What Will You Get From Registering Your Business With CAC

Do you have a company based in Nigeria? Companies in Nigeria need to register with the Corporate Affairs Commission (CAC). The owner of the company will get many benefits from the CAC business. Meanwhile, companies that do not join cannot get these benefits. The registration process itself requires a number of documents. You need to fulfill a number of requirements to be able to join and get an e-certificate. Before further registering a company, you need to understand some of the profitable experiences of CAC:

Legal Protection

Every company that has entered the CAC will receive legal protection. No other person or company can use your brand. It is not surprising that almost all national and international companies from Nigeria join CAC business. In other words, legal protection also aims to protect the company’s image. Meanwhile, companies that are not on the list have the potential to have their brands duplicated. Then bad people could damage the brand’s image by doing negative things, such as releasing low-quality products. These bad actions can damage the good image of a company that has existed for more than a decade.

Ease of Obtaining Investors and Debt

Each business activity requires different funds. A larger company generally requires more funds, not only in terms of production. There are a number of other activities that also continue to cost money, such as the procurement of raw materials, equipment maintenance, warehousing, and so on. Of course, the company owner can be confused if he has to bear all these costs. The way out of this problem is to borrow funds from investors or other financial institutions. So how can we convince investors and other financial institutions? One step is to register the company with CAC business. Based on a report from Advans Nigeria, companies on the list find it easier to obtain loans. CAC itself provides a good reputation in the business world in Nigeria and globally.

Have a good reputation in the eyes of customers.

There are a number of requirements that companies need to fulfill to be able to join CAC business. Companies that do not meet the requirements will not be able to join. Meanwhile, companies that successfully join will receive a special certificate. You can download the certificate via the system. You can display the e-certificate on a business dashboard, such as a website or application. The existence of this e-certificate can increase consumer confidence in a company. Consumers will become bolder in trying products or services from a company. Of course, you also need to always maintain the quality of your products and services after receiving the certificate.

Based on the explanation above, we can understand that CAC provides many benefits to its members. At least the company will get legal protection so that no other party can use the same name. Another advantage is that it is easy to find consumers and investors. We recommend that those of you who run a company join immediately. If you have experiences or questions about this, you can also share them with us via the forum.