It can be exciting and lucrative to launch a business, but it can also be intimidating. The possibility of being held personally responsible for the debts and legal issues of the company is a worry shared by many business owners. This is where anonymous incorporation comes into play. The entrepreneur can shield their personal assets from any business-related concerns by setting up a corporation that conceals their identity. A step-by-step tutorial on incorporation is provided below.
Step 1: Select a company name You must decide on a name for your company before incorporating. It is crucial to choose a distinct name that isn’t being used by another business. You can use the website of the Corporate Affairs Commission (CAC) to search for your preferred business name, or you can hire a lawyer to search on your behalf.
Step 2: Construct a username The next step is to create a username that will hide your identify after you have decided on your company name. It is recommended to choose a name devoid of any personal details like your name, address, or initials. To assist you come up with an appropriate username, you can work with a company formation agency.
Step 3: Create a business registration
The next step is to register your business with the CAC after deciding on your business name and username. Information about your company, including its goals, location, and directors’ names, must be provided. It’s crucial to select a nominee director who will represent the firm when you register your business. This person will be designated as the company’s director and in charge of executing contracts on the company’s behalf. Step 4: Register your business name as a trademark To prevent other companies from using your firm name, you must trademark it. Through Nigeria’s Trademarks, Patents and Designs Registry, you can submit a trademark application. It is best to begin the trademark registration process as soon as possible because it can take up to six months.
How to Verify a Company’s Nigerian Registration
You can use the CAC website to look for a company to see if it is registered in Nigeria. You can look up registered firms on the website using the name, registration number, or director’s name in the public search portal. As an alternative, you may pay a lawyer to look for you.
For business owners who want to safeguard their private assets and maintain their anonymity, incorporation under a false name may be a wise choice. You can establish a firm that is legally distinct from you while keeping anonymous by following these instructions. Don’t forget to select an original company name, come up with a username that hides your identity, and register your company with the CAC using a nominee director. Finally, register your business name as a trademark to prevent others from using it.
The EDGAR (Electronic Data Gathering, Analysis, and Retrieval) database of the Securities and Exchange Commission (SEC) can be used to determine whether a company is registered with the SEC. You can use this database to look up businesses that have SEC-registered securities. By firm name, ticker symbol, or SEC CIK (Central Index Key) number, you can do a search. On the SEC website, the EDGAR database is free and open to the public.