COMPANY REGISTRATION WITH CAC

For you to run a company in Nigeria; you must register the company under the appropriate authorities so that your company can be legally recognized.

SkyPro Professional Services will support you from start to finish in your company registration.

Wherever you are located is not an issue with us; irrespective of your location, our firm can work with you on your incorporation needs and deliver it on time. Even, if you are a foreigner or a Nigerian staying in Nigeria or outside Nigeria, we will work with you.

Categories of Companies/Business registration in Nigeria: -

• Public Limited Company (Plc.)
• Private Limited Company (Ltd)
• Incorporated Trustees (Inc.)
• Company Limited by Guarantee
• Unlimited Liability Company (Unlimited)

Advantages and Importance of Registration

The advantages of registration may be grouped into.

1.   Legal advantages.

2.   General advantages.

Legal Advantages of the Registration

1. Settlement of Claims

A registered company can file suit against third parties. So, the rights of registered companies are safeguarded by law. But an unregistered company or its partner cannot enforce its claim against the third parties or its co-partner.

2. Protection of Rights

The rights and privileges of new partners are also protected in registered companies.

But if an incoming partner fails to register himself, he will incur great risk, because he will not be in a position to file suit for his dues against his companies or his co-partners.

3. Protection of Property

The property of the retired or deceased partner continues to be liable for the acts company does after his death or retirement until public notice is served for the change to a registrar, so there is a strong inducement for partners of registered company to have the changes noted in the register.

But there is an unregistered company, the private property of the out-going partner will be considered liable to charge the debts despite retirement.

4. Protection to creditors

The registered company has to maintain the correct, complete, and up to date record of its partners who will be liable for the obligations of the company.

The statement recorded in the register regarding the constitution of the company would afford a strong safeguard against an untrue refusal of partnership and the evasion of liability to persons who want to deal with the company.

General Advantages of Registration

1. Government Facilities

The government provided many facilities and privileges to registered companies. It gives protection to business and production, which makes it more profitable.

2. Public Confidence

People have more confidence in the registered company than in the unregistered company because they think that these companies are working under the supervision of government and there are no chances of fraud or misrepresentation on behalf of registered company.

Thus, they make business contracts with them without any fear.

3. Credit Facilities

Bank and other financial institutions provide credit to registered companies without any hesitation. As these companies abide by the government rules and regulations, so they have full trust in them.

4. Legal Protection

The registered company has full legal protection as compared to unregistered companies.

As they work strictly by government rules and regulations, so they have no fear from the government to turn their work Illegal. Thus, these companies work with liberty without any fear

5. Business Reputation

Registration adds to reputation. Other companies cannot copy their products. Such companies use their trademarks, which are registered, and no other company registered or not registered can use this trademark.

These company advertise only their trademark but not products. When people find a product up to their standard, they note its trademark. This makes the company’s business more profitable.

Consequences or Effect of Non-Registration

The non-registration creates the following disabilities.

1. Disability of company

An unregistered company cannot file suit for the recovery of the dues or the other matters against third parties.

2. Disability of Partner

The partner of a non-registered company cannot bring a suit for the enforcement of a right against a third party or his co-partner unless the company is registered.

3. Ability Against company and Partner

The third-party has full right to file a suit of their dues against the unregistered company and the partners.

Contact Us Today:

WhatsApp/call: https://wa.me/+2348066134248

Website: https://skyproservices.com.ng/