In today’s digital world, registering a business in Nigeria seems easier than ever. The Corporate Affairs Commission (CAC) has simplified the process so much that many people believe they can “do it all online” — without needing a lawyer.
But here’s the truth: while you can technically register a company without a lawyer, it often comes at a long-term cost.
Many entrepreneurs later discover that their so-called “simple registration” created complex legal problems — disputes over ownership, tax issues, or structural loopholes that make investors walk away.
At KpLaw LLP, we’ve helped countless business owners fix preventable legal errors that started with poorly executed registrations.
Let’s unpack this common myth 👇
⚖️ MYTH 1: “Registration is Just Filling Forms.”
FACT: It’s much more than that.
Your company’s MEMART (Memorandum and Articles of Association) defines ownership, control, and business operations. A lawyer ensures it’s drafted correctly — not copied from a generic template that may not fit your business model.
⚖️ MYTH 2: “Anyone Can Be a Company Secretary.”
FACT: The Companies and Allied Matters Act (CAMA 2020) requires certain companies to have qualified professionals as secretaries. A lawyer ensures compliance and proper documentation.
⚖️ MYTH 3: “I Can Always Fix Mistakes Later.”
FACT: Some mistakes cost millions to correct.
Wrong share structures, omitted directors, or noncompliance with CAC filings can trigger tax penalties, investor rejection, or even company suspension.
⚖️ MYTH 4: “Lawyers Just Complicate Simple Processes.”
FACT: Lawyers don’t complicate; they clarify.
A corporate lawyer ensures every clause, signature, and structure aligns with your long-term interests. They also advise on tax obligations, intellectual property, and investor readiness — all before you launch.
⚖️ MYTH 5: “Legal Help Is Too Expensive for Startups.”
FACT: Legal mistakes are costlier than legal advice.
Spending ₦100,000 to do it right can save you millions in future disputes or regulatory penalties.
💡 Final Takeaway:
The CAC has indeed made registration simpler, but simplicity should never replace strategy.
A business built without legal guidance is like a house without a foundation — it may look fine for a while, but it won’t stand the test of time.
At KpLaw LLP, we help you start right — by providing end-to-end legal guidance, proper documentation, and ongoing compliance support.
📩 Need help registering or restructuring your business?
Email us at kplawllp@gmail.com or visit our site.