Document background
Articles of Association of One Person Company is a mandatory document required for incorporating and operating a single-member company in Nigeria. This document became particularly relevant after the introduction of One Person Companies in the Companies and Allied Matters Act (CAMA) 2020, which modernized Nigerian company law to accommodate sole entrepreneurship in a corporate format. The document must include specific provisions for single-member operations, nominee arrangements, decision-making processes, and compliance requirements under Nigerian law. It serves as the company's constitution and is filed with the Corporate Affairs Commission during registration, establishing the framework for corporate governance, share capital structure, and operational procedures. The document is essential for entrepreneurs seeking to incorporate their businesses while maintaining sole ownership and limited liability protection.
