Music Company Registration

Registering a private limited company offers several advantages for musicians. It provides a legal entity separate from the individual members, offering limited liability protection. It also enhances professionalism, credibility, and trust in the industry. Additionally, it enables better financial management, facilitates partnerships, and opens up opportunities for funding and investment.

Yes, registering a private limited company is beneficial for solo artists as well. It helps separate personal and business assets, protects your personal finances, and allows for a clear distinction between your artistic work and personal affairs. It also establishes a more professional image that can attract business opportunities and collaborations.

Here are some general requirements that may be necessary to register an Entertainment business as a private limited company:

• Proposed Names of Company (Provide two options).
• The registered address of the company (Local Address Required)
• Nature or objects of the business.
• Amount of minimum issued share capital (Atleast N1000,000 for local companies and N10,000,000 if foreign participation)
• Details of subscribers, directors, and shareholder representatives (if applicable)
• Details of company secretary (if applicable)
• Copies of ID documents of subscribers, directors, secretaries, and shareholder representatives (if applicable).
• Samples of signatures of subscribers, directors, secretaries, and shareholder representatives (if applicable). 

While it is difficult to provide an exact timeline, the registration process in Nigeria can usually be completed within a few days to a couple of weeks, provided that all the necessary documents and information are in order, and there are no exceptional circumstances or delays.

It's important to note that the timeframe may also depend on factors such as the workload of the CAC and any additional requirements or approvals that may be applicable to specific industries or business activities within the music industry.

We have a record of Incorporating a company in 48 Hours. The time taken for registration will depend on the submission of relevant documents by the client and the speed of Government Approvals.

Name Search: 6 - 24 hours from submission.
Grant of Certificate of Registration: 2 - 7 Days from filing.
Total time: Approximately 3 - 7 working days.

Yes, it is possible to change the name of your music business after registering it as a private limited company. The Companies and Allied Matters Act (CAMA) in Nigeria allows for the alteration of a company's name through a formal process. You can contact us to begin. 

You'll get:

• Certificate of Incorporation
• Memorandum and Articles of Association
• Status Report
• Tax Identification Number (TIN)
   

Applications are usually delivered in 3-7 business days.

An entertainment company is a business that operates in the entertainment industry, involved in the production, distribution, and promotion of various forms of entertainment, including music, film, television, theater, and sports.

There are several types of Entertainment companies we can assist you in registering. Here are some of the most common types of Entertainment companies:

• Record Labels
• Music Publishers
• Music Production Companies
• Talent Agencies / Management Companies
• Music Promotion Companies
• Entertainment Blog, Websites, newspapers, magazines, or books companies
• Music Technology Companies
• Film Production Companies
• Live Event Companies
• Music Retailers
• Music Venues
• Multimedia Companies
• Booking Agencies
• Music Education Companies
• Podcast / Vlog Companies
• Music Festivals / Entertainment Events companies
• Animation companies
• Fashion Industry Companies
• Entertainment Influencing / Online PR companies
• TV / Radio Companies
• Music Education Companies 

Absolutely! We offer post-registration compliance and ongoing company maintenance services to help you fulfill your legal obligations. This includes assistance with annual filings, maintaining statutory registers, updating director and shareholder information, and providing guidance on corporate governance matters.

Shareholders are people who own shares in a limited company – and shares indicate how ownership of the company is divided. Therefore, shareholders collectively own the business.

Anyone, including both individuals and organizations, can be a shareholder in a limited company. Shareholders have a say in some company decisions (‘voting rights’), like changing the company name and appointing or removing directors. But shareholders don’t run the company unless they’re also directors.

To incorporate a private limited company, a minimum of 1 shareholder/owner is required, and can have up to a maximum of Fifty Shareholders. A private limited company must have a minimum of 1 Director. The shareholder can also act as the Director. 

The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Nigerian Private Limited Company.