How to Register Your Business With the Corporate Affairs Commission (CAC) Through the Internet
To get started with your internet business, (depending on the type of business) the most important thing is to have a website (your store online) and the to first thing to get the website is to register your business domain name with a domain name registrar and to get purchase a webhost.
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Similarities between online and offline registration:
| ONLINE | OFFLINE |
| Register domain name (www…..com) with domain name register | Register business name with Corporate Affairs Commission CAC |
| Get a webhost which is a special computer that stores your images, text and database of your website | Get a store that you put in all your business facilities, goods, etc |
| Your website on the internet. People get to your website by typing in your domain name on the browser to locate your website | Your store with a your registered name displayed. People identify your store along the roadside and come in for business |
| Advertise your business on the internet by using facebook, google, yahoo.com, etc. | Advertise your business on radio, tv, newspaper |
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Now though you do not need to register your business with the CAC (though this depends on the kind of business) you need to be mindful that your internet business would grow to a stage where you would eventually need to have it registered with the CAC.
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.As a business owner, your business will benefit considerably from being formally registered. This confers a measure of credibility and will boost your standing before parties you do business with. Your bankers will ask for your business registration certificate and related papers before opening an account for the business. Also, many other serious transactions involving the business will similarly call for the registration information. Registration makes the business an entity of its own, which is beneficial, especially in the case of a limited liability company. So, you will not only help the image of the business, but also empower it to engage in various transactions that will require a registered status and also enable the business to operate as a unique entity.
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In the past, one needed to search for a Corporate Affairs Commission (CAC) office to register a business. In the case where there is no CAC office in your locality or even your state of residence, you may have to travel to the nearest CAC office to do so. All this has now been made easy with the ability for one to register his or her business online and pay with MasterCard, VisaCards or Verve Cards.
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To register online Click here: http://services.cac.gov.ng/
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For more information on why you should register your business visit:
http://nigeria.smetoolkit.org/nigeria/en/content/en/3860/Quick-FAQs
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Samuel Oritsejimi Iyinbo has been making money online since 2003 as a website designer with over 60 clients and counting, an internet business consultant, serial entrepreneur and spiritual teacher where he disseminates spiritual messages The Roving Messenger. He founded Illumination Concepts’ E-learning Centre and Innovation Hub the Internet Business Academy Nigeria, to share his knowledge and to train people on how to make money online.
