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RomanceRe: . by mrphysics(m): 8:22pm On Dec 16, 2018
NwanyiAwkaetiti:
People who lay much emphasis on physical appearances sometimes end up making making d wrong choice.

Good luck sha as ladies Don finish for your church or workplace
Why it is good to look for someone good looking, i strongly think a serious marriage minded guy shouldn't focus on that. I am sure, the op didn't too.
RomanceRe: . by mrphysics(m): 8:20pm On Dec 16, 2018
IamDGrateful:
I'm not really....just being realistic.
Ignore those people bro.

Let me tell you the raw truth, your standard is too high to the crop of ladies we have out there and on here. You will later realize that the ones here are kids who are more interested on nairaland/facebook likes and shares. Also, you see those ones saying they are not ready for marriage, don't mind them, the God of Shiloh already knows He will have to answer some prayers in the future when they go crying and pleading for a God fearing man. They are in their whoring age.

Secondly, as you may have realized, most don't have anything tangible to say. When you engage them deeply, they resort to name calling and perhaps use it to judge you. So we currently have ladies that judge men instead of understanding them. When the discussion is about sex and romance, they will argue till they get wet. But when it is a serious talk, they go mute and find a name to call you.

I would recommend you know the reality on ground and lower your standard. It is hard to get those with that quality especially on nairaland.

I understand how office work and relationship goes. They seem to be North and South pole.
RomanceRe: *UPDATED* Just Few Days To Christmas. What Would You Like For Christmass ? by mrphysics(m): 8:04pm On Dec 16, 2018
Why are all these ladies asking for money? Hian, so non of you could ask for grace to draw nigh to God. grin grin

What are you people doing with money? And why are you guys always in lack of this money?

RomanceRe: *UPDATED* Just Few Days To Christmas. What Would You Like For Christmass ? by mrphysics(m): 8:01pm On Dec 16, 2018
oochi123:
I just need a miracle oooo.
In terms of deliverance or marriage?

RomanceRe: Linda Ikeji And The Hypocrisy Of The Nigerian Woman's Orgasm. by mrphysics(m): 7:48pm On Dec 16, 2018
I have always known Nigerian based feminists to be people with bad parental upbringing. To them, the cause of their childhood problems is due to the supposedly power the man has. I respect feminist opinion anyway, but when they are Nigerian based ones, then you need to think twice.


They claim the thought of feminism pains us, well, that is the biggest lie of the century. What shocks some of us is the way they reason. They view points are virtual and not real. In reality, these people don't live 3% of what they say especially the things they say online.
PoliticsRe: 2019 Election: Vice Presidential Debate (Live Updates) by mrphysics(m): 9:14pm On Dec 14, 2018
You can't follow this debate and not vote APC. It is impossible. Osibanjo was so clear and while he speaks, Obi keeps smiling in amazement.

Next Level Please

PoliticsRe: 2019 Election: Vice Presidential Debate (Live Updates) by mrphysics(m): 8:26pm On Dec 14, 2018
Arabiandude:
But it wasn't propaganda when you were told the country has gone into recession?
You should learn to ignore illiterates bro. Don't spend your time arguing or replying them.
PoliticsRe: 2019 Election: Vice Presidential Debate (Live Updates) by mrphysics(m): 8:09pm On Dec 14, 2018
Zieina:
If you steal all the inventory in a shop there'll be no shop to run- VP Osinbajo (in response to Obi) .

RomanceRe: *UPDATED* Just Few Days To Christmas. What Would You Like For Christmass ? by mrphysics(m): 4:25pm On Dec 14, 2018
Preetti:
No, I get enough of that
Enough of Husband?
RomanceRe: *UPDATED* Just Few Days To Christmas. What Would You Like For Christmass ? by mrphysics(m): 3:00pm On Dec 14, 2018
Preetti:
All I want for Christmas is for something spectacular to happen to me before the year ends
cheesy cheesy cheesy cheesy

My mind is telling me you need someone that starts with h and ends with d. grin
FamilyRe: Everyone Blames Me by mrphysics(m): 9:50pm On Dec 13, 2018
Honestly I didn't understand the entire point of this thread.

I just knew your mum treated you badly. When a lady experiences divorce or death of husband at an early stage of marriage and especially when kids are still young, it affects her emotionally and psychologically. Some people lose hope and sometimes those children looks like source of problem to them. Seeing what they will pass through before getting them to be independent.


