Document background
The Operating Agreement C Corporation is a crucial document required when establishing or formalizing a corporation's governance structure in Nigeria. It serves as the primary instrument defining how the corporation will operate under Nigerian law, particularly in compliance with the Companies and Allied Matters Act (CAMA) 2020. This document is essential when incorporating a business as a C Corporation in Nigeria, particularly for companies seeking a formal corporate structure with shareholders, a board of directors, and professional management. It includes detailed provisions for corporate governance, share ownership, transfer restrictions, management responsibilities, and operational procedures. The agreement is particularly important for businesses planning to scale, attract investment, or establish clear governance structures, providing a framework that supports corporate growth while ensuring regulatory compliance.
