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Business Expansion Incorporation Norebase Norebased

How Tiwarewa is improving work productivity with Home and Office Decor

In honor of International Women’s Day, Norebase gifted five (5) outstanding female entrepreneurs with company incorporations and business name registrations, according to their preference.

How did we select them?

We asked female entrepreneurs to tell us what a business registration will do for their businesses and had Odunayo Eweniyi (of Piggyvest) select 5 winners.

In today’s episode of Norebased, we sit down with one of the winners of the IWD Giveaway, Barakat Olatinwo (Creative director of Tiwarewa), to talk about your workspace and productivity.

Tell me about yourself.

My name is Barakat Olatinwo. I am a graduate of Obafemi Awolowo University. I currently work as the growth and marketing lead at Lazerpay while running my Tiwarewa on the side.

I’m curious as to which came first. Tiwarewa or your career in tech?

I’ll say my career came first by chance. I’ve always been in the tech space right from school. I studied Computer Engineering, so I had quite some access to many resources, including talks from startup founders. As a result, I was interested in having a career in tech; but I didn’t want to code, so I took up digital marketing, grew my skills, and transitioned to growth marketing. 

When did Tiwarewa get into the mix?

In 2020, at the peak of the lockdown.

Interesting! What Inspired this?

I’ve always loved Interior Decor. Then during the first lockdown in 2020, people began working from home, so I noticed a need for comfort, especially with home workspaces. Tiwarewa was borne as a solution to this.

Wow! How did you start?

I rounded up my NYSC in 2020, and because I was working while serving, I was able to save my allawee until I was done. This made up the capital I used to start Tiwarewa.

“Tiwarewa” is an interesting name. Any story behind your choice?

I think it’s here I mention that I had the name of my business before the idea.

Ah! It’s giving Norebase “Trademark” material. 

LOL. Tiwarewa is Yoruba for “ours is beautiful”. I’ve always had the name in mind right from my University days. I always wanted to start a business back then, but my parents were opposed to the idea; they believed I should focus on graduating with good grades. I just had the name without the idea or the structure. So at the slightest opportunity to use the name, I took it and started the Tiwarewa brand.

Do you currently have a team?

Yes, I do. Internally, I have a small team of myself and the social media manager who handles the brand’s pages. I also work with a logistics company to manage deliveries. 

What challenges does your business currently face?

The major challenge, for now, is logistics. Most of the items I sell are imported, so I have to look for the right shipping companies. I also have to pay the shipping rates in dollars, and we all know how discouraging the exchange rate is. Another problem I’m trying to solve is building a business structure that can support itself. There could be blurred lines between my personal cash and business revenue, especially when I have to sort some financial needs from my pocket. 

What sets your brand apart from your competition? One thing people always get from the Tiwarewa brand.

I try my best to ensure that people always have a reason to keep coming back while recommending the business to their contacts. To ensure this, I take my time to specially curate the items I stock. In addition, I look for suppliers that sell items that are not very common. So Tiwarewa items are unique. Customer satisfaction also stays on top of our goals.

And Pricing?

Eh, let’s just say competitive pricing because we all know what the economy is like. So we are literally trying our best. 

LOL. Fair enough. Where do you see Tiwarewa in 5 years?

I’d want to have a physical store specifically for showcasing what we stock. Because our items are for interior decor, customers would like to see or have a feel of how the pieces will occupy their space. Currently, we depend solely on pictures, and clients just trust, buy, and eventually get satisfied with their purchase when they get installed. So I’m looking to own 1 or 2 walk-in stores. Also, my long-term goal is to find a way to infuse tech into Tiwarewa.

Awesome! What African country will you like to expand to? 

I’ll say Ghana.

Alright, Chale, Any specific reason?

Not really. Based on my research, the products I stock tend to do well in the Ghanaian market. So I’ll start here and consider other countries eventually. 

You can register your company in Ghana on www.norebase.com whenever you’re ready to

Definitely! I will.

What are three things you want people to know about your brand and beliefs?

