Before You Register a Business Name, Read This
Many people rush to register a business name because it’s cheaper, faster, and easier. But here’s what most people never tell you:
A business name is NOT a separate legal entity.
Legally, you and the business are the same person.
So whatever happens to the business happens to you.
Meaning:
• If the business owes money, YOU owe.
• If the business is sued, YOU are sued.
• If the business breaches a contract, YOUR personal assets can be seized.
There is no boundary, no legal shield, no protection between you and the business. A business name only provides identity — not safety.
When you operate under a business name:
Your personal bank accounts can be frozen.
Your land or car can be taken to pay business debts.
You can be personally liable for damages.
Creditors can pursue you directly.
Every agreement signed becomes your full responsibility.
That ₦1,000,000 mistake a staff makes?
The court will not look for the staff — they will look for you.
This is how many people lose their homes, savings, and peace of mind… all because they didn’t understand what “cheap registration” truly means under the law.
⸻
Now, Compare This With a Company
A company is a separate legal person.
This gives you limited liability — one of the strongest protections the law offers.
With a registered company:
If the company owes, you don’t owe personally.
If the company is sued, you are not sued.
Your house, car, salary, and savings remain protected.
The company carries its own risks and liabilities.
You can own the company, run it, and control it —
but you are not the company, and that legal separation is everything.
So before choosing the cheaper option, pause.
The price difference in registration may look small,
but the legal difference is massive.
One exposes everything you own.
The other protects everything you’ve worked for.
You can register either one — just understand the legal consequences.
Sometimes, what seems cheap at first
becomes the most expensive mistake in the end.
Many people rush to register a business name because it’s cheaper, faster, and easier. But here’s what most people never tell you:
A business name is NOT a separate legal entity.
Legally, you and the business are the same person.
So whatever happens to the business happens to you.
Meaning:
• If the business owes money, YOU owe.
• If the business is sued, YOU are sued.
• If the business breaches a contract, YOUR personal assets can be seized.
There is no boundary, no legal shield, no protection between you and the business. A business name only provides identity — not safety.
When you operate under a business name:
Your personal bank accounts can be frozen.
Your land or car can be taken to pay business debts.
You can be personally liable for damages.
Creditors can pursue you directly.
Every agreement signed becomes your full responsibility.
That ₦1,000,000 mistake a staff makes?
The court will not look for the staff — they will look for you.
This is how many people lose their homes, savings, and peace of mind… all because they didn’t understand what “cheap registration” truly means under the law.
⸻
Now, Compare This With a Company
A company is a separate legal person.
This gives you limited liability — one of the strongest protections the law offers.
With a registered company:
If the company owes, you don’t owe personally.
If the company is sued, you are not sued.
Your house, car, salary, and savings remain protected.
The company carries its own risks and liabilities.
You can own the company, run it, and control it —
but you are not the company, and that legal separation is everything.
So before choosing the cheaper option, pause.
The price difference in registration may look small,
but the legal difference is massive.
One exposes everything you own.
The other protects everything you’ve worked for.
You can register either one — just understand the legal consequences.
Sometimes, what seems cheap at first
becomes the most expensive mistake in the end.
Before You Register a Business Name, Read This
Many people rush to register a business name because it’s cheaper, faster, and easier. But here’s what most people never tell you:
A business name is NOT a separate legal entity.
Legally, you and the business are the same person.
So whatever happens to the business happens to you.
Meaning:
• If the business owes money, YOU owe.
• If the business is sued, YOU are sued.
• If the business breaches a contract, YOUR personal assets can be seized.
There is no boundary, no legal shield, no protection between you and the business. A business name only provides identity — not safety.
When you operate under a business name:
🥢 Your personal bank accounts can be frozen.
🥢 Your land or car can be taken to pay business debts.
🥢 You can be personally liable for damages.
🥢 Creditors can pursue you directly.
🥢 Every agreement signed becomes your full responsibility.
That ₦1,000,000 mistake a staff makes?
The court will not look for the staff — they will look for you.
This is how many people lose their homes, savings, and peace of mind… all because they didn’t understand what “cheap registration” truly means under the law.
⸻
Now, Compare This With a Company
A company is a separate legal person.
This gives you limited liability — one of the strongest protections the law offers.
With a registered company:
🥢 If the company owes, you don’t owe personally.
🥢 If the company is sued, you are not sued.
🥢 Your house, car, salary, and savings remain protected.
🥢 The company carries its own risks and liabilities.
You can own the company, run it, and control it —
but you are not the company, and that legal separation is everything.
So before choosing the cheaper option, pause.
The price difference in registration may look small,
but the legal difference is massive.
One exposes everything you own.
The other protects everything you’ve worked for.
You can register either one — just understand the legal consequences.
Sometimes, what seems cheap at first
becomes the most expensive mistake in the end.
0 Yorumlar
·0 hisse senetleri
·146 Views
