OLAT Digitals

03/06/2025

Urgent: Register Your Business Before June 10th!

Attention all business owners! We've got an important update from the Corporate Affairs Commission (CAC). A recent circular mandates that all businesses must register before June 10th to operate legally.

Don't risk penalties or disruptions to your business. Register now and ensure compliance. Our team is here to help. Send us a DM or contact us at 08133257320 to get started.

Let us handle the paperwork, so you can focus on growing your business. Trust Olatdigitals, your accredited CAC registration agent.

02/06/2025

Dear Registered business owners,

If you have a business registered in the year 2023 or earlier, you've just this month to file the annual returns for 2024 without being fined the penalty fee.

Send a dm let's help you handle your annual returns filing.

Call / WhatsApp: 08133257320

28/05/2025

TRADEMARK OR COPYRIGHT : WHICH ONE IS MORE SUITABLE FOR YOU?

As a business owner or creative entrepreneur, protecting your brand and your work is essential. But many people often confuse trademark with copyright. Let's break it down clearly.

WHAT IS A TRADEMARK?

A trademark is a sign, logo, symbol, phrase, or name that identifies and distinguishes your brand from others in the marketplace. It protects brand identity—the things people recognize and associate with your Business (Trade mark, a mark that is used to identify your trade).

WHAT IS COPYRIGHT?

A copyright protects original creative works such as books, music, videos, graphics, and written content. It safeguards your intellectual and creative property, giving you exclusive rights to reproduce and distribute your work.

WHY ARE TRADEMARK AND COPYRIGHT IMPORTANT?

✅ They help protect your hard work, ideas, and brand from being copied or misused.

✅ They ensure you're compliant with legal standards.

✅ They increase your brand's credibility and value in the eyes of investors, partners, and customers.

✅ They give you legal backing to enforce your rights when someone tries to use your brand or content without permission.

POPULAR EXAMPLES

Davido – His stage name “Davido” is likely trademarked as a brand. His songs, albums, and music videos are protected by copyright.

Sabinus – The name “Sabinus” and related branding are protected by trademark. His background music in his comedy videos are protected by copyright.

Tiwa Savage – Her name is a brand identity (trademark), while her music, lyrics, and performances are copyrighted.

Innoson Vehicles – The brand name “Innoson”, logo, and vehicle designs are trademarked, while advertising jingles and brochures may be copyrighted.

Funke Akindele – Her production company and character names like “Jenifa” could be trademarked, while the scripts, episodes, and theme music in her movies are protected under copyright.

WHAT SHOULD YOU TRADEMARK OR COPYRIGHT?

1. Business logo – Trademark

2. Literary work (e.g. books, blogs) – Copyright

3. Brand name – Trademark

4. Song – Copyright

5. Slogan/Tag line – Trademark

6. Business name – Trademark

7. Software code – Copyright

8. App name – Trademark

9. Product packaging design – Trademark

10. E-book – Copyright

11. Musical composition – Copyright

12. Podcast intro/outro – Copyright

13. Catchphrase – Trademark

14. Marketing jingle – Copyright

15. Business tagline – Trademark

16. Promotional videos – Copyright

17. Website content – Copyright

18. Online course materials – Copyright

19. Logo sound or chime (audio logo) – Trademark

20. Fashion design sketches – Copyright

21. Recipe book – Copyright

22. Brand mascot – Trademark

23. Product name – Trademark

24. Photography – Copyright

25. Graphic design – Copyright

26. Animation – Copyright

27. Visual identity (style guide) – Copyright

28. Typeface (original font) – Copyright

29. Business pitch deck – Copyright

30. Domain name (if used as a brand) – Trademark

Take Note:

If it helps people recognize your brand, trademark it.
If it is a product of your creativity or expression, copyright it.

Protect your hustle. Protect your brand. Protect your work.

Send a dm let's guide you through the trademark registration or copyright protection professes for your business.

Call / WhatsApp: 08133257320

26/05/2025

Does your company remain unregistered?

I've witnessed numerous talented businesspeople being passed over for possibilities just because they were unable to produce one document: a CAC certificate. I can help with it.

I assist people and organisations like YOU in correctly registering with the Corporate Affairs Commission as a CAC Registration Agent.

