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Showing posts from August 21, 2016

HOW TO REGISTER YOUR BUSINESS NAME WITH CORPORATE AFFAIRS COMMISSION (CAC)

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Why should you register your Business name with CAC?? Obtaining Loans Most people think that taking loans is bad business practice, on the contrary, taking loans is good prudent business practice which has overtime transformed a number of small scale enterprises into large business empires.  However, when you apply for a loan for your business, Lenders and Investors will ask to see your CAC Certificate of registration of business along with other application requirements before approving you for a loan.  Credibility Potential Customers and clients, especially people you've never worked with before, need assurance that you are a legitimate business. Considering the current trend of Scams and fraudsters, a potential client may suspect your business of being a "fly-by-night or scam" operation if it is not registered with the CAC. Your business's credibility and chances of attracting trusting clients/customers is higher when duly registered. Operating Busine