It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly.
What’s the difference between a business name and an LLC?
A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.
A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued.
Why is mutual assent important in a contract?
This is one of the key elements of a contract because is shows the meeting of the minds of both parties
What are the product categories available when registering with NAFDAC?
The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water
Is it legal to transfer the personal data you obtained legally to another person?
No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
How long does a trademark registration in Nigeria Last?
Trademark is valid for seven years from the date of application but you may renew the application for the trademark for an additional period of 14years.
What are the product categories available when registering with NAFDAC?
The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water
Why do i need a Shareholders Agreement?
You need a Shareholders Agreement to protect your investment in a company. The shareholders Agreement establishes a fair relationship between all shareholders and sets out how the company is run.
Does a trademark search automatically reserve my trademark name?
No, a trademark search does not automatically reserve that which is sought to be trademarked. A search ascertains whether that which is sought to be trademarked is available or violates any existing trademark.