STANDARD PLAN UPGRADE OF BUSINESS NAME TO LIMITED LIABILITY COMPANY

1. About This Service

1.1 These Terms and Conditions govern the Upgrade of Business Name to Limited Liability Company service offered by Rexobe Consult Ltd to all clients engaging our services.

1.2 This service is strictly for clients who currently hold a registered Business Name under the Corporate Affairs Commission (CAC) and wish to upgrade and convert it to a fully incorporated Limited Liability Company. Clients who do not have an existing registered business name are not eligible for this service and will be required to proceed with a fresh Limited Liability Company registration instead.

1.3 This service is offered under two plans: the Standard Plan and the CEO Plan. Each plan carries its own pricing, deliverables, and timelines as detailed in this document.

1.4 Clients are advised to carefully review both plans before making payment to ensure they select the plan that best suits their needs. Plan selection cannot be changed after payment without attracting additional charges.

2. Service Plans, Pricing & Deliverables

A. Standard Plan: ₦86,000

Under the Standard Plan, the client will receive the following (soft copies only):

• CAC Certificate
• Status Report
• Memorandum & Articles of Association (MEMART)
• Tax ID Generation

B. CEO Plan: ₦204,750

Under the CEO Plan, the client will receive the following (both hard and soft copies of CAC documents):

CAC & Compliance Documents:

• CAC Certificate (hard & soft copy)
• Status Report (hard & soft copy)
• MEMART (hard & soft copy)
• Tax ID Generation

Branding & Design:

• Logo Design
• Letterhead (20 pieces) & Editable soft copy
• Business Cards (100 pieces for 1 director)
• ID Cards (for any 2 directors)
• Iron Company Seal (physical metal stamp)

Staff Onboarding Documents (soft copies):

• Employee Biodata
• Employee Contract Agreement
• Employee Offer Letter
• Employee Payslip
• Guarantor Form
• Job Description Templates
• Job Report Sheet
• Non-Compete Agreement
• Non-Disclosure Agreement Template
• One-Year Company Strategic Plan

Additional Benefits:

• Purchase Receipts (5 Booklets)
• Framed Certificate
• Free Delivery (up to ₦8,000, see clause 2.4)
• Corporate Account Opening Referral (see clause 2.5)

2.1 Please note clearly: Soft copies of Letterhead, Business Card, and ID Card designs attract extra fees outside of both the Standard and CEO Plan prices where requested as standalone items. These are only included as part of the CEO Plan bundle.

2.2 Staff Onboarding Documents are not included in the Standard Plan under any circumstances. Clients requiring Staff Onboarding Documents must upgrade to the CEO Plan.

2.3 ID Cards under the CEO Plan cover any two (2) directors only. ID cards for additional directors beyond two will attract extra charges at the client’s expense.

2.4 Free Delivery: The CEO Plan includes free delivery of physical items up to a maximum value of ₦8,000. Where the actual delivery cost exceeds ₦8,000, the client will be required to pay the difference between ₦8,000 and the actual delivery cost. Rexobe Consult will notify the client of any excess delivery charges before dispatch.

2.5 Corporate Account Opening Referral: The CEO Plan includes a referral to any of Rexobe Consult’s three partner banks (Zenith Bank, Wema Bank, or Sterling/Alternative Bank) for corporate account opening. The client may choose any of the three banks. Please note that Rexobe Consult facilitates the referral only and does not process the account opening. The account opening process is handled directly between the client and the chosen bank.

2.6 Iron Company Seal is a physical metal stamp of the company seal, delivered to the client upon completion of registration. It can be used on official company documents.

2.7 The deliverables listed above represent the complete scope of each plan. No additional items will be included unless explicitly agreed upon in writing by Rexobe Consult Ltd.

3. Eligibility and Important Pre-Conditions

3.1 To be eligible for this service, the client’s existing Business Name registration must meet all of the following conditions before payment is made:

• The Business Name must be currently registered and active with the CAC
• All Annual Returns for the existing Business Name must be fully filed and up to date. Outstanding Annual Returns will delay or disqualify the upgrade process entirely
• The client must have all original CAC registration documents for the existing Business Name readily available

3.2 Annual Returns: Clients whose existing Business Name has outstanding Annual Returns are strongly advised to ensure these are filed and up to date before submitting documents for this service. Any costs associated with filing outstanding Annual Returns are not covered under this service and will be borne entirely by the client. Rexobe Consult offers Annual Returns filing as a separate service.

3.3 Clients who make payment without meeting the above preconditions acknowledge that the service cannot commence until all conditions are satisfied. The three-month document submission grace period stated in Section 8 will apply, and administrative penalties will accrue accordingly if conditions are not met within that window.

3.4 Please note clearly: The upgrade of a Business Name to a Limited Liability Company results in the creation of a new legal entity. The existing Business Name registration will be retired in the process. Clients are advised to seek independent legal or business advice if they have concerns about this before proceeding.

