Blog

What is a resident permit/ when do I need one in Nigeria?

April 11, 2019 Read

Which people make up the members of a company?

April 11, 2019 Read

Registration of patent: what are the benefits?

April 11, 2019 Read

What is share capital?

April 11, 2019 Read

Who makes up a company’s board?

March 26, 2019 Read

What is the difference between a company limited by guarantee and an incorporated trustee? 

April 01, 2019 Read

Who can be a trustee of a Non-Profit Organisation?

March 25, 2019 Read

What is a certificate of Good standing?

March 25, 2019 Read

Do I need a permit to advertise in Lagos?

April 01, 2019 Read

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

March 25, 2019 Read

Do I need a permit to advertise or use a signage in Lagos?

April 01, 2019 Read

Is a Partnership Agreement different from a Shareholders Agreement?

April 01, 2019 Read

Does using a Notary Public or a Commissioner for Oath serve the same purpose?

March 25, 2019 Read

Conversion of your Unlimited Company to A limited Liability Company in Nigeria

March 26, 2019 Read

Can a company buy its own shares?

March 26, 2019 Read

Forfeiture of shares based on refusal of members to respond to call on shares

March 26, 2019 Read

Call on and payment for shares

March 26, 2019 Read

Issue of shares at a discount

March 26, 2019 Read

Does my company need a SCUML certificate?

April 01, 2019 Read

How to change my company from a public company to a private company in Nigeria

March 26, 2019 Read

Can I convert my shares into stock?

March 26, 2019 Read

Does payment for shares have to be in cash?

March 26, 2019 Read

Issuing company shares at a premium

April 01, 2019 Read

How do companies allot shares?

March 26, 2019 Read

Can I change my company from a private company to a public company? (LTD/LLC – PLC)

November 22, 2018 Read

Why we are supporting young female entrepreneurs

October 24, 2018 Read

What is a MEMART (Memorandum and Articles of Association)?

March 26, 2019 Read

Who is a promoter?

March 26, 2019 Read

How to obtain Money Lenders License in Lagos state

April 01, 2019 Read

Trademark validity and renewal

March 26, 2019 Read

Can I register my trademark in multiple classes?

March 26, 2019 Read

How to record a trademark assignment at the Registry

March 26, 2019 Read

How to assign a trademark

March 26, 2019 Read

Can I assign my trademark to another person/business?

April 01, 2019 Read

How long do i have my trademark for?

April 01, 2019 Read

Certificate of good standing

October 19, 2018 Read

Must my company secretary be a lawyer?

April 01, 2019 Read

Who is a shareholder?

October 19, 2018 Read

What is a shareholder’s agreement?

October 19, 2018 Read

Articles of Association of a company

October 19, 2018 Read

CAC and 618 Bees offers discount on Business Name registration!!!

October 19, 2018 Read

90 days discount on Business Name registration!!!!

October 19, 2018 Read

What is a restricted name?

October 19, 2018 Read

How to form a group company.

October 19, 2018 Read

Can I use the word “holding” in my company name?

October 19, 2018 Read

Why are companies delisted?

October 19, 2018 Read

What is a prohibited name?

October 19, 2018 Read

How can i recover my lost certificate of incorporation from the Corporate Affairs Commission(CAC)?

October 19, 2018 Read

How can i reduce the share capital of my company?

April 01, 2019 Read

How can i get my foreign company to operate in Nigeria without registering it?

October 19, 2018 Read

Who is a trustee?

October 19, 2018 Read

What is a certificate of incorporation?

October 19, 2018 Read

Do incorporated trustees need to file Annual Returns?  

October 19, 2018 Read

How to dissolve a foundation in Nigeria

October 19, 2018 Read

Do foreign companies need to file Annual Reports?

October 19, 2018 Read

Who owns your website?

March 26, 2019 Read

How do I remove or add a Proprietor to my Business Name?

March 26, 2019 Read

How to register an NGO/Foundation in Nigeria

October 19, 2018 Read

How do i amend the constitution of my NGO/Foundation?

October 19, 2018 Read

Types of company registration in Nigeria

March 25, 2019 Read

Differences between Copyright and Trademark

March 25, 2019 Read

Differences and similarities between a company limited by guarantee and a Non-Governmental organisation

March 25, 2019 Read

How is a company limited by guarantee?

March 25, 2019 Read

Types of company registration in Nigeria.

March 25, 2019 Read

How to appoint or remove a Company Secretary.

March 25, 2019 Read

ARE DIRECTORS PAID SALARIES?

September 24, 2018 Read

ROTATION OF DIRECTORS

September 24, 2018 Read

What is the age requirement for a director in Nigeria?

April 01, 2019 Read

VOTING ON RESOLUTIONS AT COMPANY MEETINGS

September 24, 2018 Read

DIFFERENCES BETWEEN A LIMITED LIABILITY COMPANY AND A PARTNERSHIP

September 24, 2018 Read

WHO OWNS YOUR WEBSITE?

September 24, 2018 Read

PARTNERSHIP VS. SOLE PROPRIETORSHIP

September 21, 2018 Read

Duties of a Company Secretary

March 25, 2019 Read

PROCEEDINGS OF DIRECTORS

September 19, 2018 Read

What are resolutions?

September 18, 2018 Read

WHAT IS A BOARD MEETING?

September 18, 2018 Read

What is a general meeting?

September 18, 2018 Read

WHAT IS A NOTICE OF MEETING

September 18, 2018 Read

HOW TO CHANGE DIRECTORS OF A COMPANY

September 13, 2018 Read

DUTIES OF A DIRECTOR

September 13, 2018 Read

EXTRAORDINARY GENERAL MEETING (EGM)

September 12, 2018 Read

DETERMINING QUORUM FOR COMPANY MEETINGS

September 12, 2018 Read

WHAT IS QUORUM?

September 12, 2018 Read

REMOVAL OF DIRECTORS

September 12, 2018 Read

APPOINTMENT OF DIRECTORS

September 11, 2018 Read

WHO IS A DIRECTOR?

September 11, 2018 Read

Transmission of shares

October 19, 2018 Read

How to transfer Shares in a company

September 11, 2018 Read

8 steps on getting your business registered

September 11, 2018 Read

What is a power of Attorney?

October 19, 2018 Read

Take the leap! ( To become an entrepreneur)

October 19, 2018 Read

Contents of a partnership agreement

October 19, 2018 Read

How to register a partnership in Nigeria

October 19, 2018 Read

Contents of a company’s Financial Statement

October 19, 2018 Read

CAN MY CHILD BE A SHAREHOLDER IN MY COMPANY?

September 09, 2018 Read

HOW DO I REGISTER MY PRODUCT WITH THE STANDARDS ORGANIZATION OF NIGERIA (SON)?

September 09, 2018 Read

HOW DO I REGISTER MY LOCALLY PRODUCED FOOD/DRINK WITH NAFDAC

September 09, 2018 Read

HOW TO REGISTER FOREIGN PRODUCED CONSUMABLE PRODUCTS IN NIGERIA

September 09, 2018 Read

Can a child be a director of a company?

September 07, 2018 Read

8 TIPS THAT CAN HELP YOU GET YOUR BUSINESS NAME APPROVED BY THE CORPORATE AFFAIRS COMMISSION (CAC)

September 06, 2018 Read

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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. 

  • What are the penalties for not registering my products with the SON?
      1. Seizure of goods by the Inspectorate and Compliance Directorate
      2. Payment of a fine.
      3. Prosecution

     

  • 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.

  • 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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