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.
What is an execution clause in a contract?
This is the section in which the parties sign the contract or agreement.
What are the benefits of Registering with SON?
Product traceability in the Nigerian market
Detection of counterfeit products
Barriers to the circulation of substandard goods
The official SON Product Registration Logo and number are displayed on registered products.
Is it legal to transfer the personal data you obtained legally to another person?
No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
When registered, how long does a patent last for?
Once granted, a patent is valid for 20 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.
How many directors do I need to start a company?
A minimum number of one (1) adult director is required to form a company.
Will my trademark registration in Nigeria protect me worldwide?
No, all intellectual property (IP) rights which includes trademarks are territorial, which means you are protected in the countries in which you register them.
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