· 4 min read
Business Name or Company: Which Is Right for You?
A plain-English look at the difference between registering a business name and incorporating a company in Nigeria.
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Resources & FAQ
Educational articles and answers to common questions, written in plain English.
General information only. It is not legal advice and is not a substitute for advice on your individual matter. Rules and requirements change, so please confirm the current position before you act.
Articles
Guides and explainers
· 3 min read
Annual Returns vs Tax Returns: Know the Difference
They sound alike but they are filed with different bodies for different reasons. Here is how to tell them apart.
Read article· 3 min read
Getting Ready for a CAC Filing: A Simple Checklist
A practical list of information worth gathering before you ask for help with a CAC filing.
Read article· 4 min read
Before You Sign: Five Things to Check in Any Contract
A short guide to the terms that most often deserve a second look.
Read article· 3 min read
Thinking of Buying Land or Property? Start With the Paperwork
Why it pays to understand the documents before money changes hands.
Read articleFAQ
Frequently asked questions
Registration
What is the difference between a business name and a company?
A registered business name is usually used by an individual or partners trading under a name. A company is a separate legal entity with directors and shareholders. Which one suits you depends on your plans, ownership and risk. We can walk through the options with you.
Can you guarantee that my registration or filing will be approved?
No. Approvals are decisions of the relevant registry or authority. What we can do is prepare your documents carefully, explain the process and keep you informed.
Annual Returns
Are annual returns the same as tax returns?
No. Annual returns are filed with the Corporate Affairs Commission (CAC) to keep the company's record up to date. Tax returns are filed with tax authorities and deal with tax. They are separate obligations, and meeting one does not replace the other.
Does my business need to file annual returns?
It depends on the type of entity and its circumstances. Registered companies are generally expected to keep their records current with the CAC. Contact us and we will confirm what applies to your entity before you spend any money.
Compliance
What if my company has missed filings in previous years?
Start by finding out what the record currently shows. We can review your company's position, explain what appears to be outstanding and discuss a sensible route to bringing it up to date. We do not assume any particular penalty applies to you, and outcomes cannot be guaranteed.
Contracts
Should I have a contract reviewed before signing?
It is usually wise to understand a contract fully before you sign, especially if it involves significant money, long commitments or restrictions. A review can highlight terms worth discussing with the other side.
Should I speak to someone before paying for land or property?
Yes, it is sensible to get advice and have the documents reviewed before making payment or signing. We can explain what the documents say and what to look out for.
Working With Us
What documents should I have ready to start?
It varies by service. For many CAC matters it helps to have your company name and registration number, details of directors and shareholders, and any previous certificates or filings. We will confirm the exact list for your case.
Are you part of the Corporate Affairs Commission?
No. CONTACTPOINT ATTORNEYS is an independent service provider. We are not the Corporate Affairs Commission or any government agency, and we do not speak on its behalf.
How do I get started?
Use the contact form, tap the WhatsApp button or call us. Tell us briefly what you need and we will come back with the next steps. Please avoid sending sensitive personal information through the form.
Still have a question?
If you cannot find what you are looking for, ask us. We are happy to point you in the right direction.