Most ladies doesn't know how to manage this period of their life and you the daughter must understand and bear with them.

Kindly forgive her, it will increase your life span by so doing.
TravelRe: My Nigerian Trip by mrphysics(m): 3:48pm On Dec 13, 2018
pacificman:
stop asking him to marry you...what is wrong with nigerians and america..once una hear say person come from america na so una body go day move...if hes coming from libya would you be asking all this yeye questions..lol
Nigerian ladies and abroad based guys, especially the one coming from a country that called their president lifeless, they surely do know that person is coming with life -ego,kudi,owo

RomanceRe: Ladies How Do You Indicate To Your Guy That You Want Sex by mrphysics(m): 11:11am On Dec 13, 2018
highpriestess:
Loool.

Their mission failed, they can keep licking their wounds.
Thanks for understanding. grin grin
I don't understand what she meant by that she have deactivated. She is on nairaland and both of us knows she won't ever leave. She breaths from here and most of her life activities revolve around the attention she gets from Nairaland. Why would you even believe she can deactivate.

She can only hide for two weeks and come back with a male moniker.

So she and colourish United to argue ignorantly with them. Perhaps she thinks I am a security man in the office that does not have access to the internet during work hours or that I am a new employee that works like a slave.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 10:53am On Dec 13, 2018
faithfull18:
Hmmn, they fit each other. The whole picture just became clearer. They both find it difficult to make comments without adding insults.
Honestly, I just got to know the level of people I gave my precious time to. I knew from the way they talk that they are low on the food chain.
RomanceRe: Ladies How Do You Indicate To Your Guy That You Want Sex by mrphysics(m): 9:11am On Dec 13, 2018
IamD18:
You dey crack me up. Walai grin

You said nothing but the truth. She's a snitch pretending to be friend with Colourich, Kiimbraa and Mhizbliss.

Her own na to laugh in reality when they fight themselves and pretending on Nland here. She obviously tried to find out who was dating the said lady and ended up getting blasted.

Na that Colourich i dey pity, because this dirty Owerri mechanic who's yet to graduate because of carryover will deceive and make her make a mistake of her life.

She's a snake in their midst. I know what she did when I had problem with Colourich then, she gave herself away and made it clear to me that she was enjoying the banters grin
Hehehehehe. Most of them do enjoy the fight. My problem is that, they insult people anyhow on this platform.
RomanceRe: Ladies How Do You Indicate To Your Guy That You Want Sex by mrphysics(m): 9:04am On Dec 13, 2018
iamJ:
Low self esteem, i guess she is dating the guy she mentioned and when he called her to complain and blast her, her self esteem level dropped more and she deactivated, all these noise makers here, dont even have mind, small brown hair insults and she is feeling depressed, at least we have diluted ugly here a bit grin
Heheheheh, I thought as much bro. Couldn't just comprehend the reason for the outburst. Its shameful she was rejected by her boyfriend. I wish her the best anyway.

She need to learn how to respect people, talk too, and how to coexist peacefully even on nairaland.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 7:41am On Dec 13, 2018
INTEGRITYA1:
Hello boss, I'm scared the OP has deleted her username today. Most likely she couldn't bear the heat after she see some matured and meaningful conversations on here.

I was expecting her to just say sorry to all personalities she has attacked and everybody will move on. It's a bit painful if she actually delete her account in relation to this thread.

I hope she must have lent something from here and she will be more guided going forward.

Wishing her the best.
She is a controversial nairalander. She spends most of her time on romance section where they discuss sex and relationship. Yesterday, she made a comment that she is dating a nairalander and some people tried to dig up who that person is. She got angry and deactivated. She still come to nairaland and comments with the username @grabhisballs. This is the kind of person that made such statements above.
RomanceRe: Ladies How Do You Indicate To Your Guy That You Want Sex by mrphysics(m): 5:19am On Dec 13, 2018
GrabHisBalls:
I was only acting on the information I got, but since you said you didn't, I don't know who to believe now. I am sorry if you feel wrongly accused. Like I said before; I should be sleeping now 'cause I'm on drugs. Let's assume none of this happened. I am sorry once again, and goodbye.
Interesting and this was same person insulting me and even created a thread to expose her illiteracy. You are crying about your boyfriend who felt ashamed of you or what? Why this outburst.
RomanceRe: Who Can Explain This by mrphysics(m): 5:07am On Dec 13, 2018
highqueen:
Hmmm
Why did Kimbraa deactivate?
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 1:11pm On Dec 12, 2018
INTEGRITYA1:
I appreciate your input Sir, many thanks.
You are welcome boss.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 12:51pm On Dec 12, 2018
INTEGRITYA1:
Boss, you really tried for keep arguing with the op. I read where OP said her friend pay 30k recently to register a business and she said the agent who do the registration told them the money could have been more if not for declaration by the government to slash the price till Dec ending. That's serious

