, 5 tweets, 3 min read Read on Twitter
Company Registrations are in categories
1. Business name
2. Limited company
2a. Private limited company
2b. Public limited company
3. Trustees such as
Churches
NGO
CLUBS
FOUNDATION
ASSOCIATION
@oliversimon3 @thepamilerin
@__nhyira__ @D_accessoryplug @iam_smithsydny @CACCOT1
1. Business name is for sole proprietors, mostly one man business and SME, one person can own it.
2a. Private Limited company
has classes according to number of shares assigned to it by CAMA Laws:
Least is 10k shares, the standard shares capital for most businesses is
1m shares suitable for export/import and even contracts etc
E.g Freight forwarding is 5m shares,Foreign airlines representatives and Ticketing 2m shares,there are businesses that require 20m share capital,500m share capital
N.B dt money is nt required 2 be set aside
@henryshield
Public limited company has share class as well and varies from business to business but the directors too are more in number
Trustees are generally nonprofit, interest Free organization, groups or bodies
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