We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.



If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160.

HOW TO CLOSE A REGISTERED PARTNERSHIP IN NIGERIA

For a partnership to be dissolved i.e brought to an end, it can be in either of the following ways:

1. Act of partners i.e agreement of partners.

2. Operation of law such as expiration of term or death of a partner.

3. Dissolution by the court.

HOW DO I CLOSE AN INCORPORATED TRUSTEE

An incorporated trustee can be dissolved by the court after a petition for dissolution has been brought by either the governing body or
council, one or more trustees, members of the association constituting at least 50% of the total membership, and the Corporate Affairs
Commission.
According to Section 850 (2) of CAMA, an incorporated trustee can be dissolved on these grounds:

1. The aims and objects for which it was established have been fully realized and no useful purpose would be served by keeping the corporation alive.
2. The body corporate is formed to exist for a specified period, that period has expired and it doesn’t need to continue to exist.
3. All the aims and objects of the association have become illegal or otherwise contrary to public policy.
4. It is just and equitable in all the circumstances that the body corporate be dissolved; and
5. The certificate of registration of the association has been withdrawn, canceled, or revoked by CAC.

For dissolution of incorporated trustees to be effected, there must be a petition by the persons approved by the commission; a notice will be sent to those who will be affected by the intended dissolution. Also, after the satisfaction of debts and liabilities, all remaining properties shall not be shared amongst members but shall be transferred to another institution with objects similar to the object of the association.

South South Trans Line Limited® already registered and Incorporated with the Corporate Affairs Commission.

It will be a trail blazer in the transportation Industry in Nigeria.


More are underway.

Register your business today, Call/WhatsApp 07033097160.

HOW DO I CLOSE A COMPANY IN NIGERIA?

For a registered company to be closed in Nigeria, it can either be compulsory winding up by the court, members, or creditors’ voluntary winding up or winding up subject to the supervision of the court. For there to be a compulsory winding up by the court, certain grounds must be available for that to succeed. Some of the grounds are:

1. The court thinks that it is just and equitable that the company should be wound up.

2. The company is unable to pay its debts

3. Where there is default in delivering the statutory report to the commission or in holding the statutory meeting.

4. The company has by special resolution resolved that the company be wound up by the court.

5. The condition precedent to the operation of the company has ceased to exist, for instance, the object for which the company was formed
has been fulfilled.

For member’s voluntary winding, the members must declare solvency, that is to say, they have made a full inquiry into the affairs of the
company and have formed an opinion that within 12 months from the commencement of the winding up, the company will be able to pay its debts in full. Where the members neglect to do this, the creditors of the company will step in and petition for the winding up of the company.

We also have winding up subject to the supervision of the court. Here, upon application made by creditors, contributors, and others entitled under compulsory winding up, the court will step in and appoint someone (liquidator) to oversee the winding up of the company and distribute its assets. Where the affairs of a company have been fully wound up, the liquidator will make an application to the court for the dissolution of the company.

Prospect Hall Trans Line Limited® already registered and Incorporated with the Corporate Affairs Commission.

It will be a trail blazer in the Vehicle Importation business in Nigeria.


More are underway.

Register your business today, Call/WhatsApp 07033097160.

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Reasons for Cessation of Business:

1. By Court order

2. Cancellation by the commission (CAC)

3. Death of proprietor or all the partners

4. Voluntary

If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160.

We assisted clients/ promoters in the following areas:

1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings etc)

6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations at a subsidized fees).

Do you have trouble choosing a business name for your business? Let's get you an ideal names fit for your business activity or nature of business.

Let's register your business today.

There is a fundamental difference between an annual returns and tax filing. CAC annual returns are specific to maintaining an entity's legal status and providing updates to the CAC registry, while tax returns are related to reporting income and financial information for the purpose of calculating and paying taxes to the government.

Did you know the Commission''s Refund Policy?

