DIFFERENCE BETWEEN A PRIVATE AND PUBLIC LIMITED LIABILITY COMPANY

There are many differences between a private and public limited liability company in Nigeria. Companies, either private or public, are the most widely used business organization in Nigeria. The Corporate Affairs Commission established by virtue of the Companies and Allied Matters Act 2020 (CAMA or the Act) oversees the incorporation of a company in Nigeria. [...]

By |2020-10-01T08:15:57+00:00|Business Fromation|Comments Off on DIFFERENCE BETWEEN A PRIVATE AND PUBLIC LIMITED LIABILITY COMPANY

ADVANTAGES OF COMPANY LIMITED BY SHARES OVER BUSINESS NAME IN NIGERIA

ADVANTAGES OF LIMITED LIABILITY COMPANY  OVER BUSINESS NAME IN NIGERIA A private company limited by shares is a legally separate business entity. It has an authorized shareholding which defines the shareholding liability. This means that the directors and shareholders of the company have limited liability in the Company. Most often times many that want to [...]

By |2020-10-01T17:43:30+00:00|Business Fromation|Comments Off on ADVANTAGES OF COMPANY LIMITED BY SHARES OVER BUSINESS NAME IN NIGERIA

FORMS OF BUSINESS ORGANIZATION AND BUSINESS STRUCTURES IN NIGERIA

FORMS OF BUSINESS ORGANIZATION IN NIGERIA A business entity is responsible for using its economic resources to provide goods or services to customers for profit. There are different types of companies and business structures in Nigeria. First, it is a note of worth to state that under Nigerian law, it is only the Corporate Affairs Commission, an agency of the [...]

By |2020-10-01T17:58:28+00:00|Business Fromation|Comments Off on FORMS OF BUSINESS ORGANIZATION AND BUSINESS STRUCTURES IN NIGERIA

HOW TO SET UP A REPRESENTATIVE OFFICE IN NIGERIA

REPRESENTATIVE OFFICE IN NIGERIA BRANCH OFFICE IN NIGERIA Any company conducting business in Nigeria is required to register with the corporate affairs commission (CAC). A Foreign company wishing to set up business operations in Nigeria must take steps in obtaining local incorporation of the Nigerian branch or subsidiary which has a separate entity in Nigeria. [...]

By |2020-10-01T17:59:44+00:00|Business Fromation|Comments Off on HOW TO SET UP A REPRESENTATIVE OFFICE IN NIGERIA

SETTING UP A COMPANY IN NIGERIA

A business formation in Nigeria ordinarily commences with the registration of a company. A company can be referred to as a corporate entity, which upon incorporation becomes a separate legal entity with the perpetual succession and the capacity to sue and be sued. The cradle of a company is on its incorporation and this entails [...]

By |2020-10-25T06:37:33+00:00|Business Fromation|Comments Off on SETTING UP A COMPANY IN NIGERIA

GUIDE TO COMPANY REGISTRATION IN NIGERIA

REGISTRATION OF COMPANY IN NIGERIA The law guiding the company formation in Nigeria is the Companies And Allied Matters Act, (CAMA) Laws of the Federation of Nigeria (2004). The Act is the guidelines for the formation of any type of company in Nigeria and other ancillary matters. Unlike the United States of America where each [...]

By |2020-10-15T06:26:43+00:00|Business Fromation|Comments Off on GUIDE TO COMPANY REGISTRATION IN NIGERIA
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