ANNUAL RETURNS: THE NEED TO KNOW!
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
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