurred by the business.

However, a good fact about this business structure is that it gives the owner total control over decisions and access to the full profit. Additionally, it gives the owner the ability to operate a corporate business bank account.

This structure is ideal for small business owners, freelancers, artisans, and vendors who seek an easy and cost-effective way to start and run their businesses.

Key Features:

Owned and operated by a single individual.
Simple to set up and manage.
Owner is personally liable for all business debts and obligations.

Sole Proprietorship Business Name Registration

From ₦25,000

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General Partnership Business Name Registration

Nigerian General Partnership (GP) Business Name Registration with the CAC

The general partnership as a legal form describes a commercial enterprise run by several personally liable partners. The owners of a general partnership can be individuals or corporations—or both.

A general partnership has no legal personality of its own and is therefore not a legal person. On the other hand, it may be represented under its name in business dealings and acquire rights, and contract obligations or represent a party in deals, bring proceedings, or be prosecuted.

Key Features:

Owned by two or more individuals who share profits and losses.
Partners are personally liable for the partnership's debts.
Requires a partnership deed to outline the terms of the agreement.

General Partnership Business Name Registration

From ₦30,000

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Comparison of Sole Proprietorship and General Partnership

Here's a comparative table highlighting the key differences between Sole Prop and General Partnership:

Feature	Sole Proprietorship	General Partnership
Definition	Owned and operated by a single individual	Shared ownership and management by two or more individuals
Ownership	One individual with complete control	Multiple partners sharing profits and responsibilities
Liability	Unlimited personal liability for business debts	Unlimited personal liability for all partners' debts
Management	Sole proprietor manages all aspects	Management responsibilities shared among partners
Taxation	Business income taxed as personal income	Profits passed through to partners' personal tax returns
Formation Requirements	Easy to establish with minimal regulatory requirements	Requires a partnership agreement; may benefit from registration
Credibility	May be viewed as less credible due to lack of formal structure	Generally seen as more credible due to multiple stakeholders
Business Continuity	Ends upon owner's death or decision to close	Can continue if partners agree, unless specified otherwise
Profit Sharing	Sole owner bears all risks	Shared risk among all partners
Risk Exposure	Minimal compliance and ongoing obligations	More regulatory oversight depending on business nature
	REGISTER SP	REGISTER GP

Benefits of Business Name Registration

Registering your Business Name in Nigeria offers numerous advantages:

Legal Recognition: Registering your business name provides legal recognition, allowing you to operate your business under a formal identity, which can enhance credibility with clients and suppliers.
Name Protection: Registration helps protect your business name from being used by others, ensuring your brand identity remains unique.
Trust: Registered business name inspires trust among customers, clients & partners, enhancing its credibility in the market.
Ease: Registering a Business Name is cheaper than incorporating a company. A new business name is not required to have formal meetings like companies that are incorporated.
Easy conversion process: A business name can eventually be converted into a private limited company or other entity, allowing the business to grow at its own pace until it is ready to convert.
Obtain License: In certain industries, obtaining a certificate of business registration is a prerequisite for securing an operating license.
Tax Benefits: A Business name is not required to pay Companies Income Tax. The owner is only required to pay taxes on their income as an individual.
Business Bank Account: Many banks require proof of business registration to open a business bank account, allowing you to keep your personal and business finances separate.

Get Started

Why Choose SplashDict for CAC Business Name Registration?

We streamline your business setup process with expert guidance and efficient service.

Expert Team

Our team of Chartered Secretaries ensures seamless business setup.

CAC-Accredited Agents

Our team of CAC-accredited agents ensures seamless and compliant registration.

Transparent Pricing

Clear and upfront pricing with no hidden fees.

Fast & Efficient

Experience fast and easy registration with our streamlined online platform.

Secure & Reliable

Robust security measures protecting your data and documents.

Dedicated Support

Receive continuous support from our team throughout and beyond the registration process.

FAQs

Here are common frequently asked questions and answers related to CAC Business Name Registration Service:

What is a Business Name?

A Business Name is a name under which a person or entity conducts business, different from their legal name. It's also known as a "trading name" or "doing business as" (DBA) name.

Business name registration is the process of officially registering your business name with the Corporate Affairs Commission (CAC) in Nigeria. This legal recognition allows your business to operate under a distinct identity, ensuring compliance with local laws and regulations.

Why is it important to register a business name?

Registering your business name provides several benefits, including legal recognition, enhanced credibility, protection against brand infringement, and access to funding opportunities such as loans and grants. It also allows you to open a business bank account in your registered name.

What is the difference between a business name and a company?

A Business Name is a simpler registration for sole proprietors or small partnerships and does not offer separate legal status or limited liability.

A Company is a separate legal entity with limited liability, a more formal structure, and greater access to financing and opportunities for growth.

Business name registration is simply registering a name under which you conduct business. Company incorporation creates a separate legal entity with its own rights and obligations.

Can I use any name for my business?

No, your chosen business name must comply with local regulations. It cannot be identical to an existing registered name, misleading, or include restricted words without appropriate authorization.

The Corporate Affairs Commission (CAC) must approve your name before registration.