CAC Nigeria has a refund policy. There are some situation where a refund will be necessary e.g double payment deduction, a mistake of overpayment etc. This will demand the applicant apply for a refund. The process is as follows:

An application for refund stating clearly the reason for refund.

Such application must carry the name, telephone number, account number and an active email address, for ease of communication with the applicant/beneficiary.

Applicant must attach evidence of payment(s) made (i.e. Remita Retrieval Reference).

Where there are multiple payments in a transaction, all the receipts must be attached to the application.

Where the reason for refund is as a result of the applicant’s fault, a deduction of 5% administrative charge is applicable.

Where refund relates to Pre-incorporation and Post-incorporation applications, payments shall be made to the Payer and Principal respectively.

Application for refund shall be forwarded to the audit department email address.

Let's Register your business today.

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For all registered businesses owners, it's advisable to file for a change of business address is you have re-located your business services to a new location or used a demo address during your registration.

Do I Need A Business Bank Account in Nigeria

When it comes to opening a bank account in Nigeria, there are a few requirements that you need to meet to ensure a smooth process.

Whether you’re a small business owner or a large corporation, having a business bank account helps you stay organised, maintain accurate financial records, and take advantage of various banking services.

Why Do You Need A Business Account for your business?
Opening a business bank account in Nigeria has a lot of advantages. A corporate bank account offers the following the following benefits including but not limited to:

To show professionalism: A business bank account shows your customers how dedicated you are as a business owner. When your business name appears instead of your personal name during a transaction, you tell everyone you mean business.

To build trust with your customers: Having a business bank account increases customer trust. People feel safer sending money to a business account than a personal one.
To build credit and access loans: Every business would require a loan at some point.
As a result, one of the requirements for obtaining a large loan is having a business account with a history of paying back your previous smaller loans on time. With a good record attached to your business, you can quickly get the loan you need to grow and expand.

To get more control over your money: With a business account, you can separate your business funds from your personal funds. With this dedicated account, it’s easier for you to make smarter financial decisions and keep track of your cash flow.

To get accurately taxed: a business account ensures you are adequately taxed based on your business-generating potential. Using a personal bank account may result in excessive taxation by the tax management system.

Bank Account Opening Requirement in Nigeria

Now that you understand the advantages of opening a bank account in Nigeria, let's look at the following requirement(s). Please note that requirement may vary depending on the status of your business. To open a business bank account, you will need:

Business registration documents: You must provide proof of the company business registration, such as a certificate of incorporation, business name registration certificate, or any other relevant documents as required by the bank.

Tax identification number:
All businesses must have a Tax Identification Number (TIN) to open a bank account in Nigeria. This number is issued by the Federal Inland Revenue Service (FIRS) and is used for tax purposes.

Business address:
You must provide the bank with address of the business, including the physical location, postal address, and contact details.

Directors or shareholders information: Depending on the type of business structure, you may need to provide details of the directors, shareholders, or partners of the business. This can include passports photograph of the shareholders, bank verification number, power holding company of Nigeria, waste management authority Lawma bill, valid international passport or driver's license.

We are open for consultations.

What's the difference between business name and company name?

Contrary to what some may think, a business name and a company name are not synonymous with one another. The key difference between a company name and a business name is that a registered business name is the name in which a venture operates under. A company name, however, is a legal entity on its own.

Initial deposit: Most banks require an initial deposit to open a business bank account. This amount can vary depending on the bank and the type of account you’re opening.

That’s all it takes to pass the requirements and open a business account in Nigeria. With that, you’ve made managing your business’ finances organized and more professional.

With your newly created business bank account, you can access financial solutions essential for helping you grow your business and reach your financial goals. Opening a business account offers you a lot of benefit for growing your business in Nigeria.

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.



If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160.

Do you own or manage a provision shop in Nigeria? Where is your CAC document? It gives the legal right to carry on the business.

We are CAC’s accredited agent, assisting individuals and entities for Enterprise and Company’s registration in Nigeria. We can be contacted through the below contact details/ 07033097160.

Register your business with us and gain legal and formal representation.