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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A Company Limited by Guarantee means a private company that does not have shareholders or share capital. It has members called guarantors that undertake to contribute should the company need it. It cannot...
A confidentially clause just like the word confidentially implies, is the section of a legal agreement that prohibits a party from disclosing important information such as trade secret that they might become...
A trustexists where a person called a trustee is given the right by a person (Trustor) to hold title to a property for another person who is known as a beneficiary. A trust is a legal way to hold and protect...
A trust is an arrangement where a person’s gives another party the legal right to manage his/her assets for the benefit of another person. A trust can be a property, a bond, mutual funds or even stock. To...
For a finance company to be registered in Nigeria, an application must first be made in writing to the Central Bank of Nigeria (CBN) with the following details; An application fee in a draft of N100, 000(one...
A Trust is a tripartite relationship between three parties, where one party gives rights over his assets to another party for the benefit of a third party. There are several types of Trusts which include a...
At incorporation, it is required that every company be registered either as a private company or public company. Where a company is registered as a private company Limited by shares, the members of the...
We know you’re a busy entrepreneur with big plans. Legal services are probably the last thing owners of small- to medium-sized businesses want to think about. A common misconception is that investing in...
Annual Returns Filing for Business Names, Companies and Non-profit Organisations 618 Bees provides this service as at when due or it can be subscribed for ahead of time. Annual Returns is a comprehensive...
Businesses in Nigeria that operate as both Business Names and Limited Liability companies are subject to internal and external compliance requirements. It’s important to set some time aside this year end to...
A willor testamentis a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed when they die. It states expressly the names of the persons who...
Generally, the requirements for registering a logistics business are that it must be registered as a company having atleast a million share capital structures. However, there are stringent requirements with...
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