The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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A Company limited by guarantee is a company registered solely for promoting an objective and these kinds of companies are not profit based. Whatever money the company makes is used for the promotion of its...
What does it mean to incorporate a business? It simply means a business has completed the process of becoming a corporation, as recognized by law. Incorporationprovides the owners with many advantages, and I...
A limited partnership is a partnership arrangement between one or more partners called the general partners who shall be responsible for the obligations and management of the partnership and one or more...
The business type known as a Limited Liability partnership (LLP) was introduced in SEC 753 OF THE COMPANIES AND ALLIED MATTERS ACT (CAMA) CAP C20 LFN 2020. The registration of a Limited Liberty partnership...
Legal support services help small business owners achieve their goals with expert advice and skilled representation. It is best to have law support on your team before problems arise so your business is...
The CEO title is one of the most commonly used in the business space and many times used without a proper understanding of the role and the responsibilities it carries. We have set out to define what it...
According to the World Bank as stated in the Nigeria Development Update (NDU), the collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic...
There is this anonymous saying that states that “The average millionaire has 7 sources of income”. Now more than ever before I believe this and my belief in this is hinged on the fact that this year, 2020...
A proprietor is the Legal name for a person who owns a business Name that is duly registered with the Corporate Affairs Commission. A minor is a person who is under the age of eighteen (18). A minor can be a...
The answer is NO. A BusinessNameis not considered as a companyunder Nigerian Law. A business name is incorporated under PART B while a company is incorporated under PART A of the Companies and Allied Matters...
Yes a foreigner can be a director in a Nigerian Company. Although there is no express provision for this in the Companies and Allied Matters Act 2004, the law also doesnot preclude a foreigner from being a...
A Company Limited by Guarantee means a private company that does not have shareholders or share capital. It has members called guarantors that undertake to contribute should the company need it. It cannot...
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