Sole Proprietorship Business Name Registration

NGN25,000.00

Register Your Sole Proprietorship Business Name in Nigeria with SplashDict

By completing your registration with CAC, you gain legal protection, enhance your brand’s credibility, and unlock access to a business bank account.

Legal Recognition and Protection: A registered business name provides formal recognition, allowing you to operate under a unique, legally protected name. It prevents others from using the same name for their business.
Ownership and Full Control: A sole proprietor has complete ownership and authority over all business decisions without the need for consultation or approval from others.
No Separate Legal Entity: A business name does not create a separate legal entity. The business and its owner(s) are legally considered the same, meaning personal liability extends to business debts.
Annual Compliance Requirement: Registered businesses must file annual returns with the Corporate Affairs Commission (CAC) to maintain their active status and legal compliance.
Business Name Conversion: A business name can later be converted into a Private Limited Company (LTD) or other entity types if a more complex structure is required.
Taxation: Taxes for Sole Proprietors are based on personal income rather than being treated as separate corporate taxes.

Proposed Business Names: Submit at least two (2) name options (first choice and alternative) for approval.
Business Objectives: Describe the nature and objectives of your business.
Details of Business Owner: Provide personal information, such as full name, address, date of birth, nationality, means of identification, occupation, passport photograph, and signature.
Where the registration to be effected is that of a company, the name and registered office of the company
Business Address: Provide the business address, which can be a home address or a separate business location.

Legal Recognition: Registering your business name gives it formal legal standing, enabling you to operate under a recognized name.
Exclusive Rights to the Name: Registration ensures that your chosen business name is uniquely yours, preventing others from using it for their operations.
Credibility and Trust: A registered business name enhances your credibility, making it easier to build trust with customers, suppliers, and partners.
Access to Certain Services: Some services may require a registered business certificate and TIN, such as opening a business bank account or obtaining certain licenses.
Flexible Operations: Suitable for small-scale businesses or entrepreneurs who want a low-cost, low-maintenance structure.

Here's how SplashDict's team of CAC-accredited Chartered Secretaries can help:

Business Name Registration: Sole Proprietorship Business Name Registration with the CAC.
Documentation: We handle all required registration documents.
Transparent Pricing: CAC registration and Filing fees are included with no hidden charges.
TIN: Tax Identification Number issued upon registration.
Quick Turnaround: Receive Certificate of Registration and Status Report within 3-7 business days.
Continuous Support: We assist with future compliance and statutory needs.