UNDERSTANDING THE DIFFERENCES BETWEEN A LIMITED LIABILITY COMPANY AND A BUSINESS NAME

INTRODUCTION Today many profit-oriented ventures are either registered as a business name or incorporated as a company, paying tax and enjoying the incidence of doing business in Nigeria. Many lawyers whose forte is within the terrain corporate law Practice would agree that one question they continue to answer everyday from Nigerians who intend to go … Continue reading UNDERSTANDING THE DIFFERENCES BETWEEN A LIMITED LIABILITY COMPANY AND A BUSINESS NAME

HOW TO REGISTER GROUP OF COMPANIES, HOLDING COMPANIES & CONSORTIUM OF COMPANIES IN NIGERIA.

The formalization of Group of Company. One of the restricted words or phrase requiring consent before its use, under the Companies and Allied Matters Act is the use of the word “Group” or “Group of Companies” except and until the requisite consent has been sought obtained from the Registrar General of the Corporate Affairs Commission. … Continue reading HOW TO REGISTER GROUP OF COMPANIES, HOLDING COMPANIES & CONSORTIUM OF COMPANIES IN NIGERIA.

HOW TO OBTAIN MONEY LENDERS LICENCE IN LAGOS, ABUJA AND DELTA STATE

INTRODUCTION Money Lending is regulated by various laws existing in the individual states where the business operates from. The Money lending business is regulated by the MONEY LENDERS’ LAWS OF LAGOS STATE, THE MONEY LENDERS’ ACT, CAP 525 LAWS OF FCT VOL 3 2007 in Lagos and Abuja respectively. PROCEDURE FOR OBTAINING THE MONEY LENDER … Continue reading HOW TO OBTAIN MONEY LENDERS LICENCE IN LAGOS, ABUJA AND DELTA STATE

THE DISTINCT FEATURES OF A LIMITED LIABILITY PARTNERSHIP AND A LIMITED PARTNERSHIP UNDER THE CAMA, 2020

The incorporation of Limited Liability Partnerships (LLP) and Limited Partnerships (LP) have been provided for under the recent enactment of the Companies and Allied Matters Act, 2020 (“CAMA 2020” or “the Act”). A crucial difference between LLPs and LPs can be seen in the description of the former under Section 746 (1) of the CAMA … Continue reading THE DISTINCT FEATURES OF A LIMITED LIABILITY PARTNERSHIP AND A LIMITED PARTNERSHIP UNDER THE CAMA, 2020