Entertainment Company Registration Service
1710Media is equipped with accredited experts and the necessary resources to assist you complete Music and other Entertainment Company Registration as a Private Limited Company (LTD) in Nigeria.
Need Help Forming a Private Limited Company
for your Entertainment Business?
For Musicians and other Enterainment industry professionals, the business is just as important as the art itself. If you’re looking to start a music or other Entertainment business, one of the first steps is registering your company; 1710Media’s staff includes chartered Secretaries and Lawyers assisting you in registering a Private Limited Company by shares (LTD) in Nigeria.
Registering an Entertainment company provides a number of benefits, including legal protection, credibility, tax benefits, access to funding, and new business opportunities.
Why incorporate your Entertainment Company?
Registering your entertainment company as a private limited company provides many benefits and is an important step in establishing a legal and professional business.
Here are some reasons why Entertainment Company Registration is important:
Separate Legal Entity
It is a separate legal entity that possesses all the rights to sue or to be sued. It acts as an artificial person and can buy any property or assets in its own name.
If there are any legal disputes or liabilities, they will be directed toward the company rather than you personally.
Your company name will be protected and cannot be used by any other company, nor can another company register a name that is similar to your own company name.
Registering your company can increase your credibility in the eyes of clients, partners, and investors. It shows that you are a legitimate business and are committed to operating professionally.
A private limited company has perpetual succession, which means that it can continue to exist even if its owners change or pass away. This provides stability and continuity to the company, which can be important in the entertainment industry.
Access to funding
Registering a music company can help you access funding from banks, investors, and other financial institutions. It provides a formal structure for your business, making it easier to apply for loans and other forms of financing.
Requirements for Private Entertainment Company Registration
Here are some general requirements that may be necessary to register an Entertainment Company as a Private Limited Company:
Company Name: The company name should be unique and not similar to any other registered company in the same industry. You get to choose up to 2.
A minimum of one director is required for registration. At least one of them should be a resident of Nigeria. Basic details such as name, contact details, I.D., etc. will be submitted.
Shareholder(s): A minimum of one shareholder is required for registration. The shareholder can also be the director of the company. Basic details such as name, contact details, I.D., etc. will be submitted.
Registered Office Address: A registered office address is required for the company, which must be located within Nigeria (can also use a residential address).
Memorandum of Association (MOA) and Articles of Association (AOA): MOA and AOA are legal documents that outline the company’s objectives, rules, and regulations. These documents must be filed with the registrar of companies. 1710Media will provide this for free as part of our service.
Capital Investment: There is no minimum capital requirement for registering a private limited company. However, the minimum amount of issued share capital is capped at 100,000 naira.
Check out some of the Most Frequently asked questions relating to Music and other Entertainment Company registrations.
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. These companies can range from small independent production houses to large multinational corporations.
Entertainment companies can have multiple divisions, each specializing in a particular area of the entertainment industry. For example, a film production company may have a separate division for television production or music production.
In addition to producing and distributing entertainment, these companies may also be involved in talent management, representing artists and performers and helping them to develop their careers and market their talents.
Overall, entertainment companies play a crucial role in the creation and distribution of various forms of entertainment, helping to shape the culture and entertainment landscape of society.
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
A company limited by shares is a corporate entity that is legally separate from any directors and shareholders. As it can stand alone as a legal entity, it can enter contracts as a company and hold assets in its name.
The word limited here refers to the shareholder’s limited liability. They are only responsible for any company debts up to the value of their shares within that company. No personal assets are at risk.
To complete the Registration of Your Company in Nigeria, you’ll have to provide the following details upon Submission;
- Proposed Name of the Company (2 Names).
- The objectives and nature of business of the company.
- Address of the company.
- The share capital and shareholding formula among shareholders.
- Details of all Shareholder(s), Director(s), and Secretary. Details such as; names, occupation, residential address, email address, mobile phone number and means of identification (National Identification Card, Data Page of International Passport, Driver’s Licence or Voter’s Card).
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 2 – 10 days.
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.
Get started with Record Label Company Registration, Talent management Company Registration, Film Production Company Registration, and many other kinds of Entertainment Company Registration.
Our staff includes chartered Secretaries and Lawyers assisting you in registering a Private Limited Company by shares (LTD) in Nigeria.
- Incorporation of a Private Company Limited by Shares (LTD) in Nigeria.
- CAC filling fees included. No other charges.
- Share capital from 1,000,000 naira (you can increase it below).
- Digital delivery of Certificate Of Company incorporation.
- Drafting and digital delivery of approved Memorandum of Association and Articles of Association (MEMART).
- Digital delivery of Status Report.
- FIRS’ Tax Identification Number (TIN) Inclusive.
- Corporate Bank account opening assistance.
- 3 to 14 Business Days Delivery.
After payment, you will be redirected to a page where you’ll submit your company information.