  • Tiwarewa is a brand that stocks items used in interior decor to drive comfort and productivity in your homes and offices, respectively. We take pride in customer satisfaction, so our pieces are tailored to your needs.
  • Many people need to take cognizance of their environment because you still come back home needing to relax at the end of a long and tiring day. When your space is free of clutter, it enables you to rest and think, which begs the need for people to invest in their homes and workspaces. 
  • To fellow entrepreneurs, I’ll say I don’t think the journey gets easier, but the best thing to do is have a team of people who share your dreams and vision as an entrepreneur so your business can survive without you. You don’t have to spend every waking hour stressing about your brand because you know that you have a team that can be there for and grows the brand. 

What will a business registration do for your brand?

I believe it’s the first step to establishing my business. Also, with Tiwarewa having its bank account, I can properly separate personal finance from my business finance. Finally, it will help fast-track building a structure for the brand.

Interesting! Any questions for Norebase or me?

How long does it take to complete a business name registration on Norebase?

After filling the application on www.norebase.com, we begin processing your application, And it typically takes between 3-5 days to get your registration documents sent to you. 

That’s great!

Finally, how can I patronize the Tiwarewa brand?

You can find us on Instagram at Tiwarewa.ng and Twitter at Tiwarewa_ng

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Business Name Registration Corporate Affairs Commission Incorporation in Africa Uncategorized

How Vendoff is enabling Sustainability with Clothings

In honour of International Women’s Day, Norebase gifted five (5) outstanding female entrepreneurs with company incorporations and business name registrations, according to their preference.

How did we select them?

We asked female entrepreneurs to tell us what a business registration will do for their businesses, and had Odunayo Eweniyi (of Piggyvest) select 5 winners.

On this week’s episode of Norebased, we sit down with one of the winners of the IWD Giveaway, Tochi Egwuatu (Owner of Vendoff), as we talk about fostering sustainability in Nigeria

Tell me about yourself.

My name is Tochi Egwuatu. I’m an indigene of Anambra State and a graduate of the University of Lagos. I am professionally a product operations lead at a software company. So you can say my line of work makes me curious about people’s problems and how to build respective solutions. 

Interesting! Can I draw a straight line from your profession to your brand?

Not entirely! I had a problem I experienced, and the desire to solve this problem led me to create Vendoff. So the idea itself had little to do with my profession but the decision to build a product that solves the issue does.

What’s the story behind Vendoff?

Back when I was in school, I had some difficulty accessing the kind of clothes I needed to attend certain events, so I would mainly go for the more affordable option, and you can guess the problem with this choice.

Poor Quality?

Exactly! I had an issue with fast fashion because there was a lack of uniqueness, and they were mostly not durable. I’ve always been interested in the fashion industry, but I didn’t want to do what everyone was doing. So Vendoff is a solution aimed at giving people access to sustainable fashion.

Say more

Vendoff is a platform that allows you to purchase items you love at affordable prices, and not just that; You can also sell preloved clothing items. So, in a sentence, Vendoff is a P2P product that gives people express access to clothing items they love.

Awesome! How did you start?

As a result of my interest in the fashion industry, I decided to take a different approach when I started. I had quite a number of clothes that I had worn once and may never use again either because the colour didn’t suit me or because I had outgrown them. I realized that many individuals could also resonate with this, hence, the idea for Vendoff. 

So, Sustainability, but make it fashion?

LOL, Yes!

This is great! How do you source the clothes?

I started with my preloved clothes and a few from my friends. But currently, the platform is open to anyone interested.

Anyone?

Sure! We accept clothes from interested individuals; however, we have an internal QA system to vet the clothes we receive; this way, the items we sell are not subpar. Then, we put them up for sale on our page when they are approved.

Awesome! Did you have issues with capital when you started?

Definitely! I did have an issue with capital and still do. This is because I envisioned Vendoff as a website and more than just an Instagram store.

Wow! What are the current challenges you face? 

Presently, my current challenges are awareness and trust. The few people who trust Vendoff find it a bit hectic picking out and listing their products. And for me to drive awareness and reach my target market, it takes me right back to the need for funds.

Now that’s a full circle. Say you had the funds, trust, and awareness for Vendoff; where are you in the next three years?

