Can a minor be a Proprietor?

Can a minor be a Proprietor?

February 19, 2020

A proprietor is the Legal name for a person who owns a business Name that is duly registered with the Corporate Affairs Commission.

A minor is a person who is under the age of eighteen (18).  A minor can be a proprietor in a registered business individually or in partnership with another adult, provided that in registering the business name, he/shegets an attestation from a magistrate, legal practitioner, or a police officer of or above the rank of Assistant Superintendent of Police. See section 574(6) ofthe Companies and Allied Matters Act, 2004.

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Frequently Asked

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 

  • 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 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

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    Nothing, the purchased form will be in your account for future use.

     

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    Data protection is a legal process of protecting sensitive data.

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    The nature of copyright is territorial, so the copyright work is only protected in the country of registration

  • 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

  • How many directors do I need to start a company?

    A minimum number of one (1) adult director is required to form a company.

  • 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.

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