What's the best part?
When you sign up with me, you receive a complimentary TIN and a complimentary SMEDAN registration.

Don't worry. No lengthy lines. Simple, expert service. Let's formally establish your company.

Click the Get Access botton now.

We handle everything from Business Name Registration to Company Incorporation and Incorporated Trustees (NGOs, Churches, Schools, etc).

20/05/2025

ATTENTION: Business Owners with CAC Registration from 2023 or Earlier.

If your business was registered in 2023 or before, this is crucial information you need to act on now.

According to the Corporate Affairs Commission (CAC), every registered business must file Annual Returns to update the Commission on:

✅ The current operational status of the business
✅ Any major changes over the past year
✅ Net assets and turnover recorded within the reporting period

This filing is mandatory and comes with a filing fee, which varies based on the type of business entity:

✅ Business Names
✅ Companies (Ltd.)
✅ Incorporated Trustees (NGOs, Churches, Foundations, Associations, etc.)

Important Dates:

The window for filing Annual Returns is January 1st – June 30th each year.
Missing this deadline triggers automatic penalty fees:

✅ #5,000 for Business Names and Companies
✅ #10,000 for Incorporated Trustees

These penalties compound over time and could cost you heavily when applying for government contracts, loans, grants, or even visas.

Consequences of Not Filing:

✅ Your business may be marked INACTIVE
✅ Financial institutions may deny funding
✅ Embassies can reject visa applications
✅ You risk losing investor confidence

If your business was registered in 2023 or earlier, you’re required to file your Annual Returns for the 2024 business year before June 30th, 2025 to avoid penalties.

Let’s help you stay compliant and active.
We offer:

✅ Prompt Annual Returns Filing
✅ Business Reactivation Services
✅ Free Consultation (to check your business status or filing backlog)

Call/WhatsApp: 08133257320

Let’s get it done today!

16/05/2025

SMALL VS BIGGER SHARE CAPITAL IN COMPANY INCORPORATION
Which Should You Choose When Registering Your Company?

Let’s simplify it with a relatable example:

Small Share Capital = Small Orange
Imagine trying to divide a small orange among 3 people (your shareholders).
Each person gets just a tiny slice.

That’s what happens when your company is registered with a small share capital (e.g., ₦1 million):

- Fewer shares to distribute
- Each shareholder receives fewer units (even if percentages seem fair)
- Bringing in new investors later can be difficult without increasing your share capital
- It may portray your company as small or less structured

Big Share Capital = Big Orange
Now picture a big juicy orange, still split between 3 people.

Each one gets a larger, more satisfying slice — even though the division is still 3 ways.

That’s the advantage of registering with a larger share capital (e.g., ₦5M, ₦10M or more):

- More shares to allocate
- Shareholders receive more actual units even at the same percentage
- Easier to onboard future investors or partners
- Stronger image of credibility, structure, and growth potential

Example:
5% of ₦1 million = 50,000 shares
5% of ₦10 million = 500,000 shares
Same percentage, but a much larger stake.

WHY A BIGGER SHARE CAPITAL MATTERS

Choosing a bigger share capital:

✅ Positions your company better for growth, investment, and credibility
✅ Offers shareholders more flexibility with larger unit allocations
✅ Makes onboarding new partners/investors smoother
✅ Saves you the stress and cost of increasing share capital later

IMPORTANT NOTE:
Your share capital doesn’t have to match your bank balance.
You don’t need ₦5 million in your account to register ₦5 million share capital. It’s for documentation and structuring purposes, not a cash deposit.

So Ask Yourself:
Would you rather split a small orange or a big one among your team?

Choose wisely.
Need help deciding your ideal share capital or structuring your company correctly?

Call or WhatsApp: 08133257320
Or just send us a DM to get started.

13/05/2025

UNDERSTANDING SHARE CAPITAL IN COMPANY INCORPORATION.

What is Share Capital?
Share capital refers to the total value of shares issued by a company at the point of incorporation. It represents the funds raised by the company through the sale of shares to investors — giving them part ownership of the business.

When a company is formed, it needs capital to operate. By issuing shares, the company raises this capital and investors (shareholders) gain ownership stakes in return. The combined value of all issued shares is known as the company’s share capital.

