A wife, can be a shareholder and also a director, but can’t be a witness, you must provide another person who is within or above 18 years for the witness space.
Well done boss.
Sir, you used Haruna been the owner and a director. You also used Haruna as witness, is that the same person used for the two or different person just same name?
No. That’s is not what i did.
Haruna, can be a shareholder and also a director, but can’t be a withness, you must provide another person who is within or above 18 years for the withness space.
Okay, do I need to charge extra if the capital share is more than 1million in addition to my service charge, or do I need to ask their capital share before I charge them?
All companies are usually 1M share capital for a start. Except, the client demand for higher share capital. However, bill extra 15K for every extra 1M share capital.
This is a wonderful teaching. However,how do I have the Form which the clients must fill before I proceed to registration so there wouldn’t be any mistake along the line?
immediately, you make payment for the CAC and it went through. A pumpup to make the FIRS payment will show. However always ensure you do screenshoot the REMITA Code down just incase network glitches happen
Thanks so much for demistifying CAC company registration.
Please is FIRS fee too a graduated one as CAC on share capital increments?
I mean FIRS payment for 1M is 8k
Is it 8k for 2M or graduated as CAC?
Thanks 🙏 and God bless you Coach for this awesome teaching material, pls sir having gotten this material now, doest it mean I can now have access to the CAC ACCREDITED AGENT PORTAL???
SUNDAY ASOGBA SO MUCH APPRECIATE YOUR TIMELY RESPONSE SIR.
No. immediately you pay for the CAC you will see where to pay for the FIRS payment. Note, before you make payment for the FIRS payment, ensure you taje a screenshot of the RRR Code. This is very important just in case the payment didn’t pull through.
Good afternoon coach. Really love your teaching approach. Please, i am new to the registration.Under the statement of issued share capital, there is an addition which is not on the video. They added type of company, which i chose entity below 5 millions. in front of it. minimum share of 100,000 appears as default. Are we to change it or leave it like that? Thanks
Thank you so much for this Coach. God bless you. So so explanatory and so much value gotten.
My question is what if the director wants to be the only shareholder? Are we going to still add him as the second shareholder or we’ll just put the whole #1million while registering him as the only shareholder? Thank you sir
Amazing! I thought I would never be able to carry out a Company Registration. But you have made it look like a bread in this teaching. Thank you so much Sir!
Good afternoon coach Franklin
In case a client said only him that want to own the share now at registration and latter after registration he now want others to join the company with the share , what are we to do.thanks
Wow! This is amazing. i love the way you simplified everything in the video. Please can you drop your whatsapp number in case there is any issue encountered during registration. Thank you sir.
Good morning boss.please I’m little bit confused about documents upload,I can see that you did not upload any passport only ID and signature you were uploading is it that company registration did not required passports upload or what cos when I did my business name registration passport upload was required.
Thank you Boss for this elaborate and we’ll detailed training. My question is how can one get the witness form to give to the client for the witness to fill? Thanks
NICE TEACHING. HOWEVER,I AM STILL USING PHONE FOR MY REGISTRATIONS. BEFORE I MAKE ANY PAYMENT,I USUALLY MINIMIZE THEN USE APP AND MAKE PAYMENT,WHICH IF I TRIED GETTING BACK ON THE PORTAL,IT WILL START AFRESH… HOW DO I GO ABOUT THIS IN THE CASE OF FIRS PAYMENT? OR WILL THAT COLUMN STILL APPEAR IF I GO BACK TO THE DASHBOARD?
On this, it will. However, ensure you screenshoot the RRR code of remit down just incase you are debited and the registration didn’t pull through to the final stage where the registration will be showing under pending.
With the RRR code. You should be able to sort out the transaction issues.
But without it. You will find it diffcult to verify the payments.
Thanks for the training, please l have the following questions.
How can we get the TIN? since u said in the business video that it comes with the company registration, we don’t have to go to FIRS site.
Why do they need witness info for coy registration?
As at now, TIN doesn’t come with the certificate anymore. Once the certificate is out you process that separately.
Secondly. witness info is needed because the person can say he was aware that the owner of the company is actually the onwner incase of any issue in the future.
Also want to ask, what’s the duration of getting the company registration approved?
And if I am registering a school, do I have to produce a proficiency certificate for it to be finally approved?
Good evening Coach.
A few things I need your clarity on Sir.
A client says he wants to a company (and he kept saying an enterprise. I don’t know maybe he wants to add it to the brand name).
