Easy Business Registrations

𝗛𝗼𝘄 𝘁𝗼 𝗨𝗽𝗴𝗿𝗮𝗱𝗲 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗡𝗮𝗺𝗲 𝗶𝗻𝘁𝗼 𝗮 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝘆

So, your business has grown, and its present structure can no longer sustain your expansion. You need a bigger business model, which necessitates transforming your present Business Name (BN) into a Limited Liability Company (LTD). Can you upgrade your present business name into a limited liability company? The answer is yes.

There are only a few things to consider.

First, do you want to maintain the present name? Whatever your answer, you must search for a name to confirm that the name is available for use. Also, remember that you may change the nature of business or include a new nature of business when you upgrade to a limited liability company.

Second, are you up to date with your annual returns filings? If not, you must sort it out. This is often the biggest barrier to upgrades and where most owners of business names get discouraged, and decide to opt for a new company instead. If you’re not up-to-date on your annual returns filings, it will cost you far more to make an upgrade. So, the advice is this: if you plan to upgrade your business name to a limited liability company later in the future, make sure your file your annual returns with the CAC.

Third, once you scale through the first and second stages, you may upgrade to a limited liability company. The information needed for the upgrade are:

1) Nature of business
2) Office address, phone number and email.
3) The Director(s)’s details: Names, addresses, phone numbers, emails, dates of birth, occupation, signatures and Nat ID card/NIN
4) The Secretary's details: as above (optional)
5) The Shareholder(s)'s details: as above
6) Sharing formula for the shares among the shareholder(s)

𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘧𝘪𝘳𝘮 𝘰𝘧 𝘭𝘦𝘨𝘢𝘭 𝘱𝘳𝘢𝘤𝘵𝘪𝘵𝘪𝘰𝘯𝘦𝘳𝘴 𝘢𝘯𝘥 𝘊𝘈𝘊 𝘤𝘦𝘳𝘵𝘪𝘧𝘪𝘦𝘥 𝘢𝘨𝘦𝘯𝘵𝘴. 𝘞𝘦 𝘩𝘦𝘭𝘱 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘰𝘸𝘯𝘦𝘳𝘴, 𝘦𝘯𝘵𝘳𝘦𝘱𝘳𝘦𝘯𝘦𝘶𝘳𝘴 𝘢𝘯𝘥 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘪𝘰𝘯𝘴 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳 𝘵𝘩𝘦𝘪𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴, 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘢𝘯𝘥 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘪𝘰𝘯𝘴 𝘸𝘪𝘵𝘩 𝘦𝘢𝘴𝘦. 𝘐𝘧 𝘺𝘰𝘶 𝘯𝘦𝘦𝘥 𝘰𝘶𝘳 𝘩𝘦𝘭𝘱 𝘸𝘪𝘵𝘩 𝘢𝘯𝘺 𝘰𝘧 𝘵𝘩𝘦 𝘮𝘢𝘵𝘵𝘦𝘳𝘴 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘦𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘢𝘳𝘵𝘪𝘤𝘭𝘦, 𝘧𝘦𝘦𝘭 𝘧𝘳𝘦𝘦 𝘵𝘰 𝘤𝘢𝘭𝘭 𝘰𝘳 𝘞𝘩𝘢𝘵𝘴𝘈𝘱𝘱 𝘶𝘴 𝘰𝘯 0812 619 4751

How to Upgrade Your Business Name Into A Limited Liability Company How to register a business in Nigeria

𝗢𝗻𝗲 𝗪𝗮𝘆 𝘁𝗼 𝗔𝘃𝗼𝗶𝗱 𝗙𝗮𝗶𝗹𝗲𝗱 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗧𝗵𝗲𝘀𝗲 𝗣𝗿𝗲𝘀𝗲𝗻𝘁 "𝗘𝘃𝗶𝗹" 𝗧𝗶𝗺𝗲𝘀

Rule: Test-the-Waters

Methods: POS and Transfer

Application: First try a lesser amount

Example: Say you want to pay 2k using POS or transfer. Instead of paying the whole sum at once, try N200 or N500. Ignore the small bank charges.

This will save you so much heartache.

𝘊𝘢𝘭𝘭 𝘰𝘳 𝘞𝘩𝘢𝘵𝘴𝘈𝘱𝘱 𝘶𝘴 @ 08126194751 𝘧𝘰𝘳 𝘺𝘰𝘶𝘳 𝘊𝘈𝘊 𝘗𝘳𝘦-𝘪𝘯𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘗𝘰𝘴𝘵 𝘐𝘯𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘪𝘰𝘯 𝘧𝘪𝘭𝘪𝘯𝘨𝘴.

Ref: https://techcabal.com/2023/02/21/2-ways-to-avoid-failed-transfer-and-pos-transactions/

Don't Wait, Act Now!

Call or WhatsApp us on 0812 619 4751 to resolve your registration problems.

𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿, 𝗧𝗿𝗮𝗻𝘀𝗺𝗶𝘀𝘀𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗦𝘂𝗿𝗿𝗲𝗻𝗱𝗲𝗿 𝗼𝗳 𝗦𝗵𝗮𝗿𝗲𝘀 𝗠𝗮𝗱𝗲 𝗘𝗮𝘀𝘆.

