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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The constitution of a foundation is a document stating the following; (a) The name or title of the association which shall not conflict with that of a company, or with a business name or trademark registered...
This write up is to help you understand the different types of companies in Nigeria as it states the basic features of each type of company registrable in Nigeria. ENTERPRISE OR BUSINESS NAME: This type of...
Copyright protection is an automatic right that is accruable to a person or group of persons whose work is original and is in a fixed or tangible state. Under the Nigerian law, works do not need to be...
There are similarities between a company limited by guarantee and a non- governmental organization, but these similarities do not make them the same. This article intends to highlight the similarities and...
A company limited by guarantee is a company which does not have any shares or shareholders but is owned by guarantors who agree to pay a certain amount of money for company debts and the operation of the...
This write up is to help you understand the different types of companies in Nigeria as it states the basic features of each type of company registrable in Nigeria. BUSINESS NAME OR SOLE PROPRIETORSHIP: This...
A secretary shall be appointed and removed by the directors. Where it is intended to remove the secretary of a public company, the board of directors shall; Give him/her notice‐ (a) stating that it is...
Directors are either paid salaries or remuneration, depending on whether the director is an executive or a non-executive director, to know the difference, refer to the post on directors-...
Rotation is a means of retiring directors in a company. According to the Companies and Allied Matters Act (CAMA), all the directors shall retire at the first Annual General Meeting of the company, and at...
hT The minimum age for a director is 18 years, as a minor cannot be a director in Nigeria unless two adults are existing directors in that company. The age limit for a proposed or an already existing...
Where a resolution has been put to vote at a general meeting, voting is usually by a show of hands unless poll is demanded by members that are entitled to demand same. What is poll voting? Where voting is by...
LIMITED LIABILITY COMPANY PARTNERSHIP 1. A limited liability company can be formed by one person and have up to 50 members. A partnership must be formed by at least 2 persons and membership cannot exceed 20,...
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