He said he has partners in the business (and I saw an option of partners in your registration explanations there. I don’t know if it comes with a different form or cost). And he says it’s a sustainable agriculture where they produce organic animal feed and use them for our farms to raise livestock.
He said the total share should go for about 2.50million and it’s already in asset.
I’ve not been able to give him the cost because I wanted to be sure of that. I need clarifications and what the cost should be Sir.
QUESTION 1: The client is only mixing things up. He wants a company registration and not an enterprise, even though he adds “enterprise” to the company name. Inasmuch as it’s a company registration, you must end it with LTD.
QUESTION 2 & 3: There is no different form, actually. It’s a normal company registration by shares; that’s what you will do for him. Since he’s specific about the amount of shares that he wants, a 2,500,000 share capital company will cost N140,000. This is what you should bill him. However, your profit is included in this N140,000.
Thanks so much for this Sir,
But you didn’t mention where I get to upload PROFICIENCY CERTIFICATE perhaps the business or company will need one before it’s approval sir
This is we can’t direct. PROFICIENCY CERTIFICATE is usually university degree certificate or certification from any dedicated agencies of the government or bodies.
Thank you very much for the course sir,God bless you.
Concerning the document scanning,in cases where I have 1 director which is also the first share holder,then 2 more shareholders,how do I do it
Am I to scan the director’s document first,then the remaining 2 shareholders then the witness?
Good evening Coach. Under the ADD DIRECTOR. It’s not bringing the details of my client automatically like seen in this video. So am I going to fill him my client’s HOME ADDRESS or BUSINESS ADDRESS?
Please, I got a client registered as LLC for her school business and the profiency certificate she provided that I used was queried and CAC asking for TRCN which my client doesn’t have at the moment.
She’s just wanting to sit for the exam which the form will be out in November.
Please, I want to ask if the registration will not be cancelled because of the long pending in resolving the query. I’ve made payment for everything just the certificate query.
I can have it there with the pending query till the time she gets the certificate without them canceling the whole process???
Thank you coach.
My question;
Is it necessary for my client to provide a witness in the course of registration, my client already provided a shareholder.
Thank you very much sir for this lesson.
These are my questions sir,
– What is a stamp duty?
-If the Identification type of any of them is NIN, what should I choose in the lists,the only one I find similar to NIN is National ID which is 10 digits while NIN is 11 digits, please sir let me know whether there is no option for NIN so that I can ask my client to provide another means of ID.
– In my case,the shareholder is the same as the director, when uploading their means of ID merged together in PDF (including the witness), should I make that of the director who is also the shareholder appear twice?
1. Stamp duty is a form of taxation imposed by the government on your documents of incorporation -memorandum of Association as part of the legal requirements for officially incorporating the company and making it legally recognized. Stamp duty are paid via the Federal Inland Revenue Service (FIRS) and rates depends on the authorized share capital of the company.
2. NIN which stands for National Identification Number is captured as National ID on the portal. Other forms of identification accepted include; Drivers License, Permanent Voters Card or international passport.
3.One ID is okay for each person. Just indicate so by renaming the pdf file. For instance you rename as- IDs of Tope(Director, shareholder) and Temi (witness).
So you include one ID of Tope and one of Temi accordingly in the merged IDs.
Share capital depends largely on the nature of business. If the nature of business allows 1 million share capital, then having 10 owners would not affect. Hope this helps. Ubong Okituneng (WhatsApp – 09078915087)
Thank you very much for this self explanatory piece, Boss
I am glad it was value added! We celebrate you for taking our digital courses
This is massive. Thank you for the class. Detailed and patiently taught.
My question is this – can the wife be the witness and at the same time a shareholder?
Thank you, sir,
A wife, can be a shareholder and also a director, but can’t be a witness, you must provide another person who is within or above 18 years for the witness space.
Thanks
Well done boss.
Sir, you used Haruna been the owner and a director. You also used Haruna as witness, is that the same person used for the two or different person just same name?
No. That’s is not what i did.
Haruna, can be a shareholder and also a director, but can’t be a withness, you must provide another person who is within or above 18 years for the withness space.
Thanks
Thank you sir
please sir, can 10years old child be a withness, 10yrs with that has NIN
A Child cannot be a withness. Thanks
Okay, do I need to charge extra if the capital share is more than 1million in addition to my service charge, or do I need to ask their capital share before I charge them?
All companies are usually 1M share capital for a start. Except, the client demand for higher share capital. However, bill extra 15K for every extra 1M share capital.
Thanks!
This is a wonderful teaching. However,how do I have the Form which the clients must fill before I proceed to registration so there wouldn’t be any mistake along the line?
