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We get this question a lot. When incorporating a company in Nigeria, ALL the shares must be allotted to shareholders. You cannot leave any shares unallotted for future investors. If all the shares are not allotted, you will not be able to complete the company’s registration. One common approach is to allot all the shares to the founders when the company is incorporated. Then, when you’re ready to bring in investors or reward key employees, the founders can transfer some of their shares to them. The right approach depends on your business goals. Whether you’re planning to raise investment, bring in co-founders, or introduce new shareholders, it’s important to structure your ownership properly from the beginning. If your company has more than one shareholder, don’t stop at CAC registration. Every business is different. Before deciding on your company’s share structure, seek legal advice to ensure it aligns with your business goals. Need help with company registration, share structuring, or shareholders’ agreements? Reach out to our team and we’ll guide you through it. To contact us: Give us a call via: 📞0908 011 9980 📞0908 011 9975 📞0810 347 2195 ✉️ 0813 248 3964 (WhatsApp only) Send an email to: [email protected] Walk into any of our offices: Lagos: Work bay, Lagos City Mall, Onikan, Lagos Island, Lagos Abuja: No 9 Victor L, Masi Close, Jabi, FCT-Abuja Visit our website - http:// www.tcorporatelegaladvisory.com We are available during our working hours from 9am to 5pm . . . . . #CorporateLawNigeria #CACRegistration #BusinessLawNigeria #StartupsNigeria #ShareholdersAgreement