I see Vendoff as an app/website where young people can go on and browse through clothes that they probably couldn’t access easily at affordable rates while also listing their clothes with little or no hassle.

What countries will you like to expand to?

I’ll like to expand to Ghana and South Africa because there is a ready market of young people who are open to using this service in these countries.

That means Norebase way then! *Shameless Business Plug* Norebase can help you set up your business in these two countries

LOL! Of course! 

PS: Register your company in Ghana and South Africa with ease on www.norebase.com

What are three key things you’ll like people to know about Vendoff?

  • Accessibility. We are pushing accessible fashion. You have access to different clothing brands at affordable rates and in excellent condition.
  • Sustainable fashion. You can buy and sell preloved items instead of disposing of them in ways that affect the environment.
  • Great Service. Vendoff is particular about ensuring that customers have a great experience from packaging, to customer issue resolution, to enquiries. We are pushing excellent service as a brand. We hope to keep that at the core of the business even when we expand.

Interesting! Congratulations once again on winning the free business registration from Norebase! What are your expectations from this move?

I’ve always wanted to do a business registration for apparent reasons. So I know it will help with credibility, so people see us as not just another business. Brand trust is another impact it will have, especially with owning a business bank account. And, of course, access to funding and loans just got easier for me. 

Finally, do you have a question for Norebase or me?

Yes, So what do you think about Vendoff?

Smoooth! 

LOL

I think Vendoff is a great initiative, especially for sustainability in Nigeria. I don’t think we’ve quite hacked this sustainability thing well yet. So your brand pushing this gives it a whole new meaning. There’s been some buzz about sustainability, but not many people actually do something about it. So this is you “doing the thing.”

I’m flattered! Thank you!

So how can people be a part of this?

Anyone can reach out to us on Instagram at Vendoff.ng to buy some of our displayed items and to declutter their wardrobes as well.

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Business Expansion Incorporation Norebase Norebased

I believe Nigeria needs a Regulatory Body to check skincare products — Oni Jesutomilola

I believe Nigeria needs a Regulatory Body to check skincare products — Oni Jesutomilola

In honour of International Women’s Day, Norebase gifted five (5) outstanding female entrepreneurs with company incorporations and business name registrations, according to their preference.

How did we select them?

We asked female entrepreneurs to tell us what a business registration will do for their businesses, and had Odunayo Eweniyi (of Piggyvest) select 5 winners.

On today’s episode of Norebased, we sit down with one of the winners of the IWD Giveaway, Oni Jesutomilola Folasayo (Owner of Skinz Aesthetics), to discuss the Skin care industry in Nigeria.

Tell me about yourself.

My name is Oni, Jesutomilola Folasayo. I am from Kwara State. I’m a medical Aesthetician professionally trained in South Africa with all the licensing I need to practice. 

Have you always been interested in the skin business?

Quite a bit. Before starting Skinz Aesthetics, I worked in various skincare establishments, so I got the necessary experience after my certifications and license.

Nice! What was the inspiration behind starting Skinz Aesthetics

Skinz Aesthetics was borne in July 2021 out of my desire to give people with varying skin colours access to a proper skincare routine and treatment tailored to their skin type and condition. We guide anyone who wants to get started with skincare so they get it right.

Is there a reason why you think this is vital?

Of course. People often come down with various skin conditions that develop from using products and routines that damage their skin. So, we are left to repair what has already been damaged. We want to ensure that we don’t even have to worry about fixing the skin but just making it look and feel great.

Interesting. What’s your team like?

Presently, I do most of the hands-on work, but I have a Doctor and a Nurse who work with me on certain skin conditions and the appropriate treatment.

Oh! Sounds serious. I’m curious. What’s your process like?

When clients come in, we first offer a consultation session so we can know their skin type. This will inform the treatment, routine, and products they will need. On the other hand, we also educate the client on any findings, making them more aware of their skin even if they are new at skincare.

I’m suddenly rethinking my Skincare routine.

LOL

But when I hear Skincare, I hear painful debit alerts? 

