Entrepreneur needs to register his/her enterprise to comply with the requirement of law, that Business Names should be registered, with the exception of very few circumstances. In other words, Nigerian law makes it compulsory for Business Names to be registered. The particular Nigerian law here is the Companies and Allied Matters Act (CAMA), Chapter C20 2004. Under the CAMA, every person or firm carrying on a business under a Business Name (apart from those exempted), must register the Business Name within twenty-eight days after starting the business. This is the combined meaning of sections 573 (1) and 574 (1) of the CAMA. Read More... OlayinkaOyelamiVirtualLawPractice Blog: Business Registration and Online Presence Benefits... : Starting a business is always the fun part: Coming up with an idea, registration of business name, building an online presence, and imagi...
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