Best Business Registration Lawyers in Lagos

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Goldsmiths Solicitors
Lagos, Nigeria

Founded in 1962
15 people in their team
English
Goldsmiths Solicitors is a leading business law firm based in Lagos, the commercial hub of Nigeria.We are passionate about offering all our clients first-class professional services which is based on commercial realities. Our services are built around the delivery of clear, pragmatic, accurate and...
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Founded in 1976
50 people in their team
English
Olisa Agbakoba Legal (OAL) is a leading world class legal solutions provider with clients in diverse sectors of the Nigerian economy. Our diversified skills ensure that we provide innovative legal solutions to our clients. At OAL, we are always devoted to our EPIC values: our excellence,...
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Moland Partners

Moland Partners

15 minutes Free Consultation
Lagos, Nigeria

Founded in 2000
50 people in their team
English
Moland Partners is an advisory and consultancy law firm made up of a team of highly driven professionals with in-depth knowledge of corporate and commercial law, real estate advisory, corporate governance and immigration. Our expertise positions us to offer the most practical solution to challenges...
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Adeola Oyinlade & Co
Lagos, Nigeria

Founded in 2014
21 people in their team
English
Adeola Oyinlade & Co. is a leading full-service law firm with its head office in Lagos, Nigeria. As a leading law firm in Nigeria, we offer a variety of legal services to a vast range of national and foreign clients.The firmโ€™s corporate, commercial and business advisory expertise covers...

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Aluko & Oyebode
Lagos, Nigeria

Founded in 1993
50 people in their team
English
INTERNATIONAL STANDARDS, LOCAL EXPERTISEAt Aluko & Oyebode, multi-national companies, local entrepreneurs and pro bono clients can expect the same level of world class legal services delivered with the highest ethical standards. As the largest full-service commercial law firm in Nigeria, we...
GAVEL & GREY LEGAL PRACTITIONERS

GAVEL & GREY LEGAL PRACTITIONERS

30 minutes Free Consultation
Lagos, Nigeria

Founded in 2021
5 people in their team
English
Yoruba
About UsLocated in the heart of Nigeria, Gavel & Grey LP stands as a beacon of legal excellence and innovation. Our firm is renowned for its profound expertise in a comprehensive array of legal domains, including Commercial and Corporate Law, Entertainment Law, Intellectual Property, Property...

Founded in 1987
10 people in their team
English
About usHermon Legal Practitioners (HERMON) evolved in the year 2000 from the stellar practice of Osinbajo, Kukoyi and Adokpaye, which began in 1987.Recognised for our strong focus as a full-service Corporate Commercial Law Firm, which has demonstrated specialist knowledge, skill and experience...

Founded in 2003
50 people in their team
English
Our StoryPrinciples Law Partnership is a firm of Barristers, Solicitors, Arbitrators, Notaries Public and Registered Capital Market Consultants.It has its offices in Port Harcourt, Rivers State and Lekki, Lagos.Principles Law Partnership was founded in 2003 by Mrs. Miannaya A. Essien SAN, FCI Arb.,...
Minerva Legal
Lagos, Nigeria

Founded in 2000
50 people in their team
English
OverviewMinerva Legal (ML) is a full-service Nigerian law firm with international reach and an exceptional breadth of services.  We pride ourselves in providing strategic and pragmatic legal guidance, which is client-focused.ML is a modern law firm with traditional values, strategy and...
IOC LAW
Lagos, Nigeria

Founded in 1990
50 people in their team
English
Our StoryStarting and growing a business in Nigeria presents its own unique legal challenges and in recognition of the need to properly manage these challenges,  we at IOC Law have developed our practice to exclusively support Entrepreneurs. We go beyond just providing exceptional legal advice...
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Nigeria Business Registration Legal Questions answered by Lawyers

Browse our 2 legal questions about Business Registration in Nigeria and the lawyer answers, or ask your own questions for free.

