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 common question that looms the minds of many is why should I register my patent? In answer to the question we have pinpointed the benefits derived from registration of patent. Here are some stated below; •...
So there is a common question frequently asked as to what share capital really means. Here is a detailed answer to that question. Share capital consists of all funds raised by a company in exchange for...
A company’s board is made up of a group of individuals known as directors that are selected by the shareholders to be in charge of making decisions that affect the company. This is why a company’s board is...
A company limited by guarantee and an incorporated trustee are usually established for the purpose of promoting an objective. The major difference between the two is COMMERCE. Although both a company limited...
A Non-profit Organisation is registered in Nigeria as an incorporated trustee. Basically, the aim for an Incorporated Trustee is not to make profit but for the advancement of sports, education, religious,...
A certificate of good standing is a document that is given to a corporate entity to show that it has met all statutory requirements and it is authorized to do business in that state. It verifies that a...
Yes, a permit is required to advertise in Lagos state. This makes it illegal for a person to erect, construct, enlarge or structurally modify any outdoor structure or signage or advertisement without permit...
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...
Yes, a permit is required to advertise or use a signage in Lagos state. This makes it illegal for a person to erect, construct, enlarge or structurally modify any outdoor structure or signage or...
There is no difference between a Shareholder agreement and a Partnership Agreement. The two can be used interchangeably. Both a Partnership Agreement and a Shareholders Agreement are agreements entered into...
Yes, they serve the same purpose. It is required that some legal documents get the authentication of either a Notary Public or a commissioner for oaths. Although the authentication by a Notary Public or...
Conversion of business type from unlimited to a limited liability company has been possible in Nigeria by virtue of Sec 52 Companies and Allied Matters Act (2004). The possibility of this conversion does not...
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