*COMPANY # KỌ́ŃPÌNNÌ*. *PRIVATE LIMITED LIABILITY COMPANY # KỌ́ŃPÌNNÌ ÀTIJẸ̀BI ONÍGBÈDÉKE ÀDÁNI*

COMPANY # KỌ́ŃPÌNNÌ. PRIVATE LIMITED LIABILITY COMPANY # KỌ́ŃPÌNNÌ ÀTIJẸ̀BI ONÍGBÈDÉKE ÀDÁNI

By Hakeem O. Adeniyan on Wednesday, March 02, 2022

*COMPANY # KỌ́ŃPÌNNÌ*

Oríkì: A lè ki kọ́ńpìnnì gẹ́gẹ́ bíi ìgbékalẹ̀ abẹ́ òfin kan èyí tí a dásílẹ̀ láti ọwọ́ ẹgbẹ́ iye ènìyàn kan ní ìbámu pẹ̀lú òfin fún èrèdí àti-tu ojúowó jọ láti lè dá àdáwọ́lé òwò kan sílẹ̀. Kọ́ńpìnnì jẹ́ ẹni àtọwọ́dá kan, tí ó sì tayọ ẹgbẹ́ àwọn ènìyàn kan lásán. Ó jẹ́ ẹni abẹ́ òfin tó ní ìláraẹni ara rẹ̀.

*PRIVATE LIMITED LIABILITY COMPANY # KỌ́ŃPÌNNÌ ÀTIJẸ̀BI ONÍGBÈDÉKE ÀDÁNI*

Oríkì: Kọ́ńpìnnì àtijẹ̀bi onígbèdéke àdáni ni a lè kì gẹ́gẹ́ bí èyí tó jẹ́ pé, nípasẹ̀ àwọn oríkèé òfin rẹ̀, ó pààlà sí ẹ̀tọ́ láti tàtaré ìpín-ìdókòwò rẹ̀, ó fi gbèdéke sí iye onípìn-ín-ìdókòwò rẹ̀ láti méjì sí àádọ́ta, ó fòfinde èyíkéyìí ìpè sí àwọn aráàlú láti kówólé àwọn ìpín-ìdókòwò rẹ̀, àti pé orúkọ kọ́ńpìnnì àtijẹ̀bi àdáni náà gbọ́dọ̀ parí pẹ̀lú “Limited”. Àpẹẹrẹ ni Bluebird Nigeria Limited, Godwill Nigeria Limited àti Newswatch Nigeria Limited.

*Characteristics of private limited liability companies # Àwọn àbùdá kọ́ńpìnnì àtijẹ̀bi onígbèdéke àdáni*

(1) Ownership # Níni: A ni òwò náà láti ọwọ́ àwọn onípìn-ín-ìdókòwò tí iye wọn lè wà láàárín méjì àti àádọ́ta.

(2) Objective # Èròńgbà: Àfojúsùn gbòógi fún kọ́ńpìnnì onígbèdéke àdáni ni láti jèrè.

(3) Source of capital # Orísun ojúowó: Ojúowó tí a nílò láti bẹ̀rẹ̀ àti láti mú òwò náà ṣiṣẹ́ ni ó máa ń di pípèsè láti ọwọ́ àwọn onípìn-ín-ìdókòwò ní ìrí ìpín-ìdókòwò.

(4) Liability # Àtijẹ̀bi: Àwọn onípìn-ín-ìdókòwò ní àtijẹ̀bi onígbèdéke. Nígbà tí ìfowódígbèsè bá fẹ́ ṣẹlẹ̀, iye tí onípìn-ín-ìdókòwò kan lè pàdánù ní gbèdéke lóri iyeorí ìpín-ìdókòwò rẹ̀ tí a ti sanwó fún ní kíkún tàbí ojúowó tí ó ti dókòwò sínú òwò náà. Òfin dáàbò bo ohun-ìní tàbí dúkìá aláraẹni rẹ̀.

(5) Legal entity # Ìgbékalẹ̀ abẹ́ òfin: Òwò náà jẹ́ ìgbékalẹ̀ abẹ́ òfin lọ́tọ̀, ó sì yàtọ̀ sí àwọn olùni òwò náà. Òwò náà lè peni lẹ́jọ́ tàbí kí á pè é lẹ́jọ́ lórúkọ ara rẹ̀, láìfi àwọn olùni sí i.

(6) Continuity # Ìtẹ̀síwájú: Ìtẹ̀síwájú máa ǹ wà nínú àwọn ìmuṣiṣẹ́ òwò náà nítorí pé kíkúrò tàbí ikú onípìn-ín-ìdókòwò kan lè má lapa lórí wíwà kọ́ńpìnni náà.