Timeline, Requirements, and Costs for Company Registration with the CAC
Business
Business Registration
New Business Formation
should take about a month and usually costs from 80,000 to 1,000,000 depending of  the share capita of the company
I want to start upa disatch rider company i. Enugu. Courier a d logistics. Company
Business
Business Registration
New Business Formation
the first and basic step is for you to have your courier business registered with the CAC.kindly contact us on 09078641655 gavel & grey LPwe help new businesses geto all necessary certification 

About Business Registration Law in Lagos, Nigeria

Business registration in Lagos, Nigeria is a crucial step for entrepreneurs looking to establish a formal entity to operate their business legally. This process is regulated by the Corporate Affairs Commission (CAC), which is responsible for enforcing compliance with the Companies and Allied Matters Act (CAMA) 2020. This legislation ensures that businesses are properly incorporated, providing legal protection and identity. The process involves choosing a business name, determining the structure (e.g., sole proprietorship, partnership, or company), and submitting necessary documentation.

Why You May Need a Lawyer

Engaging a lawyer during business registration can be advantageous in several circumstances. First, a lawyer can help navigate the complexities of CAMA, ensuring your business structure aligns with legal requirements. They can interpret terminologies and clauses that may otherwise be confusing. Additionally, lawyers can assist with drafting and reviewing incorporation documents, ensuring you meet all statutory obligations, and advising on compliance matters that could impact your business continuity. For foreign investors, legal assistance is invaluable in understanding local business laws and permits required to operate legally.

Local Laws Overview

The key legal framework governing business registration in Lagos includes the Companies and Allied Matters Act (CAMA) 2020, which streamlines the business registration process. It introduces innovations such as electronic filing, the need for at least one shareholder, and allows for single-director companies. The Finance Act also impacts business registration by setting regulations that affect company taxation, while the Lagos State Revenue Administration Law governs local taxes owed. Understanding these laws is critical to ensuring compliance and avoiding penalties.

Frequently Asked Questions

What types of business structures can I register in Lagos?

You can register as a sole proprietorship, partnership, limited liability company (LLC), or a cooperative society. Each comes with different legal and financial implications.

How long does the business registration process take?

The timeline varies, but typically it takes between two to three weeks to fully register a business, assuming all documents are correctly submitted.

What documents are required for business registration?

Typical documents include a completed application form, proof of identity for directors, passport photographs, and evidence of the registered business address.

Is name reservation compulsory?

Yes, you must reserve your business name with the CAC before proceeding with the registration to ensure that it is not already in use.

Can a foreigner register a business in Nigeria?

Foreigners can register a business, but they must fulfill additional requirements, such as obtaining a business permit and expatriate quota from the Ministry of Interior.

What is the role of the Corporate Affairs Commission?

The CAC is responsible for regulating and supervising the formation of companies, ensuring compliance with CAMA, and maintaining the corporate registry.

Do I need to register with the Federal Inland Revenue Service (FIRS) after registration?

Yes, all registered businesses must obtain a Tax Identification Number (TIN) and comply with tax obligations as mandated by the FIRS.

What are the benefits of registering my business?

Benefits include legal protection, access to bank loans and credit, eligibility for government contracts, and enhanced corporate identity.

Can I register my business online?

Yes, the CAC has an online platform that allows for electronic submission of documents and business registration processes.

What are the legal consequences of not registering my business?

Operating an unregistered business may result in penalties, lawsuits, and the inability to enforce contracts legally.

Additional Resources

The following resources can help you further understand business registration in Lagos: - Corporate Affairs Commission (CAC) - Lagos Chamber of Commerce and Industry (LCCI) - Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) - Federal Inland Revenue Service (FIRS)

Next Steps

If you require legal assistance with business registration, consider contacting a lawyer specialized in commercial law and familiar with Lagos business registration processes. You can schedule a consultation to discuss your unique needs and obtain guidance tailored to your business goals. It's advisable to engage professionals with experience in Nigerian business law and local regulatory compliance to ensure your venture starts on the right foot.

Lawzana helps you find the best lawyers and law firms in Lagos through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Business Registration, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Lagos, Nigeria - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.