NIGERIA IMMIGRATION CONSULTANT


We grant professional advice/consultancy services to individuals and corporations on immigration facilities pertaining to foreigners entering, living, and or working in Nigeria kosher with the immigration laws of Nigeria - The Nigeria Immigration Act, 2015 (as amended).

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DIFFERENCE BETWEEN ENTERPRISE AND LIMITED COMPANY IN THE CONTEXT OF CAC

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Do you know the difference between a Business Name AKA Enterprise and Limited company? Most people don’t. Babel Consult does! (If you already know the difference, and want to get started on a name reservation for a business name then  click here ) What is a business name? Business name registration  allows a person or company to operate under a separate name. Let’s say your name is “Mustapha Ngonadi”. Mustapha sells fine leather shoes. Mustapha feels that it would be more professional to operate under a new name. Mustapha decides that “Italian Leather Goods”is a good name and proceeds to register it. This means Mustapha can invoice his customers under “Italian Leather Goods” and not “Mustapha Ngonadi”. Mustapha’s official documents read as follows: “Mustapha Ngonadi” trading as “Italian Leather Goods” Business name for a pre-existing company Let’s say there’s a company called “Tea House Limited”. Tea House only sells tea through its chain of stores.
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WHAT YOU NEED TO KNOW WHEN CHOOSING BETWEEN REGISTERING A BUSINESS AND INCORPORATING A COMPANY

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A  business  typically exists as soon as the person engaging in the activity says it does. The label  business  is simply a statement about intent: if you intend an activity to make money by providing goods or services to customers, congratulations, that activity is a business. A  company , on the other hand, is a particular operating structure registered in some jurisdiction. They come with substantial rights and responsibilities. Many entrepreneurs wonder whether their businesses should become companies (via a process called “incorporation”) and, if so, when, and what form of company? We’ve written a quick guide to explain this. What is the alternative to incorporation? By default, a business has no existence apart from its owners. This is called a  sole proprietorship.  if it has only one owner or a  partnership  if it has multiple owners. In the U.S. for instance, Sole proprietorships are extremely common; the Internal Revenue Service (the U.S. taxation agency) is
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TYPES OF COMPANIES IN NIGERIA

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The following guide is designed to help you understand the various structures and types of Nigerian businesses, from sole trader to PLC. If you require further information, please visit our forum alternatively contact us. Sole trader This is the simplest form of enterprise, it as it does not require registration, though the sole trader may wish to register the business name to exclude other businesses from trading by the same name. It is the type of business in which the owner of the enterprise is exposed to the greatest personal risk, because the sole trader is personally responsible for all aspects of the business and has unlimited liability to all debts and legal actions.
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