Sole Proprietorship Business Name Registration

NGN25,000

Register Your Business Name with CAC

Protect your brand, open a corporate bank account, and boost credibility by registering your Sole Proprietorship Business Name with the Corporate Affairs Commission (CAC) in Nigeria.

Service Fee (All inclusive):

NGN25,000

Register Your Sole Proprietorship in Nigeria with Ease

Here’s how SplashDict’s CAC-accredited experts assist you:

Filing & Documentation: We prepare and submit all required documents to CAC on your behalf.
Official Documents: Receive your Certificate of Business Name Registration, CAC Status Report, and auto-generated Tax Identification Number (TIN).
Transparent Pricing: No hidden fees—all CAC filing and professional handling costs included.
Fast Processing: Completed within 2 to 10 business days.
Ongoing Support: We assist with future regulatory and statutory needs.

Benefits of Sole Proprietorship Business Name

Key Features of Sole Proprietorship Business Name Registration

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.

Requirements for Sole Proprietorship Business Name Registration

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.

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Benefits of Sole Proprietorship Business Name Registration

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.