Document background
Articles of Incorporation for Sole Proprietorship is a crucial document used when establishing a formal single-owner business in Nigeria. While sole proprietorships are the simplest form of business structure, having proper Articles of Incorporation helps establish credibility, facilitate business registration, and ensure compliance with Nigerian regulations, particularly the Companies and Allied Matters Act (CAMA) 2020. This document is typically prepared when a sole proprietor wants to formalize their business operations, open corporate bank accounts, enter into contracts, or expand operations. It includes essential information about the business owner, business purpose, operational framework, capital structure, and management provisions. The document serves as a reference point for regulatory authorities, financial institutions, and business partners, demonstrating the legitimate establishment and operation of the business within Nigerian jurisdiction.