(7) Shares are not easily transferable. # Àwọn ìpín-ìdókòwò kò ṣe í tàtaré nírọ̀rùn. A kò lè tún ìpín-ìdókòwò tà fún àwọn ẹlòmíràn, àyàfi pẹ̀lú ìyọ̀ǹda àwọn onípìn-ín-ìdókòwò yòókù.

(8) Management # Ìdarí: Kọ́ńpìnnì onígbèdéke àdáni náà ni à ń darí láti ọwọ́ àjọ àwọn apàṣẹ èyí tí àwọn onípìn-ín-ìdókòwò ti yàn.

*Sources of finance to private limited liability company # Àwọn orísun owónàá fún kọ́ńpìnnì àtijẹ̀bi onígbèdéke àdáni*

(1) Loans and overdrafts from banks # Ẹ̀yáwó àti àsanlé láti àwọn báńkì.

(2) Shares raised by shareholders # Àwọn ìpín-ìdókòwò tí a kójọ láti ọwọ́ àwọn onípìn-ín-ìdókòwò.

(3) Equipment leasing # Ìyáni ni àmúṣagbára: Àwọn kọ́ńpìnnì lè yáni ní àwọn àmúṣagbára bíi katakata, ọkọ̀-àjàgbé, abbl fún owó.

(4) Retained profits # Àwọn èrè àdáró: Àwọn èrè tí kọ́ńpìnnì jẹ ni a lè yà sọ́tọ̀ tàbí bí kí á tún wọn dókòwò.

(5) Trade credit # Ìgbàwìn ọjà: Kọ́ńpìnnì lè ra àwọn ohun-èlò atokodé láwìn.

(6) Hire purchase # Sándíẹdíẹ: Kọ́ńpìnnì lè rí ìrọ̀rùn gbà láti rà àti láti sanwó ní díẹdíẹ.

*Advantages of private limited liability company # Àwọn àǹfààní kọ́ńpìnnì àtijẹ̀bi onígbèdéke àdáni*

(1) Large capital # Ojúowó títóbi: Kọ́ńpìnnì àtijẹ̀bi onígbèdéke àdáni lè kó ojúowó jọ nírọ̀rùn látàrí àwọn onípìn-ín-ìdókòwò púpọ̀ tí ó ṣẹ̀dá òwò náà.

(2) It is a legal entity. # Ó jẹ́ ìgbékalẹ̀ abẹ́ òfin.

(3) Shareholders have limited liability. # Àwọn onípìn-ín-ìdókòwò ní àtijẹ̀bi onígbèdéke.

(4) Continuity # Ìtẹ̀síwájúu wíwà: Àǹfààní ìtẹ̀síwájúu wíwà ga nítorí pé ikú tàbí kíkúrò onípìn-ín-ìdókòwò kan kò lè lapa lórí wíwà kọ́ńpìnnì náà.

(5) There is efficient management. # Ìdarí jíjáfáfá máa ń wà.

(6) There are large profits. # Èrè gọbọi máa ń wà.

(7) There is possibility of expansion. # Àtiṣeéṣe ìgbèrú wà.

(8) It enjoys internal economies of large-scale production. # Ó máa ń jẹ̀gbádùn ìṣọ́wóná abẹ́nú nítorí ìgbéjáde olóṣùwọ̀n ńlá.

*Disadvantages of private limited liability company # Àwọn àìláǹfààní kọ́ńpìnnì àtijẹ̀bi onígbèdéke àdáni*

(1) It has limited capital because the number of shareholders is limited to fifty. # Ó ní gbèdéke ojúowó nítorí pé iye onípìn-ín-ìdókòwò ní gbèdéke lórí àádọ́ta.

(2) Shares are not sold to public. # A kò lè ta ìpín-ìdókòwò fún àwọn aráàlú.

(3) Shares are not easily transferable. # Ìpín-ìdókòwò kò ṣe í tàtaré nírọ̀rùn.

(4) There is no privacy because the company is required to publicise its account. # Kò sí ìdákọ́ńkọ́ nítorí pé a nílò kọ́ńpìnnì náà láti ṣe ìtẹ̀síta àsùnwọ̀n rẹ̀.

(5) There is payment of corporate tax. # Sísan owóorí kọ́ńpìnnì wà.

(6) There is no personal contact between the owners and the customers. # Kò sí ìfarakanra aláraẹni láàárín àwọn olùni àti àwọn oníbàárà.

(7) There is delay in decision taking. # Ìlọ́ra máa ń wà nínú ṣíṣe ìpinnu.

~ Hakeem O. Adeniyan , 8/1/2022

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