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

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 

  • 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. 

  • Why is mutual assent important in a contract?

    This is one of the key elements of a contract because is shows the meeting of the minds of both parties

  • What are the product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water

  • What is data protection?

    Data protection is a legal process of protecting sensitive data.

  • How long does the registration of an industrial design last?

    It is effective for an initial period of 5 years from the date of the application for registration and renewable for two consecutive periods of 5 years

  • What will happen if I buy the wrong category of forms with NAFDAC?

    Nothing, the purchased form will be in your account for future use.

     

  • Can my kids be shareholders in my company?

    Yes your kids can hold shares in your company but there must be a minimum of two adult shareholders before kids can be included.

  • Does Trademark registration protect my website domain name?

    Yes, it does.

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