Thank you so much. Please, go to my WhatsApp DM and type and send to me the keyword “COMPANY” automatically, the required will dropped.
A great teaching and eye-opener,
More blessings and insight.
I am glad for this feedback! Keep enjoying the training.
Awesome and value-added.
Thanks you, sir!
Well done boss! Well explanatory, this video added more value to what I’ve learnt before.
I am glad I didn’t package rubbish and sell to you. Keep rocking the training.
I have a question, pls.
Since I have access to agent portal, do I need to first create an account with the client NIN before reserving on the agent portal?
No. You don’t have to create an account again.
Just go ahead and do your reservation.
How is the payment to FIRS made
immediately, you make payment for the CAC and it went through. A pumpup to make the FIRS payment will show. However always ensure you do screenshoot the REMITA Code down just incase network glitches happen
Thanks so much for demistifying CAC company registration.
Please is FIRS fee too a graduated one as CAC on share capital increments?
I mean FIRS payment for 1M is 8k
Is it 8k for 2M or graduated as CAC?
Graduated as CAC too, sir. 2M will then be around 16K for FIRS
Explanations and Procedures well detailed, and Simplified.
Thumb up to Coach Franklin.
Awesome then! Keep winning.
Thanks 🙏 and God bless you Coach for this awesome teaching material, pls sir having gotten this material now, doest it mean I can now have access to the CAC ACCREDITED AGENT PORTAL???
SUNDAY ASOGBA SO MUCH APPRECIATE YOUR TIMELY RESPONSE SIR.
Yes. Check your WhatsApp for correspondence. Thanks.
This is amazing teaching…
Thanks and more blessings….
Well Explained and detailed.
Thank You Sir Coach!
You are welcome!
Can there be just one shareholder?
Yes. it can be 1 shareholder and also 1 director.
Let me call you the Oracle of CAC boss.
Boss, is the firs payment the same as stamp duty, if no when and where do we pay that?
No. immediately you pay for the CAC you will see where to pay for the FIRS payment. Note, before you make payment for the FIRS payment, ensure you taje a screenshot of the RRR Code. This is very important just in case the payment didn’t pull through.
Good afternoon coach. Really love your teaching approach. Please, i am new to the registration.Under the statement of issued share capital, there is an addition which is not on the video. They added type of company, which i chose entity below 5 millions. in front of it. minimum share of 100,000 appears as default. Are we to change it or leave it like that? Thanks
Always choose the first one on the list no matter the share capital.
Thank you so much for this Coach. God bless you. So so explanatory and so much value gotten.
My question is what if the director wants to be the only shareholder? Are we going to still add him as the second shareholder or we’ll just put the whole #1million while registering him as the only shareholder? Thank you sir
Just add him once, and allot all the 1,000,000 shares to him. That’s all. It’s so simple and easy.
Sure this feedback was helpful?
Amazing! I thought I would never be able to carry out a Company Registration. But you have made it look like a bread in this teaching. Thank you so much Sir!
I am glad you do now!
This is Great sir, thank you
THANK YOU SO MUCH!
Good afternoon coach Franklin
In case a client said only him that want to own the share now at registration and latter after registration he now want others to join the company with the share , what are we to do.thanks
is the certificate out?
If no, let me know, please.
IF yes, let me know too.
Thanks
Coach! In the section of “statement of compliance” when using an agent portal what should be filled in?
Thanks
Still use the owner of the company details, and ensure you remove the agent code from it incase it apprars.
Thanks!
Thanks Coach
You are welcome!
Wow! This is amazing. i love the way you simplified everything in the video. Please can you drop your whatsapp number in case there is any issue encountered during registration. Thank you sir.
Good morning, and happy new year!
Your facilitator is well equipped to answer all your questions, okay.
Always channel all your questions to him.
Thanks and regards!
I love how simple your teachings are. No long story, no delays. Well done sir.
Thank you for been a blessing.
This so beautiful to read from you. Thank you so much!
Thank you sir, I love this teaching may God give you more knowledge
You are welcome!
God bless you sir for the explanation, payment for the FIRS is it still on the Dashboard
Yes, still on the dashboard.
Immediately CAC payment is successful, it will take you to the payment page for FIRS.
Sure this was helpful?
Thank you so much sir…I enjoyed your training
I am glad you do, sir!
Good morning boss.please I’m little bit confused about documents upload,I can see that you did not upload any passport only ID and signature you were uploading is it that company registration did not required passports upload or what cos when I did my business name registration passport upload was required.
Thank you sir
Company Registration doesn’t require passport, only business name does.