Yes, that’s a problem my brand is trying to solve. A lot of people don’t have a routine because they feel it’s expensive to have and maintain a routine, so they opt for the accessible, cheaper options that may be damaging. At Skinz Aesthetics, we give expert advice, products, and treatment at an affordable rate. We believe everyone deserves access to skincare.

In essence, Everyone deserves to glow?

LOL. Of course.

What are the challenges you face? 

Promotion and finances. I have an image of how I want my space to look, but it requires a lot of money to get the necessary equipment and to make the place aesthetically pleasing. Also, we are contending with many known brands, so we need all the publicity we can get to let people know that there’s a place for affordable, expert skincare.

Of course! What is client satisfaction like?

I want clients to feel like they got value for their money; not beautiful, not amazed, just that what they paid for was what they got and even more. And that means seeing results from the treatment they got.

What kind of products do you use?

My products are mostly clinically tested and approved skincare products. I don’t believe in using products that are not rigorously tested. In fact, I am one of the advocates for us to have a regulatory body in Nigeria to ensure that organic skincare products are evaluated before being sold.

Interesting! Where are you located?

We are based in Abuja for now, but we hope to expand to more locations soon.

Speaking of expansion, what’s the plan?

I plan to grow gradually, not suddenly, so I can sustain the name. I also want to have branches in every State in Nigeria and eventually branches around West Africa. I also want to own  clinically approved products for my brand.

Wow! That’s huge

Yes, but every time I’m told my goal is too big, I remind people that there was a time when going to the moon was near impossible, but right now, people go regularly, right?

Right. I love itt! Let’s bring it closer. In 3 years, where are you at?

In 3 years, I’ll like to have moved to a bigger facility and employ more people on my team. I also want to be a household name in Abuja and have more people trust the brand.

What are three significant things you want people to know about Skinz Aesthetics?

  • Skinz Aesthetics is a place where you can get tailored skin treatments and products to match your skin type and conditions at an affordable rate.
  • You will always get value for your money at Skinz Aesthetics
  • We never shy away from feedback, negative or positive, because it helps us grow. 

What will company incorporation do for your business?

It will give me a lot more authenticity. People who associate with the brand will feel more comfortable that we are legit.

Do you have a question for Norebase?

Yes, I do. Do you fund businesses? I’m not ashamed to ask.

Lol. Currently, No. But we are building a community of founders and entrepreneurs where we offer business support tips and a platform where investors can also connect with you.

Great. I’m interested.

Finally, how can people reach you?

We are located at Aldenco Estate, Galadimawa, Abuja. You can visit us for any skincare needs and even a massage. For enquiries and bookings, you can reach us on Twitter, Instagram or send a mail to skinzaestheticclinc@gmail.com.

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Categories
Business Expansion Business Name Registration Corporate Affairs Commission Norebased

How TOUNÓLÁFEMME is redefining African couture

In honor of International Women’s Day, Norebase gifted five (5) outstanding female entrepreneurs with company incorporations and business name registrations, according to their preference.

How did we select them?

We asked female entrepreneurs to tell us what a business registration will do for their businesses and had Odunayo Eweniyi (of Piggyvest) select 5 winners.

On today’s episode of Norebased, we sit down with one of the winners of the IWD Giveaway, Adetounola Adekunle (creative director of Tounolafemme), as we discuss her journey into fashion.

Tell me about yourself.

My name is Adetounola Adekunle. I’m a recent graduate of the University of Lagos. I studied English Language. I’m a fashion designer, and I’m currently transitioning to tech as a UI Designer. 

Ah Ah! A double designer?

Lol, Something like that.

Please, go on

My brand, Tounolafemme, is an Afrocentric, comfortable, edgy fashion place that caters to your Adire fashion needs at affordable prices. I started my business in May 2021.

Awesome! How did you get into the business of fashion?

When I was in my second year at the university, I decided to start an internship as a creative. So I worked with a fashion blog. This was what piqued my interest in the industry. 

That’s to say you started early?

Yes. Funny enough, I can say it was even earlier than that. My mum worked in the fashion industry and dealt with textiles and fabrics.

Fair enough. Did you have any interest back then?