𝘛𝘳𝘢𝘯𝘴𝘧𝘦𝘳 𝘰𝘧 𝘚𝘩𝘢𝘳𝘦𝘴: When a shareholder transfers some or all of his shares to another member or a new member of the company.

𝘛𝘳𝘢𝘯𝘴𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘧 𝘚𝘩𝘢𝘳𝘦𝘴: When the shares of a dead member are taken up by another member of the company.

𝘚𝘶𝘳𝘳𝘦𝘯𝘥𝘦𝘳 𝘰𝘧 𝘚𝘩𝘢𝘳𝘦𝘴: When for any reason at all, a member of a company decides he no longer wants to be a member of the company or is forced to forfeit his shares to the company. Such shares are usually reallotted to other members of the company.

Transfer, Transmission and Surrender of shares in your company can now be easily done through your company’s Post-Incorporation Portal on the Corporate Affairs Commission's CRP portal.

Having any difficulties? We can help you out. 𝙎𝙞𝙢𝙥𝙡𝙮 𝘾𝙖𝙡𝙡 𝙤𝙧 𝙒𝙝𝙖𝙩𝙨𝘼𝙥𝙥 𝙪𝙨 𝙤𝙣 08126194751

𝗢𝘂𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀

👉🏾Pre-incorporation Counseling for entrepreneurs and business owners (free)

👉🏾Incorporation of Businesses, Companies and NGOs with the Nigerian Corporate Affairs Commission (CAC)

👉🏾Post-Incorporation filings with CAC

𝗡𝗲𝘄 𝗖𝗔𝗖 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗡𝗜𝗡 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗔𝗹𝗹 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀

Beginning from 1st of January 2023, CAC will only accept the National Identification Number (NIN) for identification purposes for all the processes of the Commission.

This means that, other valid means of identification, namely, Driver's Licence, PVC, International Passport and Birth Certificate will no longer be accepted to identify individuals for registrations and post incorporation applications.

CAC further noted that the new regulation will apply to Nigerians and non-Nigerians resident in Nigeria.

𝗦𝘁𝗮𝗿𝘁 𝗠𝗮𝗸𝗶𝗻𝗴 𝗣𝗿𝗼𝗽𝗲𝗿 𝗔𝗿𝗿𝗮𝗻𝗴𝗲𝗺𝗲𝗻𝘁𝘀 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗡𝗲𝘅𝘁 𝗬𝗲𝗮𝗿

It's that time of the year when businesses check how their companies or firms have prospered during the year. Its also the time to prepare for next year.

While you're at it, make arrangements for payment of your annual returns come next year. NGOs must prepare to file their Second bi-annual financial statement of the year. Don't wait until it's too late.

Tax Obligations of NGOs in Nigeria How to register a business in Nigeria

Tax Obligations of Business Names in Nigeria How to register a business in Nigeria

What taxes should your company pay?

Tax Obligations of Companies in Nigeria How to register a business in Nigeria

NGO Obligations after CAC Registration

Now that You’ve Registered Your NGO, What Next? Obligations of an NGO after CAC Registration How to register a business in Nigeria

Now that You’ve Registered Your Company, What Next? Obligations of a Company after CAC Registration How to register a business in Nigeria

Obligations of Business Names After CAC Registration

http://ebronline.blogspot.com/2022/09/now-that-youve-registered-your-business.html

Now that You’ve Registered Your Business, What Next?: Obligations of Business Names After CAC Registration How to register a business in Nigeria

http://ebronline.blogspot.com/2022/08/be-wary-of-these-scams-2-crypto.html

Be Wary of these Scams (2) - The Crypto Investment Be Wary of these Scams (2) - The Crypto Investment

http://ebronline.blogspot.com/2022/08/requirements-for-registration-of_92.html

Requirements for Registration of Companies How to register a business in Nigeria

Requirements for Registration of Business Names...

http://ebronline.blogspot.com/2022/08/requirements-for-registration-of_4.html

Requirements for Registration of Business Names How to register a business in Nigeria

𝗕𝗲 𝗪𝗮𝗿𝘆 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗦𝗰𝗮𝗺𝘀

Many fraudulently minded persons posing as “entrepreneurs” have devised a means to swindle individuals of their money. It is a wave of ponzi-scheme that has been around for some time. Many Nigerians have fallen prey to these schemes. These fraudsters actually register their businesses and companies with the CAC, and that’s one of the baits they use to get their victims. Their major target is the greediness of their victims. Once they capture your greed for money, the rest is history.

𝗛𝗼𝘄 𝗶𝘁 𝘄𝗼𝗿𝗸𝘀

First, they make sure that they register a company in Nigeria with CAC and create a website for online presence...

