Is your company registered with CAC?
If the answer is No then this article will be of immense help to you.
Limited Liability Company by shares, by Guarantee and so on is really broad and not something one can just wake up in the morning and get him or herself involved without observing due protocols.
Below are the sections of this article:
- Limited Liability
- The cost of Registering a Limited Liability Company by shares.
- Duration Involved
- Details & Documents required.
- Accredited/Reliable Agency to Register
- How to get Tax Identification Number (TIN)
- How to Register.
- Limited Liability:
According to Wikipedia, Limited Liability is a legal status in which a person’s financial liability is limited to a fixed sum, most commonly the value of a person’s investment in a corporation, company or partnership.
In CAC, there are three main categories of Registration namely: Business Name, Limited Liability and Incorporated Trustees.
Limited Liability Company by shares is the category provided for companies limited by shares.
Why should I register under Limited Liability instead of Business Name or Incorporated Trustees?
The answer is; not all companies can be registered as Business Name or Enterprise.
Business Name as the name implies is for small scale businesses, it is a sole proprietorship, it is also known as “a one man business”. If you try to register a school or Higher Institution under Business Name you will get disapproval.
For Incorporated Trustees, it is simply an association or organization and not company or Business.
Limited Liability by Guarantee:
This type of Registration is for Higher Institution (University).
The cost of Registering a Limited Liability Company by shares.
You must have been asking “How much is CAC Limited Liability Company Registration (LTD) By Shares?”
The answer is here and you can even get it done at an affordable rate.
There are two major things that determines the price of a CAC Limited Liability Company by Shares Registration (Ltd)
- Shares
- Directors
- Shares will determine how much you will spend. The minimum share is 1 million but there are some services that cannot be registered with 1 million shares. Service like Financial Service. This type of Service requires Minimum of 20 million shares.
- Directors
The number of Directors you have will also determine your cost in terms of extra charges by the Agency or Agent that will register for you.
Therefore the cost of registering a CAC Limited Liability Company By Shares (Ltd) with Nt-Plus is N37, 995.
Shares: 1 Million
Directors: Not more than 3
This price is a Promo price and as such it can change anytime. Contact Our Consultant Now!
Importance, Benefits and Advantages of Limited Liability Company By Shares
- Legally Certified and Recognized
- Opening of Corporate Bank Account
- Ability to apply for Loan and Grant
- Access to acquire a huge contract
- Brand Name Security
Duration: How long does it take to register? With just 3–5 working days your company will be registered and certificate issued.
Also, you will be given the following Documents:
- Certificate of Incorporation
- Status Report
- Memorandum
- TN
All these with Nt-Plus!
- Details and Documents Required
Office Address, Type of Service, Email, Phone Number, Witness Information, Director’s Information, Secretary’s Information, Share- holder’s Information, Documents such as: ID card & signature.
- Accredited/ Reliable Agency to Register:
Nt-Plus is a reliable agency in Nigeria.
Very reliable, quick and affordable.
With just 3 – 5 working Days!
- How to get Tax Identification Number for Limited Liability Company with shares:
After approval, kindly download your certificate, check the bottom of the certificate and you will find your company TIN there.
HOW TO REGISTER CAC LIMITED LIABILITY COMPANY BY SHARES
Limited Liability is not like business name, it has a lot of processes which will require a professional to handle the work for you else you will end up losing your money, time and energy.
However, we shall provide a simple guide for you. If you have any challenge just contact us and we will help you out.
STEP 1
Create and account on CAC’s website and sign in.
STEP 2
Click on “Name Reservation” type in two proposed names, select “company” then select “Limited Liability by shares”. Proceed and make payment.
STEP 3
When the name is approved, click on “Start Registration”. Fill the company’s details. Add object.
STEP 4
Add witness, Draft and article of Memorandum and add it.
STEP 5
Add Director, add secretary, add Share Holders and Statement of Compliance.
STEP 6
Upload Means of ID and Signatures.
STEP 7
Preview and make payment, then wait for your Certificate.
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