Why is Share Capital Important?
- It serves as the financial foundation of the company.
- It provides funds for startup costs, asset purchases, expansion, and operational expenses.
- It gives structure to ownership and control of the company.
- It boosts credibility with banks and investors — making it easier to raise funds or secure loans.

Unlike business names, companies can transfer ownership through shareholding. This is one reason banks and financial institutions prefer to fund registered companies: they can secure debts by acquiring company shares or using them as collateral.

How It Works
- Share capital is divided into units called shares.
- Each share represents a portion of the company’s ownership.
- For example, if a company has a share capital of ₦1,000,000 divided into 1,000,000 shares, each share is worth ₦1.

Example:
If a company has 4 shareholders owning 45%, 25%, 20%, and 10% respectively, and the share capital is ₦10 million, their shareholding translates into 4.5 million, 2.5 million, 2 million, and 1 million shares respectively.

Key Takeaway:
The higher the share capital, the larger the number of shares that can be allocated — even at the same percentage. This affects company valuation, investment opportunities, and shareholder influence.

What Determines Share Capital Size?
- Industry regulations and statutory requirements
- Founders' decisions
- Investment goals and funding needs
- Sector-specific compliance (e.g., finance, oil & gas)

Need Help?
If you’re planning to register your company or need clarity on share capital and structuring, Olat Digitals is here to guide you.

Call/WhatsApp: 08133257320
Or send a DM to get started today.

12/05/2025

OUR WEEKLY SCORECARD – RESULTS THAT SPEAK FOR US!

Here’s what we achieved last week at Olat Digitals:

✅ Successfully registered 2 Business Names — Certificates issued
✅ Completed 5 Company Registrations — All certificates delivered
✅ Finalized 1 SCUML Registration for a satisfied client
✅ Registered 1 Social Club — Official documentation issued
✅ Filed numerous Annual Returns — Businesses reactivated
✅ Processed multiple TINs for our clients
✅ Several other jobs are currently in progress, awaiting queries, approvals, or final submission

At Olat Digitals, we deliver results with excellence — no delays, no disappointments.

Need any of these services?
- CAC Registrations (Business Names & Companies)
- SCUML / EFCC Certificates
- Trademark Registrations
- TIN / Tax Promax Processing
- Other regulatory compliance services

DM or WhatsApp us now: 08133257320
Let’s get your business set up right!

07/05/2025

If you have a business registered in 2023 or earlier, ensure to file the annual returns for the year 2024 before 30th June 2025, otherwise you'd end up paying a penalty fee in addition to the filing fees.

Failure to file your annual returns could lead to deactivation of your Business status, if it hasn't been deactivated already, and if it stays too long without filing, you'd end up having it struck off and the restoration would require court processes to get it back.

Send a dm, let's check if you're owing annual returns or if yours is due for filing.

Call/WhatsApp: 08133257320.

01/05/2025

30/04/2025

Right from the desks of the Nigerian Corporate Affairs Commission (CAC):

It is a violation of the law to:

1. Operate under a business name that is not duly registered with the CAC. For example, having a business name boldly displayed on your signpost without registration is illegal.

2. Use or operate under the name of a club or association without proper registration.

3. Run a church, NGO, ministry, alumni association, or town union without registering it with the CAC.

4. Registration gives your organization a legal identity and recognition. That’s why a registration number is issued to you upon completion.

Do the needful before enforcement begins in full force — the law has always been in place.

23/04/2025

Another Win for Our Clients!
Two more organizations are now officially recognized by the Federal Government of Nigeria!

Whether you run a ministry, initiative, foundation, or charity, getting incorporated with CAC is the first step toward building legitimacy, earning trust, and opening doors to funding, grants, and growth.

These clients trusted us to handle the process professionally, and they have their certificates in hand!

Imagine your organization holding a legally recognized certificate of incorporation.
- You can open a corporate bank account
- You’re eligible for local and international funding
- You gain the confidence of donors and partners
- You comply fully with the law

Ready to take your NGO or ministry to the next level?
Let us help you get started with your CAC Incorporation today!

Call/WhatsApp: 08133257320
We make the process easy and seamless—just like we did for these happy clients!