4. Additional Parties: Directors & Shareholders

4.1 This service accommodates a maximum of five (5) Directors and Shareholders under both the Standard and CEO Plans. Any party added beyond this maximum will attract an additional charge of ₦5,375 per extra individual added, payable separately and entirely at the client’s expense.

4.2 Clients are advised to confirm the total number of directors and shareholders involved before making payment to avoid unexpected additional charges. Rexobe Consult will notify the client of any excess party charges before proceeding, but this notification does not waive the obligation to pay the applicable charges.

5. Payment

5.1 Payment for this service can be made through the following channels:

• Rexobe Consult official website: www.rexobeconsult.com
• Direct bank transfer to the official Rexobe Consult Ltd bank accounts:

5.2 Clients making payment via bank transfer must send a screenshot of the payment immediately after transfer to Rexobe Consult for confirmation. Your service slot is only secured upon payment confirmation by Rexobe Consult.

5.3 Clients are advised to ensure that payment is made strictly to the official Rexobe Consult Ltd bank accounts as stated above. Rexobe Consult will not be liable for payments made to any other account.

5.4 The amount paid must correspond exactly to the price of the plan selected. Any discrepancy in the amount paid will be flagged and must be resolved before the service can commence.

5.5 Rexobe Consult will not be held responsible for failed transactions or incorrect amounts entered by the client.

6. Document Submission

6.1 Upon payment, clients are required to submit all necessary documents for the Upgrade of Business Name to Limited Liability Company. The following details are required for all Directors, Shareholders and Witness:

• Surname, First Name and Other Name
• A clear picture of National ID Card / NIN Slip
• Date of Birth
• Phone Number and Email Address
• Residential Address (House Number, Street Name, Area, LGA & State)
• Occupation
• Signature and Passport Photograph

Additional Requirements:

• Letter of Authorization and Letter of Request
• The Objects of the Business (nature/purpose of the company)
• Business Phone Number and Email Address
• Shareholding Percentage for each Subscriber
• Business Address (Area, Local Government and State)
• CAC Registration Documents of the existing Business Name (mandatory)
• Annual Returns of the existing Business Name (mandatory, must be fully up to date)

6.2 Please note clearly: The CAC Registration Documents and Annual Returns of the existing Business Name are mandatory and non-negotiable for this service. Without these documents, the upgrade process cannot commence under any circumstances. Clients are advised to ensure these documents are readily available before making payment.

6.3 It is the client’s sole responsibility to ensure that all names, spellings, shareholding percentages, and information provided are accurate and correct. Rexobe Consult will proceed with the upgrade based strictly on the information submitted and will work with the names and dates of birth as written on clients’ valid ID cards. Any errors arising from incorrect information provided by the client will attract additional correction charges at the client’s expense.

6.4 Documents must be provided for all Directors, Shareholders and Witness without exception. Incomplete submissions for any of the listed parties will be treated as an incomplete submission and will not trigger the service time frame.

6.5 The service time frame countdown does not begin until all required documents, including CAC Registration Documents and Annual Returns, have been received in full and confirmed as complete by Rexobe Consult.

6.6 Clients who make payment without submitting the required documents are granted a grace period of three (3) months to provide all necessary documentation. Please refer to Section 8 for the consequences of failing to submit documents within this period.

7. Service Timeframe

7.1 Upgrade of Business Name to Limited Liability Company under both the Standard and CEO Plans will be completed within one (1) month from the date all complete and accurate documents are received and confirmed by Rexobe Consult, all things being equal.

7.2 This time frame is subject to the processing schedules of the Corporate Affairs Commission (CAC) and other relevant government authorities. Rexobe Consult shall not be held liable for delays caused by CAC portal downtime, system changes, regulatory updates, or any circumstances beyond our control.

7.3 The one-month time frame only begins when complete documents are submitted, including the CAC Registration Documents and Annual Returns of the existing Business Name. Incomplete submissions will not trigger the timeframe.

7.4 CEO Plan, Physical Deliverables:

• Delivery Within Lagos: 24 to 48 hours from completion of document processing
• Delivery Outside Lagos: 3 to 5 working days from completion of document processing
• Working days refer to Monday through Friday, excluding Nigerian public holidays

7.5 Delays: While Rexobe Consult strives to meet all stated timelines, unforeseen circumstances such as public holidays, courier delays, CAC portal downtime, or document verification issues may cause delays. Clients will be notified promptly in such cases.

7.6 Graphic Design, CEO Plan: Upon completion of CAC registration, CEO Plan clients will be transferred to the Rexobe Consult graphic design team for the design of branding deliverables (Logo, Business Cards, Letterhead, ID Cards, etc.). The client has two (2) weeks from the date of first communication with the graphic designer to provide all necessary assets, information, and approvals required for the design work.

• Failure to provide the required assets or information within this two-week window will result in delays entirely attributable to the client. Rexobe Consult shall not be held responsible for design delivery delays arising from the client’s failure to engage promptly.
• The two-week window begins from the date the client first communicates with the graphic designer and cannot be paused or extended due to the client’s unavailability.

8. Document Submission Deadline & Administrative Penalty

8.1 Clients who make payment but fail to submit the required documents are granted a grace period of three (3) months from the date of payment to provide all necessary documentation.