To read the full article, please visit our blog post:
http://ebronline.blogspot.com/2022/08/be-wary-of-these-scams-1-business.htmlp

𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘧𝘪𝘳𝘮 𝘰𝘧 𝘭𝘦𝘨𝘢𝘭 𝘱𝘳𝘢𝘤𝘵𝘪𝘵𝘪𝘰𝘯𝘦𝘳𝘴 𝘢𝘯𝘥 𝘊𝘈𝘊 𝘤𝘦𝘳𝘵𝘪𝘧𝘪𝘦𝘥 𝘢𝘨𝘦𝘯𝘵𝘴. 𝘞𝘦 𝘩𝘦𝘭𝘱 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘰𝘸𝘯𝘦𝘳𝘴, 𝘦𝘯𝘵𝘳𝘦𝘱𝘳𝘦𝘯𝘦𝘶𝘳𝘴 𝘢𝘯𝘥 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘪𝘰𝘯𝘴 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳 𝘵𝘩𝘦𝘪𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴, 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘢𝘯𝘥 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘪𝘰𝘯𝘴 𝘸𝘪𝘵𝘩 𝘦𝘢𝘴𝘦. 𝘍𝘦𝘦𝘭 𝘧𝘳𝘦𝘦 𝘵𝘰 𝘴𝘦𝘯𝘥 𝘶𝘴 𝘢 𝘮𝘢𝘪𝘭 𝘢𝘵 𝘯𝘪𝘺𝘪𝘢𝘮𝘢@𝘺𝘢𝘩𝘰𝘰.𝘤𝘰𝘮 𝘰𝘳 𝘳𝘦𝘢𝘤𝘩 𝘶𝘴 𝘰𝘯 𝘞𝘩𝘢𝘵𝘴𝘈𝘱𝘱 𝘢𝘵 +234-08126194751

Be Wary of these Scams (1): The Business Investment Scheme How to register a business in Nigeria

𝟱𝟬𝟬 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗖𝗼𝘂𝗻𝘁𝗶𝗻𝗴

We've successfully assisted our customers to register 500 business names, companies and NGOs. We are grateful for your patronage. Thank you. But there's still much ground to cover.

In 2017, the National Bureau of Statistics in a survey stated that about 90% of MSMEs are yet to legalise their business by registering them with the CAC. Today we believe that that figure has scarcely changed.

Part of our goals at EBR is to improve that NBS stats. And we cannot do it without you. Help us get the word out. Help us get to 1,000 registrations.

𝑊𝑒 𝑎𝑟𝑒 𝑎 𝑓𝑖𝑟𝑚 𝑜𝑓 𝐶𝐴𝐶 𝐴𝑐𝑐𝑟𝑒𝑑𝑖𝑡𝑒𝑑 𝐴𝑔𝑒𝑛𝑡𝑠. 𝐶𝑎𝑙𝑙 𝑜𝑟 𝑊ℎ𝑎𝑡𝑠𝐴𝑝𝑝 𝑢𝑠 𝑡𝑜𝑑𝑎𝑦 𝑜𝑛 𝟬𝟴𝟭𝟮𝟲𝟭𝟵𝟰𝟳𝟱𝟭.

𝐈𝐬 𝐘𝐨𝐮𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 "𝐀𝐜𝐭𝐢𝐯𝐞" 𝐨𝐫 "𝐈𝐧𝐚𝐜𝐭𝐢𝐯𝐞"?

This doesn't mean if you're operating the business or not. It means if you've filed your annual returns up-to-date with the CAC.

If you registered your company or business before 2021, and you've not filed your annual returns, then the status of your company will be Inactive.

The implications of these, especially for those who conduct businesses and travel outside of the country using their company names, is that embassies and organisations will not give approvals to your proposals until you file your annual returns up-to-date.

Annual returns is filed yearly before the month of June, and the cost of filing is negligible compared to the heartache you will have if you don't file it.

𝑊𝑒 𝑎𝑟𝑒 𝑎 𝑓𝑖𝑟𝑚 𝑜𝑓 𝐶𝐴𝐶 𝐴𝑐𝑐𝑟𝑒𝑑𝑖𝑡𝑒𝑑 𝐴𝑔𝑒𝑛𝑡𝑠, 𝑎𝑛𝑑 𝑐𝑎𝑛 𝑎𝑠𝑠𝑖𝑠𝑡 𝑦𝑜𝑢 𝑡𝑜 𝑓𝑖𝑙𝑒 𝑦𝑜𝑢𝑟 𝑎𝑛𝑛𝑢𝑎𝑙 𝑟𝑒𝑡𝑢𝑟𝑛𝑠 𝑎𝑛𝑑 𝐴𝑐𝑡𝑖𝑣𝑎𝑡𝑒 𝑦𝑜𝑢𝑟 𝑠𝑡𝑎𝑡𝑢𝑠 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝐶𝐴𝐶.

𝐶𝑎𝑙𝑙 𝑜𝑟 𝑊ℎ𝑎𝑡𝑠𝐴𝑝𝑝 𝑢𝑠 𝑡𝑜𝑑𝑎𝑦 𝑜𝑛 08126194751. 𝑊𝑒 𝑐𝑎𝑛 𝑔𝑒𝑡 𝑖𝑡 𝑑𝑜𝑛𝑒 𝑓𝑜𝑟 𝑦𝑜𝑢 𝑓𝑎𝑠𝑡.