What is a living Trust?
A Trust is a tripartite relationship between three parties, where one party gives rights over his assets to another party for the benefit of a third party. There are several types of Trusts which include a...
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What does the term “Limited Liability” mean?
At incorporation, it is required that every company be registered either as a private company or public company. Where a company is registered as a private company Limited by shares, the members of the...
How About a Retainership with 618 Bees in the New-year?
We know you’re a busy entrepreneur with big plans. Legal services are probably the last thing owners of small- to medium-sized businesses want to think about. A common misconception is that investing in...
Action items for your business as 2019 comes to an end
Annual Returns Filing for Business Names, Companies and Non-profit Organisations 618 Bees provides this service as at when due or it can be subscribed for ahead of time. Annual Returns is a comprehensive...
End 2019 in Good Legal Standing
Businesses in Nigeria that operate as both Business Names and Limited Liability companies are subject to internal and external compliance requirements. It’s important to set some time aside this year end to...
What is a Will?
A willor testamentis a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed when they die. It states expressly the names of the persons who...
What are the CAC requirements for the registration a logistics business?
Generally, the requirements for registering a logistics business are that it must be registered as a company having atleast a million share capital structures. However, there are stringent requirements with...
What is the benefit of writing a will?
One of the major reasons for a will is that the wishes of the testator is carried out upon his demise. A will been a testamentary document made during the life time of the testator, voices the mindset of the...
What is a Letter of Good Standing?
A Letter of good standing is a letter issued by a proper authority in a jurisdiction to verify that a corporation actually exists, has paid all its statutory dues, has met all filing requirements and...
What is a service Level agreement?
A service level agreement is a contract between a service provider and its client or customer on the standard of services to be provided by the service provider. An example in which a service Level agreement...
What are the services provided by a Finance Company in Nigeria?
A finance companyis a specialised financial institution that supplies credit for the purchase of consumer goods and services by granting small loans directly to consumers. The Central Bank of Nigeria (CBN)...
What is an employment contract?
An EmploymentContractis a legal document that outlines the terms of employmentbetween an employer and an employee. It is signed between an employee and an employer and It establishes both the rights and...
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