OP, if you don't mind you can confirm from your friend or so if what she registered was Business Name or Limited liability company. Though I guess "Business Name" because if the Agent refers to the slash by government for charging 30k, I will like to explain here that; the slash as put forward by Vice President applicable only to Business Name not other forms of registration and the 50% slash will end by 30th of December 2018 (Standard fee was 10k but Business Name are to pay 5k instead and from January next year the price will return to 10k).

Boss it's nice meeting on here, I opened this thread for the tittle caught my attention before I came across controversial issues, all well and good. I've been reading on CAC website lately because I'm looking forward to register limited liability company (Not Business Name) any time from now.
I can see the barrier of going through accredited agent has been removed so I will be doing it myself, but I need some clarification regards official payments
- Reservation of name - 500
- Registration of private limited with share capital of #1m - 10k

When I checked the website I noticed the stamp duty fee was required but the amount was not stated and you mentioned 8k from your previous comments.
Kindly give more clues as regards these.

Also, about Article and Memorandum of understanding, is it necessary I consult a lawyer to draft it for me or it will be generated automatically by CAC during registration.

I noticed I can do the first 3 stages of registration online before going to their office to perfect it, but I need to be well guided before starting.

Then back to op, most likely you're a gentle and easy going fellow; it doesn't do you any harm if you can at least apologize to those you've attacked on this topic in your curiosity. I can tell you convincingly that most of those class room theories doesn't always applicable in real world.

So, if you want to learn more about different categories of business registration

http://www.cac.gov.ng/

Shalom
You are welcome boss.
I actually asked myself why I took the time and patience to respond to Kimbraa knowingly she knows nothing about it. Student's have this ITK symptoms. I haven't stopped blaming myself for responding to her, maybe it happened so you get some information regarding your incorporation process.

Like you rightly said, you begin my reserving your name, once it has been reserved, an availability code would be sent to you through your mail (this is the completion of name reservation) and it costs N500. When you have the availability code, the click on new company registration, enter the availability code and proceed from it.

For a company of up to 1m share capital, the total amount you'll need to register the company is 30k, this includes the stampduty on new company registration.

Because Memorandum of Understanding is a stampable instrument, a stamp duty is required on it and this is automatically paid on CAC portal. You can also get a default MOU on the portal too.

You can start and finish, get to the point you will go to court. You can only go to CAC office for your Certificate of Incorporation.

Many thanks
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 8:08pm On Dec 11, 2018
kimbraa:
Go and sleep. Now you know there's difference between an enterprise and a company? If registering a business name doesn't make it legal per se according to you, then what does? cheesy Contradicting shìt!
Actually these things are far beyond your academic status, qualification, pay grade, and understanding. The more I try to bring you up, the more you go down the mental scale.


A woman selling something on the road is a legal business with or without RC or BN registration. She didn't go against any law, only that her business can operate to a certain level and they are things she can't do.

Business Name is just the same. Think of it, you want your bank account to bear Kimbraa foolishness Enterprise instead of Kelechi chukwuabiama. Having your business as your bank account name gives customers confidence to trade with you. A market woman can't do that but someone who registered a Business Name can do that. That is why people go for that. Also, imagine that Imo is looking for a dealer who sales braids, you can't apply because you are not registered, but with a business name, you can pursue state contracts through a law firm. Business Name alone isn't enough though some states can allow it.


That is why people go for business name. There is nothing there and it's just 5k until 31st December and 10k afterwards. With Business Name, FIRS has nothing to do with your tax. You pay to state internal revenue. You are just an individual and no one can sue your business name rather you. So your business and you are still joined together.

