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Some years ago , I made the mistake of registering my numerous businesses differently because I was not informed that one CAC could cover for four businesses.
HOW DO YOU DO THAT?
Assuming you have 4 different businesses related or unrelated how do you to use one CAC certificate for all?
Information is power, to do that, it starts with registration process. Now the key secret is to use as neutral business name .
Let’s assume you are into poultry, catfish ,piggery , goat farming and your name is Okpara , now instead of creating a name like OKPARA POULTRIES OR OKPARA piggeries , you can say OKPARA AGROZ. OKPARA FARMZ .
and then there is a place in CAC filing where you are required to put the nature and activities of business ,you then put
PIGGERY FARM , CATFISH FARMING, POULTRY, GOATS, ETC.
Did you notice that the problem with using specific names is that it limits you ?
As soon as you used OKPARA POULTRIES , that certificate can not be used for any business other than POULTRIES.
But OKPARA AGROZ depicts you are into agro businesses which covers for all the aforementioned.
ASSUMING THE BUSINESSES ARE NOT RELATED?
If they are not related ,you can still use one CAC for different businesses.
Let’s assume you are into the following businesses : electricals , shoes , provisions shops , make up .
Now instead of using a name like ADAMU Electricals, say ADMAU VENTURES OR ADMAU ENTERPRISES.
Now come down to nature and activities of business and fill all the businesess which includes electricals, shoes , provisions and make up.
Okpara Ijezie Kingsley is CEO of SCHOOL ONLINE NIGERIA
For someone who registered a name like LEMGLO FARMS and I’m into Poultry, Fisheri, Vegetables and other crops, I still want to venture into Goatry and Piggery. Do I need to re-register or just leave it, what should I do?
I don’t get your question, can you rephrase ?