Not at all. When I realized that I loved wearing custom-made African attire that I sketched, I decided to take it seriously. Sometimes, I wish I had shown more interest back then because my mum would have helped me with sourcing fabrics when I started.

Oh, Is this a challenge you face?

Yeah. It’s hard sourcing quality fabrics. If you’re unwilling to put in the time, you will get the wrong ones. When I started, I had difficulty getting the right fabric, so I ended up paying for a high-end fabric.

A blessing, No?

Eh, A blessing of sorts. It was excellent quality, but I sold the pieces at a loss.

Sorry about that. What other challenges do you face?

I’ll say funding, fabrics, like I mentioned, and visibility. 

Say more

My capital mainly was money I saved while working for the fashion blog. And right now, my profit goes right back into the business. Also, I don’t think enough people know about Tounolafemme, and I’ll like to change that.

In essence, you need more eyes on your amazing pieces, right?

Yeah, I’ll like to see some public figures rocking clothes from the collection.

How do I go about owning a Tounolafemme piece?

I operate my store entirely online for now. So first, send us a dm indicating the piece you want and your size based on our size chart; then pay, and send your delivery details. Your Tounolafemme attire will be delivered within seven days.

Sounds great! Expect me in your dm sha

Lol. I can’t wait. 

What’s the price range for your most recent collection?

I take pride in giving quality at affordable prices. The cost ranges from N10,000  to N20,000.

Nice! Where do you see your brand in the next three years?

I want my brand to be the go-to for chic, edgy, and affordable Adire attire. I’ll also want to establish my footprints in neighboring African countries, such that Tounolafemme comes up when the discussion is about African couture. Also, I hope to start providing African-themed home designs/accessories like couches, throw pillows, rugs, and much more.

Awesome! Have you tried registering your business before?

I initially spoke to someone in 2020 about business registration, but I was discouraged by how tedious the process sounded. 

Oh! So how do you think the free business name registration from Norebase will help your brand?

Business name registration will increase my business credibility and make my brand more trustworthy. It will also help me get access to grants and loans. 

Have you tried accessing a loan before?

Yes, I tried applying for a loan some time back, but I didn’t get it because my business wasn’t registered.

What are three things you want people to know about your brand?

  • Tounolafemme is an Afrocentric clothing brand with comfortable and edgy designs that suit your needs. 
  • There’s a place for affordable Adire pieces, and it’s Tounolafemme.
  • At Tounolafemme, there’s something for everyone. We’ve got you covered, whatever your style is.

Any questions for Norebase?

No, I don’t have any. I just want to thank Norebase for the free business name registration.

I’d say don’t mention, but you already did. So I’ll return the favor.

To everyone reading, you can own a Tounolafemme piece by reaching out on Instagram and Twitter.

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Categories
Africa Business Expansion Incorporation Norebase

How Trixie Home Hub is turning houses into homes

In honour of International Women’s Day, Norebase gifted five (5) outstanding female entrepreneurs with company incorporations and business name registrations, according to their preference.

How did we select them?

We asked female entrepreneurs to tell us what a business registration will do for their businesses, and had Odunayo Eweniyi (of Piggyvest) select 5 winners.

On this week’s episode of Norebased, we sit down with one of the winners of the IWD Giveaway, Ayoola Toluwanimofe (owner of Trixie Home Hub), as we talk about owning your spaces.

“Home is Where the Heart Is”, but Mofe seems to agree with this quote only if the word “heart” is replaced with “Utensils.”

Tell us a bit about yourself.

My name is Ayoola Toluwanimofe but you can call me Mofe or Tolu. I am an indigene of Oyo State and a graduate of Lagos State Polytechnic. I own and manage the brand Trixie Home Hub, an online store that sells home appliances ranging from items as little as a teaspoon to microwaves, blenders and other home organisers.

What was the inspiration behind Trixie Home Hub?

I love cooking, so I’m obsessed with a kitchen fully equipped with functional and aesthetic utensils. So it was only natural for me to go into the business of providing these utensils and home appliances at an affordable price. 

Wall mounted shelves (Trixie Home Hub)

So you’re one of those people who would rather open Indomie spice with a pair of scissors?