That is what a business name is. And that is why I said its not legal per say. What I mean is that in the eyes of the law, it's not a company and your business isn't registered rather your Business Name.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 7:30pm On Dec 11, 2018
You must have seen TETFUND projects in your school. That is the product of education tax. Education Tax is 1% of every company's annual profit. It is collected by FIRS but it goes to TETFUND. It is used for the development of our high institutions.

You can't pay these taxes if you are registered as a business name BN. Only registered companies pay that.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 7:25pm On Dec 11, 2018
kimbraa:
If I should go to CAC to register a business name, and the business name is accepted, what does that mean? Shouldn't that make that business a legal entity? A what's incorporation?
A business name is like registering a reserved name. They is reservation of name which lasts for 60 days. When you reserve a company name, no one can register that name as a company name. It's kept for you. Now, you can go the extra step to register that reserved name. It's called a business name. It doesn't make that a company. It makes it an Enterprise. Your tax goes to the state showing you are an individual. Business name only gives you the opportunity of using that name to create a current account, bid for state contracts, and transact without using your personal name. You are still an individual, what is called Enterprise. It doesn't make it a legal entity in actual sense because you are still an individual.

Business Name is not a registered company. Because it doesn't have RC number.

A company is a business entity with an RC number (this is the legal or CAC side of it). Once you have an RC number, you are a company regardless of the size of your business location. Now during registration of a company, which is called incorporation process, you will be mandated to choose your directors and allot shares to them. Directors can be your mum, your sister or anyone who is 18+ and have a valid means of identification.

You can have an RC number and be a one man business. It's happening everywhere. Having or registering your company does not make it a large business, it can still be a one man business. One man business in that you own the company and allot shares to people who may never know they own shares to that company. Once you have an RC number, you are liable to file for annual returns, pay Company Income tax CIT, and education tax.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 7:09pm On Dec 11, 2018
kimbraa:
You're so closed minded. I've told you repeatedly to stop telling me stuffs about 'Company incorporation" I don't have an argument with you on those. What I am saying is, you can't take a business to CAC, and it will be incorporated as a company when it's meant to be an enterprise. What's a business name? Is there any difference between registering a business name and incorporating a business? There's no fùcking difference.

And FYI, Mr Patrick already said what correlated to why I created this thread. Maybe it's too hard for you to understand that you just can't incorporate a one man business to a company when it doesn't meet the tenets a company should. And share capital isn't the only criteria used. Goodbye with your ignorance!
When sound minds come to the internet, they listen and ask questions where they don't understand. I don't know why you come to the internet to disgrace yourself. I'm currently on a thread where you work in a saloon. It's not a bad thing though but with how you are treated there and the condition of service, you are not worthy of a discourse. So say there is no difference between Registering a business name and incorporating a business is a huge turn off and a confirmation that you need to resign from that saloon, focus on your studies, graduate with good grades, work, network and gain relevant knowledge before coming to the internet.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m):
kimbraa:
Shut up! And stop misleading people. I'm 100% certain you're either jobless as we speak, but claiming to have registered companies. I know of someone who registered her business with CAC just last month for 30k, they took that amount 'cause I heard FG told them to reduce it to that and it was registered as an Enterprise. Need I also remind you it's a Salon? Why would any sane person say CAC registers businesses as companies? Guy, don't let me slap you through this phone. You're becoming a nuisance on this thread with your idiotic comments. Even without being told, I know what my lecturers taught me and you're too ignorant to think your garbage would change that. I can borrow you a book if you want.
Your friend who registered a salon, would probably have used an agent, unregistered agent who charged her for his services. Go to nairaland business section and you will see a lot of unregistered agents there.

She must have registered for a business name. A business Name registration costs 10k but currently being subsidized by FG to be 5k Which started from November to 31st December.

For a service worth of 10k, the agent charged her 30k, he made 20k from her and lied to her that FG said nothing. Lol.

Company registration is charged depending on share capital. For 1m share capital, 30k. This 30k includes stampudy on new company registration Which is 8k for 1m share capital.

You opened a thread and no one has said otherwise. You are a kid and not worth talking to me.

Create it on business section
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 5:21pm On Dec 11, 2018
It's not compulsory that she knows everything but when you are being taught the things you don't know, then humble yourself and learn.

Spending all her days in Romance section and thinking everyone falls into the class of people that live their life on that section is wrong and should be avoided.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 5:15pm On Dec 11, 2018
faithfull18:
What? I don't know your lecturer. I took courses on entrepreneurship in a govt owned institution, my lecturer doesn't own/run a business not even in the past. Classes were taught with case studies. I work and interact with people who own business/companies.

