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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Section 832 of the Companies and Allied Matters Act allows for the change of the name of an incorporated Trustee. A church is registered as an incorporated Trustee under the provisions of the Companies and...
The amendment of the constitution of your Association/Foundation/Non-Profit is done by a resolution passed by a simple majority of the members and approved by the Corporate Affairs Commission (CAC). The...
Non-profit Organisations registered with the Corporate Affairs Commission in Nigeria can only be dissolved by a court of competent jurisdiction. This can be done through a petition. A petition is a formal...
The procedure for dissolving or closing down an incorporated Trustee/Non-profit organization in Nigeria is provided for under section 850 of the Companies and Allied Matter Act 2020 (CAMA). Organizations...
Crowdfunding is when a large number of persons contribute a small amount of money for a project or investment. An Example of crowdfunding is GoFundme. Crowdfunding is a legally acceptable means of raising...
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 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...
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...
On the 7thof August, 2020, the Nigerian President signed into law the new Companies and Allied Matters Act (CAMA). The new law introduces provisions that seeks to establish an efficient means of regulating...
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