Yes, exactly! I also use it for my vegetables. I even have such scissors currently in stock.

Please sign me up!

Lol. I’ll even rather have a spoon organiser than keep the spoon in a cupboard.

Plate Rack (Trixie Home Hub)

Interesting! How long have you been in business?

Trixie Home Hub will be two years old in June. 

Nice! So how did you get the capital to start?

I didn’t have issues with capital when I started because I’m mostly an intermediary between my customers and the suppliers. So I mostly reach out to my suppliers to get customers’ items.

Oh, wow. So what are some challenges you face while running your business? 

The major challenge I faced when I started was getting a credible supplier with the products I needed. I’m particular about the utensils I get, so it was an issue back then. Currently, the challenge is getting the right delivery company. Also, the exchange rate is a nightmare.  

Yeah, I can just imagine. So how long do you think home appliances should last?

I think utensils last for as long as you maintain them. If you can clean and store them well, they will be as good as new even five years from now. For instance, I have a blender I’ve used for five years and still counting.

Wow! Maybe I got a bad one.

Lol, another factor is the quality of the product.

Yeah! So what are some items you can set a new homeowner with?

Pots, Cooking Stoves, Plates, Cups. I could go on and on; however, I think these will vary from one person to another. So, the things I will suggest to a newlywed couple will differ from what I will tell a single person. However, I’ll say it depends on the person’s preference and of course their budget.

Non-stick pots (Trixie Home Hub)

Where do you see your business in the next three years?

I’ll like to own a physical store and start importing my goods by myself. Also, I’ll want to manage logistics in-house.

That’s great! Any expansion plans?

Yes, I will want to increase my reach nationwide to attend to customers in other States around Nigeria. 

If you could expand to any African country, what country would it be?

I’ll love to expand to a neighbouring African country like Ghana or Togo.

Sweet! Norebase can help you get there sha.

Lol, It’s now your turn to sign me up.

Congrats once again on winning the company incorporation. What do you think it will do for your business?

It will let me expand seamlessly and aid with sustainability; I think it will also assist with financial security as per access to loans and funding.

What are three things about your business you want readers to know?

  • Trixie Home Hub is a one-stop shop that sells quality home appliances at an affordable rate. 
  • We take pride in giving customers value for their money and delivering the products on time.
  • We can deliver anywhere in Nigeria.

Finally, where can customers find you?

Customers can find me on Instagram and Twitter.

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Business Expansion Incorporation Norebase

THE U.S IS NOW AT YOUR FINGERTIPS.

Our mission at Norebase is to provide the single digital infrastructure for you and your business to start, operate, and scale in any African country without ever bothering about the legal complexities and paperwork.

However, many entrepreneurs and innovators need U.S. entities to serve as parent entities for their start-ups, to access international markets, and receive global investment from the world’s biggest economy, i.e. the U.S.A.

Many international founders and African entrepreneurs struggle with navigating U.S. company registrations and have consistently asked us to help. So, we listened;

That is why, today, we are excited to announce that YOU CAN NOW REGISTER YOUR COMPANY (C-corp or L.L.C.) ON NOREBASE, right from your phone or laptop.

For just $380 (and that’s the most affordable price-point in the world), and by filling out a 5-minute form, you can get your fully registered company in the U.S.A. in 3 days.

What do you get for $380?

  • C-Corp or L.L.C. incorporation.
  • TAX ID (E.I.N.) set-up with I.R.S. – needed for opening a bank account
  • Physical Mailing Address in the U.S. (at no extra cost)
  • Registered Agent Service
  • Business Bank Account set-up

You can get a U.S. incorporation on Norebase, regardless of where you are in the world. So you can build that global business without worrying about legal complexities and paperwork.

Fill out the 5 minutes form → Pay → Get your company documents in 3 days. 

Viola! And you’re US-based! 

Start today on www.norebase.com.

Read: Register your company in the U.S in 5 easy steps.

💡Tip: It’s easy.

Read: Difference between C-corp or LLC?

💡Tip: C-corp are preferable if you want to raise investment or go public, as you can issue shares to investors, founders and employees. LLCs are flexible structures for running your business, and do not need any board.

