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 secretary of every company can be changed from time to time if the company so desire. According to the Companies and Allied Matters Act (CAMA) 2020, a private company can elect not to have a secretary....
After incorporation of a business, the proprietor or proprietors of the business can decide to close the business name on reasonable grounds or upon the death of a proprietor, the Legal representative can...
To upgrade your business Name to a Limited liability company, you must first apply for the consent to upgrade your business Name from the Registrar of the Corporate Affairs Commission (CAC). If it is denied,...
MEMART is the abbreviation for the company incorporation document known as Memorandum and Articles of Association, which is the part of your incorporation documents that reflects the structures, governance,...
Before any company can be incorporated it is required by the law to have an authorised share capital which is divided among the members according to their contribution in the company. These shares can either...
Do you have plans to start a new business this year or you already started one this January? Whatever your plans are, I am sure you are excited about your business idea. As you put plans in place to begin...
The year 2020 has been tough for businesses the world over and while working procedures and processes may have changed or become adjusted to accommodate these challenges, statutory filings and compliance for...
Entrepreneurs cannot succeed in business completely on their own that is why they need to leverage the talent, expertise, and skills of the experts in this area as opposed to resorting to DIY. Businesses...
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...
It’s no news that the Coronavirus along with severe health and humanitarian issues caused enormous challenges for businesses the world over. The challenges range from the collapse of customer demand,...
The procedure for changing a proprietors Signature on a Business Name Registration Form is as follows: Prepare an Affidavit stating why the proprietor intends to change his/her signature. This Affidavit must...
The procedure necessary to effect the change of a proprietor’s name on a Business Name Form is as follows; Prepare a duly completed application form for the change of name. Attach the Affidavit in support of...
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