Writing a book about a subject matter doesn't automatically make you an authority on it.

I am more interested in the 'doing' part and what works or doesn't work.

I have seen someone who wrote a book on marriage worth N5000 whose marriage failed. Tell me something else.

The back and forth is tiring. I rest my case here.
You should have ignored her. She's just a student and her monthly feeding money isn't up to your pension allowance. She has never worked before, neither have she been in where she thinks she studied is applied in real life. She is a kid who needs help. Her ego wouldn't allow her to say Thank you for educating her. So bad that the country breeds such people.

When they carry this kind of attitude to the work place, they get stuck to a particular place and not make progress. She's a kid.


When It comes to CAC matters, I am a consultant. When it comes to FIRS, I also consult. Today, I just get back from a meeting with team from Ghana who came to see what we did for FIRS. So while will I tell this kid something and she will be all over the place arguing what she has no knowledge about rather than academic copy and paste and junior secondary school business studies.

Do she know how many lawyers, chartered accountants and chartered secretaries that calls to make inquiry about registration requirements for company incorporation.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 5:08pm On Dec 11, 2018
PatrickOkunima:
There are 3 types of companies, viz:

1. Unlimited Company

2. Company Limited By Guarantee, and

3. Company Limited By Share

Under No. 3 is where we have the Private Limited Company (LTD) and Public Limited Company (PLC).

Other businesses: Sole Proprietorship (One Man Business) and Partnership are not really companies, though most people refer to them as such.
That's the reason one man business owner and partnership business do not pay company income tax. From the standpoint of the law, a one man business owner is the same or not different from his business. Same goes for partnership.

A company is a person on its own, different from it's promoters. Can sue and be sued in its own name. The assets of a company are distinct or different from that of its owners.

Be you a Company owner, Sole Proprietorship Owner or Partnership Owner, you are a CEO.
You have just educated her on it too. Secondly, a one man business can be registered as a company. Just to expand your business base and be able to apply for government contracts, SMEs take a step to incorporate their company. I have seen many one man business owners who register their company. All you need is allot shares to your wife and son and appoint them as directors during the company registration.

Having your business registered as a company does not make it not a one man business if it is. Currently, Businesses are better classified as SMEs. And in this classification, one man business are registered as Business Name and are called Enterprise. Enterprise business pays tax to state government because they are individuals. That does not mean that these individuals can not register their enterprise as a company.

Classification of companies are according to share capitals depending on the type of registration they did. In Incorporation, it is either you are a Buisness Name (BN) or Registered Company (RC) or incorporated Trustees (IT).

Sole proprietorship and the rest are just business studies way of classifying business. If you want to register your company through the company registration portal new.cac.gov.ng, no one will ever ask you to choose if your business is a sole proprietorship business or not. No one will ask you to select whether you are any of the letters in SME.

That is what I am trying to get this student to know and yet she is arguing ignorantly.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 4:57pm On Dec 11, 2018
dennel:
I’m a chartered accountant...! Wud have loved to mak it crystal clear to you but you seem bn sentimental n conclusive about the CEO or M of a tn* lemme know if we actually wanna deliberate or smtn! Nothing to talk about sef...!

Companies are businesses... businesses are companies, I think whr you missing it is considering the capital and size of the investment which made you talk about Directors and co the other time* Your son cud be registered as one of your Directors you know?
I told her this and she was very ignorant to read it. We are consultants that automated the CAC company registration portal. I know everything about pre incorporation, incorporation and post incorporation.

What she failed to understand it that once a business or company is registered and has an RC number attached to it, irrespective of where they operate from, they are a company. And whether your business is a one bedroom flat or not, during company registration, you must enter details of first directors or second director, company secretary details according to your share capital.

She is an undergraduate who hasn't graduated or known what the world is. As students, they are proud and does not want to be helped.
CareerRe: Does Incorporating Your Business Make It A Company? by mrphysics(m): 6:25pm On Dec 10, 2018
kimbraa:
Stop calling those your league of ignoramus into this thread. I told you I was going to get Nairaland to educate you, not some dumb romancelanders.

Cc: Lalasticlala.
This would be my last mention. Until they come to educate me.

Learn some respect kid, common sense is not sexually transmitted.

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