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....
The Name of a company can be changed if so desired by the members of the company. The following are steps to change the name of a company; A resolution must be passed by the members of the company that the...
To change the address of your business name or limited liability company, your business should have filed up to date Annual Returns with the corporate Affairs Commission (CAC). A company would during a...
Annual Returns Filing for Business Names, Companies and Non-profit Organizations 618 Bees provides this service as at when due or it can be subscribed for ahead of time. Annual Returns is a comprehensive...
The closing of a company in Nigeria is called winding up and it can be done voluntarily by court order or by supervision of the court. The procedure for winding up is done at the Federal High court where the...
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...
Co-operative societies in Lagos State are overseen by the State Ministry of commerce, Trade and Co-operative and its registration is based on the location of the proposed co-operative society. The...
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...
The procedure for share transfers includes; Prepare an instrument of Transfer. The instrument of Transfer must be signed by the transferor and the transferee or on their behalf. The instrument of Transfer...
Business succession planning is a series of logistical and financial decisions about who will take over your business upon retirement, death, or disability. One of the biggest challenges you will face as a...
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