Company Registration
You have a great idea that you feel will make you millions. The next step is to draft a business plan and get the initial funding. But something is still lacking!!
- You need a proper business name to show that you are serious
- You need a bank account in that name
- You need a professional email
- How can you do this? Contact us now!!
Having a registered business gives you the right to officially trade as a business person; and it gives potential clients and investors the confidence that you are not a fly-by-night business. Furthermore, registering a business gives you access to legal and financial frameworks that will enhance and protect your operations. For example, you can open a bank account and obtain financial assistance through an overdraft or a loan. When your business is registered, you can pay and claim VAT, you can sell shares in your company and approach investors, you are protected in terms of specific acts and legal instruments, and the list of benefits continues.
A company is a complex business structure and operates as a separate legal entity. The owners are called shareholders. A Private Company can have a minimum of 1 and a maximum of 50 shareholders, whereas a Public Company can have more than 50 shareholders.
A PBC or Private Business Corporation can have 1-10 owners, referred to as members, who own and manage the PBC. Their interest in the PBC is indicated in percentages, i.e. you have 25% or 50% interest in the business. Legal responsibility is minimal.
Below is the ideal Entity registration process of the company registration process as advised by the Registrar of Companies. However, please note delays can happen from both sides of the business
Step 1: REIN Company registration form
Step 2: Name Search
Step 3: Filing of company papers
Step 4: Registration of Company
Step 5: Collection & Dispatch to Client