Categories
Africa C-Corp Delaware Incorporation Incorporation Norebase Registered Agent U.S Bank Account

Register your company in the U.S in 5 easy steps.

All it takes is 5 minutes, and you’re done. Let’s get started.

Register your company in the U.S with Norebase

Step 1: Create an account

Provide your email address, name and password. After this, you will need to verify your email, so that you can access the website.

Step 2: Select “Company Incorporation” 

From the three primary services we offer, select “Company incorporation”

Step 3: Select “Delaware, USA”  

Step 4: Select “C-Corp” or “LLC”

Select the kind of company you want. If you want to better understand whether you need a C-Corp or LLC, read this: C-Corp or LLC?

💡Tip: C-corp is preferable if you want to raise investment or go public, as you can issue shares to investors, founders and employees. LLCs are flexible structures for running your business, and do not need any board.

Step 5: Fill out the short form & Pay

Fill the short form. Should only take 5 minutes to fill it out.

Some things to have handy include:

  • Name, phone number, e-mail and address of CEO, President, CFO and Secretary. However, one person can fill all the roles. The roles could also be shared among the intended directors of the company.
  • Number of Shares. The usual recommendation is 10,000,000 shares but you can fill anything you want in there.
  • Name, phone number, e-mail and address of Shareholders (Your shareholders will also double as your initial set of directors). 

P.S: On Address – If you don’t have an address in the US, just select “Norebase should provide one”. We will give you one for free. 

Also, select if you want Norebase to get you a Bank Account, and apply for EIN on your behalf.

Voila! Get your company documents in 3 business days.

This entire process takes less than 5 minutes from start to finish and you can do this from anywhere in the world. Just $380

What are you waiting for? 

 Let’s get you started at www.norebase.com

Categories
Business Expansion C-Corp Delaware Incorporation L.L.C Norebase Registered Agent U.S Bank Account

C-Corp or LLC; Choosing the right structure

If you’re registering a company in the USA, you probably had to decide whether you should incorporate a C-Corp or LLC. Here’s a quick guide to help you choose.

Norebase announces U.S (Delaware incorporation) at $380 only. How to choose between C-corp or LLC

What is a C-Corporation?

C-Corp is preferable for raising investment or having plans to go public. It is a company taxed separately from its owners. C-Corps have shares/stocks and shareholders. The Shares/stocks can be distributed between founders, shareholders, employees etc. Shareholders of C-Corps have limited liability for the debts and obligations of the corporation.

What is an LLC (Limited Liability Company)?

LLCs are often the first choice for small businesses because this model offers ease of management, a simple structure, and of course, limited liability for founders. In addition, it has members who divide ownership of the company among themselves. Also, LLCs do not require a board of directors.

Given this, you can easily decide between an LLC and C-Corp; however, if you are still unsure of which to choose, here is a quick comparison for you:

LLC vs. C-corporation (How to choose between C-corp or LLC)

LLCC-corp
FormationFormation involves filing:
– Articles of Organization
– Operating agreement
Formation involves filing:
– Articles of incorporation
– Corporate by-laws
– Elect a board of directors
– Hold a board meeting
– Hold a shareholders meeting
– Issue stocks and shares
OwnershipCan either be a single owner  (Single Member LLC) or several owners (multi-member LLC) Shareholders, Directors and Officers. 
Raising InvestmentMore difficult to get investorsIdeal for raising investment or going public (listing in a stock exchange)
Ideal UsageMore flexibility in the management of your business. You can add unlimited owners and do not require a board of directors.A great choice for companies that want to issue shares to founders, investors, and employees; Also recommended if you wish to raise investment or go public eventually
TaxesOwners can make a choice between being taxed as a corporation or as a partnership. 
Fun fact; You get to pick the option that minimizes taxes for you.
C-corps pay corporate tax on corporation’s taxes, and can participate in tax-free reorganizations.

LiabilityLimited liability of OwnersLimited liability of Shareholders

Whichever you choose to go with, www.norebase.com is the place to start. 

Let’s get your business set up!

