Music Company Registration

1710Media provides Private Limited Company (LTD) Registration services specifically tailored for the music industry in Nigeria.

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Join the ranks of music industry professionals who've chosen 1710Media Limited for their LTD registrations.

1710Media provides Private Limited Company (LTD) Registration services specifically tailored for the music industry in Nigeria. With a deep understanding of the unique needs of music companies, our team offers specialized solutions to help you establish your business effectively.

The best reason to form a private company as a musician is to protect your personal assets from lawsuits involving your brand. Other benefits include credibility, tax benefits, access to funding, new business opportunities, etc.

An LTD can form with a single member or with multiple members, meaning solo musicians, musical groups, record labels, and other Entertainment companies can choose this business structure.

Our services cover every aspect of LTD formation, ensuring a seamless process for you. From assisting you throughout the incorporation process to preparing the necessary documents, such as the Memorandum of Association (MOA) and Articles of Association (AOA), we ensure compliance with the requirements of the Cooperate Affairs Commission (CAC).

Benefits

Here are some key reasons to consider incorporating your Music Business as a Private Limited Company (LTD):

  • Limited Liability Protection: The owners (shareholders) are generally not personally liable for the company's debts or legal obligations. 

  • Separate Legal Entity: A private limited company is a separate legal entity from its owners. This separation allows the company to enter into contracts, own assets, and engage in business activities in its own name. 

  • Professional Image and Credibility: Operating as a company allows musicians, record labels, and other industry professionals to create a formal brand identity. It enhances the professional image of the business and instills trust in clients, fans, partners, and industry stakeholders. 

  • Access to Funding and Investments: Banks, investors, and financial institutions may be more willing to provide financing or invest in a registered business entity. This can help musicians secure capital for music production, marketing campaigns, equipment upgrades, or business expansion.

  • Contracts and Business Opportunities: Many clients, venues, sponsors, and licensing bodies prefer to engage with registered companies due to the professional image and legal structure they provide. This can lead to more performance contracts, licensing deals, sponsorship agreements, and collaborations.

  • Business Expansion and Diversification: Musicians and record labels can leverage the company's structure to explore new revenue streams and business ventures beyond their primary music activities. This could include merchandise sales, music publishing, artist management, event production, and more.

  • Perpetual Existence: Private limited companies enjoy perpetual existence, meaning the company continues to exist even if the ownership or management changes. 

  • Long-Term Sustainability: Incorporating a company demonstrates a commitment to long-term sustainability in the music industry. It provides a structured framework for managing finances, assets, and future growth. This can contribute to the longevity of a musician's career and facilitate strategic planning for ongoing success.

  • Flexibility in Ownership and Management: Private companies offer flexibility in terms of ownership and management. Multiple individuals or entities can hold shares in the company, allowing for shared ownership and investment. 

  • Name Protection: When you register a company, the name is protected and cannot be used by any other business, nor can another business register a name that is similar to your own company name.

  • Tax Exemption: Small Companies with an annual turnover of less than N25 million are exempted from paying Company Income Tax in Nigeria.

What's Included?

Here are the key Features included in our Music Company Registration Service:

Business Name Search and Reservation: We conduct a thorough search to check the availability of the desired company name and assist with reserving the name if it meets the requirements.

Share Capital Structure: We offer guidance in determining the share capital structure of the music company, including the allocation of shares among the founders or initial shareholders.

Delivery of Documents: Upon incorporation, you will receive the digital copies of the Certificate of Incorporation, Status Report, and approved Memorandum and articles of association.

Tax Registrations and Compliance: Assistance with obtaining the necessary tax registrations, such as a tax identification number (TIN) or VAT registration.

Company Formation Documents: We prepare and file all necessary legal documents for company formation, including the memorandum and articles of association (MEMART). 

Company Registration: Completing and submitting the required registration forms and documentation to the Corporate affairs commission (CAC) for official company registration.

Ongoing Compliance Support: Providing ongoing compliance support, including assistance with annual filing requirements, maintenance of statutory records, and preparation of annual returns.

You'll get CAC certificate in 3-7 business days.

Shareholder, Director, and Secretarial Support.

CAC-accredited Dedicated project manager. 

Digital storage of Documents.

Corporate Bank account opening assistance. 

Music Copyright Registration

FAQs

Check out some of the Most Frequently asked questions relating to Music Company Registration service:

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.

   

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