End 2019 in Good Legal Standing

End 2019 in Good Legal Standing

December 19, 2019

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 examine the status of your business and ensure you are in good standing with the law.

The end of the year is the perfect time to get compliant and end the year in good legal standing whether its setting up a new business to commence operations in the new year, upgrading a Business Name to a company, registering your intellectual property rights for your business or making sure your compliance filings are all up to date. As you take time reflecting on the work done in 2019 while also making business plans for the new year, www.618bees.comcan do all the leg work for you in the below listed areas:

  • Company Incorporation services
  • Business Licenses & Permits
  • Annual Returns Filings and Compliance services
  • Amendments, Modifications & Name Changes
  • Name Checks & Reservations
  • Trademark Search and Filings
  • Copyright Filings
  • Patent and Design Filings
  • Corporate Amendments
  • Corporate Searches
  • Land/Property Searches
  • Certificates of Good Standing
  • Corporate and Personal Income Tax
  • Bookkeeping and Payroll services
  • Corporate Kits & Supplies
  • Customized Bylaws & Resolutions
  • SON Registration
  • NAFDAC Registration
  • Annual Meeting Minutes
  • Contracts and Agreements Review
  • Contracts and Agreements Drafting
  • Acquisitions/Mergers
  • Dissolution/Winding Up/Cessation of Business
  • Pioneer Status Application (Tax Exemption)
  • …………all services provided in all 36 States and the FCT!

We hope you find this information helpful. Feel free to reach out to us via our dedicated Call Center lines; +2349017190079 (WhatsApp available) or 01-2803791 or by email via hello@618bees.com. We look forward to assisting you with all of your business filings and year-end compliance filings.

Let’s close out 2019 strong and make sure you and your clients are set up for success in 2020!

 

Team 618 Bees

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached.

 

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Frequently Asked

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.
  • 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. 
  • What are the terms of a contract?
    • an offer and an acceptance.
    • competent parties
    • Consideration
    • Legal subject matter
    • Mutual agreement/ Assent
    • Conesus ad idem
    • Obligation
  • What is SON?

    SON stands for ‘Standards Organization of Nigeria’
  • What is personal data?

    This is any information that can be used to identify an identifiable human person such passport photograph.
  • Does Trademark registration protect my website domain name?

    Yes, it does.
  • Do I have to physically drop off my product sample at NAFDAC office?

    No, you can choose to have it sent to NAFDAC office
  • What is the first thing I must do to register a business in Nigeria?

    To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.
  • Why do I need a trademark?

    You need to register your trademark because if you don’t register it, someone else can! It helps identify you as the source and indicates a consistent level of quality of your products and services. Securing a registered trademark protects your brand, and provides you with tools to prevent someone else from using similar signs and riding off the back of your business.
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