After successfully registering your business with the Corporate Affairs Commission (CAC) in Nigeria, there are essential steps to take to ensure your business operates legally and remain compliant. Here are the important things to do after registering a business with CAC:

🎯 1. Obtain a Tax Identification Number (TIN): Register for a Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS). This number is crucial for tax compliance and is required for various business activities.

🎯 2. Open a Business Bank Account: You should separate your business finances from your personal finances by opening a dedicated business bank account, this will not just boost your credibility but also enhances transparency and facilitates financial management.

🎯 3. File Annual Returns: 18 months after your business registration, you're mandated to submit annual returns to the CAC, providing updates on your business's financial status, directors, and shareholders. This ensures compliance with CAC regulations.

🎯 4. Obtain Necessary Approvals: Your business belongs to a particular industry, research, discover and obtain the required approvals/permits so you can run your operations without running into avoidable battles with the authorities.

🎯 5. Write A Business Plan: You need to create a clear roadmap that will guide you to start and run a successful business, a business plan can help you to achieve this.

You can write it from scratch but if you lack the time or too busy, simply hire an expert to develop one for you.

🎯 6. Establish An Online Presence: Irrespective of your kind of products or service, you need to create an online presence for your business, this will allow you to connect with thousands of potential customers on various digital marketing platforms.


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