For Company, ONLY ID card and signatures is what is required.
Sure this feedback helps?
Thank you Boss for this elaborate and we’ll detailed training. My question is how can one get the witness form to give to the client for the witness to fill? Thanks
Go to my whatsapp and type “company” automatically, the requirement will drop.
NICE TEACHING. HOWEVER,I AM STILL USING PHONE FOR MY REGISTRATIONS. BEFORE I MAKE ANY PAYMENT,I USUALLY MINIMIZE THEN USE APP AND MAKE PAYMENT,WHICH IF I TRIED GETTING BACK ON THE PORTAL,IT WILL START AFRESH… HOW DO I GO ABOUT THIS IN THE CASE OF FIRS PAYMENT? OR WILL THAT COLUMN STILL APPEAR IF I GO BACK TO THE DASHBOARD?
On this, it will. However, ensure you screenshoot the RRR code of remit down just incase you are debited and the registration didn’t pull through to the final stage where the registration will be showing under pending.
With the RRR code. You should be able to sort out the transaction issues.
But without it. You will find it diffcult to verify the payments.
Thanks for the training, please l have the following questions.
How can we get the TIN? since u said in the business video that it comes with the company registration, we don’t have to go to FIRS site.
Why do they need witness info for coy registration?
As at now, TIN doesn’t come with the certificate anymore. Once the certificate is out you process that separately.
Secondly. witness info is needed because the person can say he was aware that the owner of the company is actually the onwner incase of any issue in the future.
Please can we also add object has general trade and merchandise for company registration?
You can!
Thank you for explaining the process well and I can easily replicate as am watching, dose it mean that am paying only 18,000 for company registration?
Yes!
Company registration from Reservation to the final payments. Will just N20,000+ Banks charges.
This is so on point Coach. Thank you Sir.
Also, my client asked if she could use her son or husband as a witness in the witness infomation?
YES, he can paradventure they are not coming in as Shareholder or director.
Also want to ask, what’s the duration of getting the company registration approved?
And if I am registering a school, do I have to produce a proficiency certificate for it to be finally approved?
7-14 days is out.
For School, you will need proficiency certificate(TRCN) before it can be approved.
Thanks and regard.
Under the OBJECT OF MEMORANDUM, my client who wants to register her school as a LLC sent this:
Educational services that include:
1. Training and building up of self reliance leaders
2. Qualitative and excellent education
3. Impartation of knowledge and virtue into our children.
4. Production of children with noble character that will give a better tomorrow.
I want to ask if CAC will accept this?
Kinly make do with this
1. To carry on the business of training and building self-reliant leaders for sustainable profit.
2. To carry on the business of providing qualitative and excellent education for long-term profitability.
3. To carry on the business of imparting knowledge and virtue into our children for future financial success.
4. To carry on the business of producing children with noble character to ensure a profitable and better tomorrow.
After payment of 10k+ for charges mine show Not Submitted and when I clicked on it what I have is different from what yours displayed.
after that, it should take you to the page where you are going to pay for stamp duty.
did you see a button like pay stamp duty?
click on it
Good evening Coach.
A few things I need your clarity on Sir.
A client says he wants to a company (and he kept saying an enterprise. I don’t know maybe he wants to add it to the brand name).
He said he has partners in the business (and I saw an option of partners in your registration explanations there. I don’t know if it comes with a different form or cost). And he says it’s a sustainable agriculture where they produce organic animal feed and use them for our farms to raise livestock.
He said the total share should go for about 2.50million and it’s already in asset.
I’ve not been able to give him the cost because I wanted to be sure of that. I need clarifications and what the cost should be Sir.
Good day, Mr. Olawale,
QUESTION 1: The client is only mixing things up. He wants a company registration and not an enterprise, even though he adds “enterprise” to the company name. Inasmuch as it’s a company registration, you must end it with LTD.
QUESTION 2 & 3: There is no different form, actually. It’s a normal company registration by shares; that’s what you will do for him. Since he’s specific about the amount of shares that he wants, a 2,500,000 share capital company will cost N140,000. This is what you should bill him. However, your profit is included in this N140,000.
I hope this feedback is helpful.
Thanks so much for this Sir,
But you didn’t mention where I get to upload PROFICIENCY CERTIFICATE perhaps the business or company will need one before it’s approval sir
This is we can’t direct. PROFICIENCY CERTIFICATE is usually university degree certificate or certification from any dedicated agencies of the government or bodies.
So, we can’t direct you on this.
Thank you very much for the course sir,God bless you.
