Do I need a permit for my company’s board in Lagos state?

Do I need a permit for my company’s board in Lagos state?

March 25, 2019

The reason why companies put up their board is to promote, advertise, direct and entice customers to the business.

However, a business in Lagos that intends to put up its company’s board requires a permit from the Lagos State Signage & Advertisement Agency (LASAA) to do so.

The Lagos law which governs signage and advertisement clearly states that every corporate entity’s outdoor structure must be registered.

A company’s board is an outdoor signage and this is called first party sign.

A first party sign informs the public of a business in that particular location.

Accordingly, the company’s board is required to be registered with a registration code which shall be sealed or mounted with the board.

Team 618 Bees

 

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Frequently Asked

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.

  • What’s the difference between a business name and an LLC?
    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 

  • What is SON?

    SON stands for ‘Standards Organization of Nigeria’

  • Is there a penalty for late renewal of registration of products with NAFDAC?

    Yes, there is a late renewal fee, which is dependent on the category of the product.

  • How many directors do I need to start a company?

    A minimum number of two (2) directors is required to form a company.

  • Why do I need a trademark?

    You need to register your trademark because if you don’t register it, someone else can! It helps identify you as the source ad indicates a consistent level of quality of your products and services. Securing a registered trademark protects your brand, and provides you with tools to prevent someone else from using similar signs and riding off the back of your business.

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