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 30 of the companies and Allied matters Act cap C20 Laws of the Federation of Nigeria 2004 (CAMA) clearly states the names that require the consent of the Corporate Affairs Commission (CAC) before...
The answer is No. A company is entirely different from a business name in the sense that a business name when incorporated has the backing of law however the owners of the business and the business itself...
A shareholders’ agreement, also called a stockholders’ agreement, is an arrangement among a company’s shareholders that describes how the company should be operated and outlines shareholders’ rights and...
If the above question has troubled you… then be troubled no more because A big YES is the answer. You can totally trademark your business name. However for some people who might not know what a trademark is...
A companyseal(sometimes referred to as the corporate sealor common seal) is an official sealused by a company. It is a stampor embossed emblemthat represents the companyand its legalname. It is significant...
The stipulation for registration of a company is that it must be registered with shares. The Corporate affairs Commission (CAC) is strict in its adherence to this rule. A private company limited by shares...
Anyone can decide one day to start operating a business. All that the person needs to do is provide a product or service to another person in exchange for money or money’s worth to be “in business.” While...
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...
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...
A memorandum and articles of association are legal documents that state the object of the company, shareholders of the company, the number of shares they subscribed to and the laid down rules in the running...
A promoter is a person who stands in a fiduciary relationship to a company and takes necessary steps such as raising capital, arranging for directors of the company, placing of shares and negotiating...
Generally, your company secretary does not have to be a lawyer. However, where your company is a public company, the Companies and Allied Matters Act stipulates that your company secretary must be a member...
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