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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Where there are two or more proprietors registered as joint owners of a Business Name and one of them dies, the following steps will be required at the Corporate Affairs Commission (CAC) to ensure the...
CEO is an abbreviation for Chief Executive Officer of a company and it can be used interchangeably with Managing Director, Executive director and President. A CEO is the person in charge of managing the...
As defined by the Companies and Allied Matters Act (CAMA), directors are persons that are duly appointed by the company to direct and manage the business of the company. The CAMA also made provisions on the...
According to the Companies and Allied Matter Act (CAMA), every charge must be registered within 90 days of the creation of a such charge. However, when a charge is not registered within 90 days after its...
A Debenture Trust Deed is a document created by a company as security that is issued by the company to protect the interest of a denture holder, where trustees are appointed. In order to raise funds from the...
There is no difference between a Shareholder agreement and a Partnership Agreement. The two can be used interchangeably. Both a Partnership Agreement and a Shareholders Agreement are agreements entered into...
Yes, they serve the same purpose. It is required that some legal documents get the authentication of either a Notary Public or a commissioner for oaths. Although the authentication by a Notary Public or...
Yes, you can. First, we will differentiate a private company from a public company. A limited liability company, also referred to as a private company limited by shares is restricted from offering its shares...
A Certificate of Good Standing, also called a “Certificate of Existence” or “Certificate of Authorization,” is a state-issued document that shows that your company has been duly incorporated, is authorized...
A shareholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation. Shareholders may be referred to as members of a...
If you are going into business with others and are looking to properly secure your investment on laid down terms and conditions, then its advisable you consider putting a shareholders’ agreement in place to...
The use of the word ‘Group’ in the name of a company is restricted by the law and as such, consent must be sought and obtained from the Registrar-General of the Corporate Affairs Commission (CAC) before the...
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