Concerning the document scanning,in cases where I have 1 director which is also the first share holder,then 2 more shareholders,how do I do it
Am I to scan the director’s document first,then the remaining 2 shareholders then the witness?
You scan all together and put in one PDF file and upload.
I’m the case of just one shareholder, how do we alot shares
Just allot all the N1,000,000 to the the 1 shareholder.
That’s all.
Well done coach. My question is, how/where do i make payment to the FIRS?
Immediately you make the payment for CAC. You will be able to get to the FIRS page.
Good evening Coach. Under the ADD DIRECTOR. It’s not bringing the details of my client automatically like seen in this video. So am I going to fill him my client’s HOME ADDRESS or BUSINESS ADDRESS?
Are you using an agent portal or public portal?
Another question for clarity please Coach.
Please, I got a client registered as LLC for her school business and the profiency certificate she provided that I used was queried and CAC asking for TRCN which my client doesn’t have at the moment.
She’s just wanting to sit for the exam which the form will be out in November.
Please, I want to ask if the registration will not be cancelled because of the long pending in resolving the query. I’ve made payment for everything just the certificate query.
I can have it there with the pending query till the time she gets the certificate without them canceling the whole process???
No, it won’t be cancelled. Even though it’s 10 years time that you returns to fnish the registration process. You can still pull the certificate out.
Thanks and regards
how can i make the firs payment
After you make payment for the CAC Registration. You will be redirected to where you will be able to make payment for FIRS.
Thank you coach.
My question;
Is it necessary for my client to provide a witness in the course of registration, my client already provided a shareholder.
YES, witness is a must!
Please how much should I charge for 30 million shares stamp duty,
Bill N900,000 ONLY
Thank you.
Great Job
Thank you so much!
Thanks you coach, very amazing and a value added.
You are most welcome!
Well-done sir Do building contractors and block industry need proficiency certificate for company registration
This is best register under COMPANY REGISTRATION.
Thanks and Regards!
Pls after first payment, when can we make for frsc payment
Immediately, you make the payment for CAC. You will be redirected to the FIRS page to make the payment as well.
If am registering that have just the director,with no shareholder ,will I still need to put a witness
Witness is Compulsory and you have at least a shareholder which can be the director.
For a company registration, you need at least:
1 director
1 shareholder
1 witness
I hope this answers your question Mr. Emmanuel
At least
Thank you very much sir for this lesson.
These are my questions sir,
– What is a stamp duty?
-If the Identification type of any of them is NIN, what should I choose in the lists,the only one I find similar to NIN is National ID which is 10 digits while NIN is 11 digits, please sir let me know whether there is no option for NIN so that I can ask my client to provide another means of ID.
– In my case,the shareholder is the same as the director, when uploading their means of ID merged together in PDF (including the witness), should I make that of the director who is also the shareholder appear twice?
Thank you sir.
1. Stamp duty is a form of taxation imposed by the government on your documents of incorporation -memorandum of Association as part of the legal requirements for officially incorporating the company and making it legally recognized. Stamp duty are paid via the Federal Inland Revenue Service (FIRS) and rates depends on the authorized share capital of the company.
2. NIN which stands for National Identification Number is captured as National ID on the portal. Other forms of identification accepted include; Drivers License, Permanent Voters Card or international passport.
3.One ID is okay for each person. Just indicate so by renaming the pdf file. For instance you rename as- IDs of Tope(Director, shareholder) and Temi (witness).
So you include one ID of Tope and one of Temi accordingly in the merged IDs.
I don’t know if this helps.
~Ubong Okituneng – 09078915087(WhatsApp only)
Good morning Coach the last part of the coy registration before preview is the director detail that will be there or the agent portal details?
The director’s (owner of the company) details preferably.
Can a company with 10 owners be registered as a 1m share?
Share capital depends largely on the nature of business. If the nature of business allows 1 million share capital, then having 10 owners would not affect. Hope this helps. Ubong Okituneng (WhatsApp – 09078915087)
Please I need agent portal to file annual return
And aside agent portal can public portal be used to file annual return
No you can’t use public portal.
====
For quick help. Always use the community chatroom to seek help from my P.A: https://coachfranklincac.com/portal
Please coach, is the witness passport compulsory
Not at all. It’s not compulsory
====
For quick help. Always use the community chatroom to seek help from my P.A: https://coachfranklincac.com/portal
Please coach, I’m having issue with share allotment, the business owner is a sole proprietor
What is the issue you are having? Have you tried to seek help from my P.A at https://coachfranklincac.com/portal
Sir please what if the director want to be the only shareholder in the company, is it possible?
YES, it’s possible as well.