As a business owner, it is important to ensure that your company stays up-to-date and is compliant. With Sidebrief Manage Product, you can make changes to your already existing businesses without any complicated paperwork or hassles.
How do I use Sidebrief Manage product?
Here’s a step-by-step approach to how you can use Sidebrief’s Manage product:
Step 1: Create an account for your company here.
Step 2: Log in to your Sidebrief account and navigate to the Manage section of the app on the top right corner
Step 3: Click on ‘Manage your business’.
Step 4: Select Operational Country from the drop-down.
Step 5: Choose the relevant change you would like to make to your company.
Step 6: Make the relevant payment.
Step 7: Receive approval of change and relevant documents on your dashboard.
What type of changes can I make to my business?
Depending on the country where your business operates, there are several changes that can be made to your business, examples of these include:
1. Addition or removal of directors
Business owners can use the platform to effect corporate governance changes to their company. Members of board of directors can be added or removed based on internal corporate decisions of the company and Sidebrief can ensure that the requisite changes are made and proper records are
Recommended reading: Who is a director and why should I appoint one?
2. Addition or removal of shareholders
Ownership of a company changes during the lifetime of a company and with Sidebrief’s manage product, the appropriate changes can be made to ensure that the ownership structure of your company is updated and the appropriate updates are made.
3. Alteration of Memorandum and Articles of Association
Business objects of a company can change. A company can decide to expand its product offering or services. Ensuring that the company has the requisite power to carry out these new business lines is important by altering the MEMAT is extremely important.
4. Change of registered address
The registered address of a company has to be updated and if any changes are made, it is important that the relevant regulatory authorities are aware to avoid any fines, penalties or regulatory backlash.
5. Change of company secretary
If there are ever any changes in the company secretary, the appropriate changes should be made timorously.
6. Convert a business name to a limited liability company
As business grows, it might be important to convert from a business name to a limited liability company. Ensuring that this change is made seamlessly is why we have Sidebrief Manage Product.
7. File Annual returns
Regulatory authorities require that annual returns be filed with the appropriate registry and Sidebrief Manage Product can be used in ensuring that the adequate annual returns are filed on time and when needed.
Recommended reading: Filling annual returns with CAC
8. Obtain Status report
The status report of a company indicates the current standing of the company in Nigeria. The Corporate Affairs Commission status report shows the current officers and directors of the companyhttps://www.cac.gov.ng
9. Obtain a letter of good standing
A letter of good standing is required to show that a company is in good standing with all the regulatory authorities and has an actual corporate existence. This is mostly used in the United States particlulary in Delaware.
SIDEBRIEF
Sidebrief is a RegTech startup that has helped founders, entrepreneurs, and business owners across borders to register their companies with ease and comply with regulations.We provide the tools for founders to start and scale businesses across borders from a single interface.
For further information, contact us today.
Email – hello@sidebrief.com
Phone Number – +234901808129