NOW THAT I HAVE YOUR ATTENTION


Should Subsidiaries Be Separately Registered As Companies?

Need Business Consultants And Professionals Who Have Answer To This:

If one wants to set up a corporation with different divisions(subsidiaries),
does he have to register the divisions as individual companies (LLC)?

For instance, he calls the corporation "eXels Technologies (GROUP)" with the following divisions: eXels Network, eXels Electronics, eXels Multimedia etc

He wants each of the divisions to be independent of the others.

Now, the question is:
- Does he have to register each division as a Limited Liability Company (ie eXels Networks Ltd, eXels Electronics Ltd etc)

- Or should he register the Group as say eXels Technolgies Ltd, and then register each division as a brand names.

Please let business consultants and professionals do justice to this.


Where are the Niaraland's Business gurus.

Please I need the solution to this puzzle, I hope you would'nt mind helping me out here.


Can someone just go to the point and explain this?

I have searched and searched but i have not been able to get any straight forward answer for this.

Other people replying on other posts/platforms clearly don't know how to go about this as their answers are off point or copy and paste.

Please someone should just give a very straight forward answer and not rubbish

chuksOG:
NOW THAT I HAVE YOUR ATTENTION


Should Subsidiaries Be Separately Registered As Companies?

Need Business Consultants And Professionals Who Have Answer To This:

If one wants to set up a corporation with different divisions(subsidiaries),
does he have to register the divisions as individual companies (LLC)?

For instance, he calls the corporation "eXels Technologies (GROUP)" with the following divisions: eXels Network, eXels Electronics, eXels Multimedia etc

He wants each of the divisions to be independent of the others.

Now, the question is:
- Does he have to register each division as a Limited Liability Company (ie eXels Networks Ltd, eXels Electronics Ltd etc)

- Or should he register the Group as say eXels Technolgies Ltd, and then register each division as a brand names.

Please let business consultants and professionals do justice to this.


Where are the Niaraland's Business gurus.

Please I need the solution to this puzzle, I hope you would'nt mind helping me out here.


Can someone just go to the point and explain this?

I have searched and searched but i have not been able to get any straight forward answer for this.

Other people replying on other posts/platforms clearly don't know how to go about this as their answers are off point or copy and paste.

Please someone should just give a very straight forward answer and not rubbish

u are required by CAMA to register each company as an entity.

I know that but what about DBAs and trademarks and brands?

There are many businesses owned by one company or under the roof of one company, are they all registered separately?

infotainment:


u are required by CAMA to register each company as an entity.

chuksOG:
I know that but what about DBAs and trademarks and brands?

There are many businesses owned by one company or under the roof of one company, are they all registered separately?

You have to register each subsidiary as an entity, it is d share holding dat will show dat it is owned by the parent coy

What about DBAs?

infotainment:

You have to register each subsidiary as an entity, it is d share holding dat will show dat it is owned by the parent coy