8.2 Failure to submit the required documents within the three-month grace period will attract a monthly administrative penalty of 2.5% of the total service fee, applied at the end of each subsequent month until all documents are provided.

8.3 If there is a change in the price of the service during this period, the client will be required to pay the difference between the original amount paid and the updated service fee, in addition to any accumulated administrative penalties.

8.4 Accumulated administrative penalties must be settled in full before Rexobe Consult will commence processing of the client’s registration.

9. Client Review & Approval Responsibility

9.1 Before any documents or forms are submitted to CAC on the client’s behalf, Rexobe Consult will send the completed registration details to the client for review and approval.

9.2 The client is expected to carefully review all documents for accuracy including company name, directors’ details, shareholding structure, objects of the business, addresses, dates, and all other details before granting approval.

9.3 Once the client approves the documents, the client assumes full responsibility for the accuracy of the content therein. Any errors, queries, fines, or additional charges arising from incorrect information that was approved by the client will be borne entirely by the client.

9.4 Approval of documents by the client signifies that the client is satisfied with the content and authorizes Rexobe Consult to proceed with submission. No corrections will be made at Rexobe Consult’s expense after client approval.

9.5 If the client identifies an error before approval, it must be communicated immediately so corrections can be made before submission. That is the only window for free corrections.

10. Name Reservation

10.1 Clients are entitled to reserve up to two (2) company names under this service.

10.2 If both name options are rejected by CAC, the client will be required to provide additional names. Any additional name reservation beyond the two included will attract extra charges.

10.3 Rexobe Consult will proceed with registration using exactly the name(s) provided by the client. Ensure all proposed names are correctly spelled and formatted before submission.

11. Refund Policy

11.1 Pre-Commencement Refund, Within Three (3) Months: Where a client has made payment but has not yet submitted the required documents and requests a refund within the three (3) month grace period, a refund will be processed less a 20% administrative fee deducted from the total amount paid.

11.2 Pre-Commencement Refund, After Three (3) Months: Where a client requests a refund after the three (3) month grace period has elapsed and documents have still not been submitted, the refund will be processed less:

• A 20% administrative fee, AND
• 2.5% of the total service fee for every month that has elapsed beyond the three-month grace period

Example: A Standard Plan client requests a refund 5 months after payment (2 months beyond the grace period). Deduction = 20% + (2.5% x 2 months) = 25% total deduction.

11.3 Post-Commencement, No Refund: Once Rexobe Consult has commenced work on the client’s registration, including but not limited to submission of documents to CAC, payment of any government charges, or initiation of name reservation, no refund will be issued under any circumstances.

11.4 Completed Work, No Refund: Where the registration has been fully completed and all deliverables have been provided to the client, no refund will be issued regardless of the reason for the request.

11.5 Cancellation by Rexobe Consult: In the unlikely event that Rexobe Consult is unable to fulfil its obligations and initiates cancellation, a refund will be provided less a 30% fee to cover costs already incurred up to the point of cancellation.

11.6 Refunds will be processed within three (3) weeks from the date the refund request is approved by Rexobe Consult.

12. Document Preservation

12.1 Clients are expected to keep and preserve all documentation delivered upon completion of work. Rexobe Consult will not be responsible for documents lost after delivery to the client.

12.2 Document retrieval is not free. If a client requires retrieval of previously delivered documents or reports loss of documents, this will attract applicable retrieval charges entirely at the client’s expense.

12.3 Please note that the Corporate Affairs Commission (CAC) no longer provides hard copies of registration documents as standard. Hard copies under the CEO Plan are processed and printed by Rexobe Consult. Clients under the Standard Plan who require hard copies must request and pay for them separately.

13. Limitations & Exclusions

13.1 Rexobe Consult is not responsible for any losses, missed opportunities, or business consequences arising from delays caused by government agencies, outstanding Annual Returns, incomplete client documents, or client inaction.

13.2 These Terms and Conditions govern the standard service offering of Rexobe Consult Ltd for Upgrade of Business Name to Limited Liability Company and are separate from any promotional terms that may have been issued during any promo period.

13.3 Rexobe Consult does not guarantee the approval of any company name, as this is entirely at the discretion of the Corporate Affairs Commission (CAC).

13.4 The Iron Company Seal is a physical item. Rexobe Consult shall not be held liable for any damage, loss, or misuse of the seal after it has been delivered to the client.

13.5 Clients are advised that the upgrade of a Business Name to a Limited Liability Company is irreversible once processed by the CAC. Clients are strongly advised to confirm their decision before granting approval for submission.

14. General Provisions

14.1 Rexobe Consult reserves the right to amend these Terms and Conditions at any time. Clients will be notified of any material changes.

14.2 These Terms and Conditions shall be governed in accordance with the laws of the Federal Republic of Nigeria.

14.3 Any dispute arising from this service shall first be attempted to be resolved amicably between both parties before any further action is taken.

Client Declaration & Acknowledgement

Please tick the box below to confirm your understanding and acceptance before making payment.