Tag: company
Learn how to – 5 Important Initial Steps When Starting a Tech Company
Learn how to – 5 Important Initial Steps When Starting a Tech Company. Any tech startup is entering an extremely competitive market. If you’re thinking about starting your own company, you should check out these five important initial steps. When you’re thinking about starting your own tech company, you need to be aware that you’re …
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How to Start a Successful Logistics Company in Nigeria 2023
Logistics firms arrange, store, and transport products and services from one location or person to another. It might be a great distance (international) or a short distance (local). Most people prefer to use the terms “delivery business” or “courier services” instead of logistics. Because they provide transit between e-commerce businesses and customers, logistics services will …
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How to Pay NHIF via M-PESA (Company, Employer, Employees)
Do you want to know how to pay the NHIF penalty, contribution, byproduct, and card via MPESA for company, employer, employees, and self-employed in Kenya? If YES, then this is the only post to read today. Getting started… Pay NHIF via MPESA How to pay the NHIF via MPESA is a common challenge among Kenyans. …
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Winding up a company in Nigeria
Understanding the process Winding up a company is a legal process that involves dissolving a company and distributing its assets to its creditors and shareholders. In Nigeria, the process of winding up a company is regulated by the Companies and Allied Matters Act (CAMA) 2020, which replaced the previous 1990 version. The new CAMA provides …
Company Secretary: Meaning, duties, and more
Before the coming of the Companies and Allied Matters Act 2020 (CAMA 2020), every company, whether public or private, was required to have a company secretary. In the present CAMA 2020, a private company is no longer required to have a company secretary at incorporation but can appoint one after the company has been incorporated. …
How to change the objects of a company in Nigeria
A company’s object holds significant value to the overall activities of the company. The directors, creditors, shareholders and the general public depend on the contents of a company’s object to understand the position of the company’s capacity to contract. The object of a company is similar to its core presence, it explicitly states what a …
How to increase the share capital of a company in Nigeria
The shares of a company are its most common assets traded to raise capital. Companies usually offer their shares to investors in exchange for a price while raising funds for their operations. Under the Companies and Allied Matters Act (CAMA) 2020, private companies must have a minimum share capital of 100,000 shares while public companies …
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Holding company: Meaning, types, advantages & disadvantages
A holding company naturally lives for one objective, which is governing or overseeing different companies. Properties such as patents, real estate, inventories, and different investments may be possessed by holding companies. Holding companies are financial institutions that possess a controlling interest in different companies, which are termed subsidiaries or subsidiaries. The holding company plays a …
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Understanding Limited Liability Company in Nigeria
A limited liability company can be defined as a company where the liability of the shareholders is limited to the quantity of share capital of each shareholder if ever the Company is liquidated. The shareholders agree to bear responsibility only up to the number of their shares in that Company. A company is an association …
Subsidiary company: Meaning, how it works, pros & cons
The world of business is filled with thousands of varying practices aimed at increasing a company’s revenue while adding value to its activities. Most times a company can be created with varying objectives that are outrightly distinct, when this occurs, the company is likely to establish various corporations to meet up certain aspects of its …
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