ANNUAL RETURNS: THE NEED TO KNOW!


Hey People!

We have decided to suspend the Mini-Law-Series! Not to worry we are still here!!

In view of the directive of the Corporate Affairs Commission as regards Registered Business Names and Incorporated Companies, we are starting a new series which will run for the next couple of weeks!!!

What is our aim with this new series? To offer premium legal services to Start Ups, Companies and the Business Community as a whole. So if you fall into any of the identified categories, stay with us!

Annual-Returns-Series (Pt.1)

·      *  If you have registered your business name or incorporated your Company, the law requires you to file Annual Returns alongside some other legal documents prepared by a lawyer yearly. Of course, this is subject to certain exceptions provided by the law.

·       *  As long as the business name has been registered and/or the Company incorporated, you MUST file ANNUAL RETURNS.


·       *  Where ANNUAL RETURNS is not filed duly and in the manner prescribed by law, the Corporate Affairs Commission has the power to remove the name of such a Business or Company from her portal.

·        * The implication of the above, is that the Company and/or Business ceases to be a going concern. And more worrisome, is the fact that the NAME (which is already known and peculiar to your brand) can be given to someone else. WAOH!

To be continued.

Do you need help filing your Annual Returns? Would you like to talk to a lawyer about your business and the appropriate legal structure?    Please reach out to us on: 08090956207 or onlinelawclinicteam@gmail.com

#onlinelawfirm#annualreturns#corporateaffairscommission#businessname#companies#consult#structure#onlinelawclinic#onlinelawclinicteam#annualreturnseries#minilawseries#corporateadvisory

Comments

Popular posts from this blog

MAKE A WILL:Not a death wish! (Pt. 1)

Lessons from Covid-19

Lessons from the Okada ban