Read: Set-up your company in the US in 5 easy steps

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Africa Business Expansion Corporate Affairs Commission Delaware Incorporation Incorporation Incorporation in Africa Uncategorized

Introducing: Business name registration on Norebase

Small businesses (SMEs) are the lifeblood of the Nigerian economy and contribute 49% of Nigeria’s GDP. That’s literarily almost half of Nigeria’s economy.

When you hear about “SMEs”, it’s easy to think of another person. But we are referring to your business: those dresses you sell on your Instagram account, those influencer-marketing gigs, those wigs you sell on your Twitter page, that small shop you set up in front of your house, that house agent business you conduct on Whatsapp, that business plan & CV writing you do on the weekends.

We believe small businesses can do much more if set up the right way. Meaning your side gig, that small project, that small business can be so much more.

What does “more” mean?

With a simple “Business Name” registration, you can:

  • Open a Bank Account in the name of your business. It makes your business more legitimate to your customers.
  • You can stop using your personal account for business. Isn’t the first financial advice that “Separate business income and personal income into separate accounts”
  • Get higher transaction limits on payment apps and Banks so that your customers can pay you more. You can receive higher amounts of money than an individual account (and isn’t the aim to make more money?)
  • Access loans easier. Banks and Fintechs do not like to deal with individual accounts for loans. A business account also means you have a single record of all your business transactions so that it is easier to get loans.
  • Easier due diligence and KYC when dealing with banks, fintechs, and other businesses.
  • Formalise partnerships and service business. Business names are the popular registration for law firms, accounting firms, most professional services businesses, and partnerships.

So gradually, you can move it from a “Business Name” to a “Company” (Norebase has you covered there also), trademark your business as you grow, and soon become a huge business, one registration at a time.

Norebase announces CAC Business name registration

*drum rolls* And that is why we are excited to announce that CAC Business name registration is now live on our website! You can register a business name right from your mobile phone or laptop, whether it’s just you (a “sole proprietorship“) or for your “partnership“. Oh! And it’s only NGN 25,000 ($50).

We expect to roll-out Business Names/DBAs in other African countries, in the coming months.

Get a business registration built for you exactly as you need it and where you are.

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Africa Business Expansion Norebase

Building the Borderless.

It is no secret; building a successful business is accelerated by two factors — access to a large market (usually driven by a strong and growing middle class) and predictable rules. When African businesses try to expand into other African countries to access broader markets, they quickly discover a business landscape that is confusing, unpredictable and complicated. They are faced with the challenge of dealing with varying languages, regulations, laws, and traditions across the continent. Any misstep can upset expansion plans significantly. It takes specific experience and knowledge to successfully navigate the peculiarities of different countries while staying compliant to each one.

The quick-changing regulatory space in many African countries also means that one of the best ways to ensure that negative or sudden regulatory changes do not threaten your business’ survival, is to set up in several markets. That way, change in one country does not drastically affect business operations, and when under threat, a business can retreat into one of its bases, and re-strategize.

Itis no secret; building a successful business is accelerated by two factors — access to a large market (usually driven by a strong and growing middle class) and predictable rules. When African businesses try to expand into other African countries to access broader markets, they quickly discover a business landscape that is confusing, unpredictable and complicated. They are faced with the challenge of dealing with varying languages, regulations, laws, and traditions across the continent. Any misstep can upset expansion plans significantly. It takes specific experience and knowledge to successfully navigate the peculiarities of different countries while staying compliant to each one.

Scaling and expansion is a survival issue for most African businesses.

Building Norebase is building a future where starting, scaling, and operating a business across Africa is easy and de-risked. We believe that the most difficult part of scaling should be the decision to do so, and the mechanics should be as simple as clicking a button. Africa’s prosperity depends on deepened trade, and we are building the “TradeTech” to make that happen.

Big goal? A single digital infrastructure for every business to start, scale and operate in EVERY African country efficiently. From the international businessman who wants to invest in Ghana to the Nigerian trader who wants to sell his goods in Kenya to the South African content creator who needs to receive royalties in Namibia, we envision a future with the fluidity of trade within Africa, where borders are not a bother for businesses and transactions.

We are building the borderless.