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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To operate a foreign company in Nigeria without registering, you need to apply to the President for exemption from registration. Note that a foreign company qualifies for an exemption if the foreign company...
A certificate of incorporation is certificate given by the corporate affairs commission and signed by the Registrar of the commission, signifying the recognition of a particular business entity or...
In todays business world, having a website for your business is now regarded as a basic requirement and it is even more necessary when most of your business is done online. A website can serve as a great...
In Nigeria, a foundation, also known as a Non-Governmental organization is registrable as an Incorporated Trustee under the Companies and Allied Matters Act (CAMA). The following is the procedure for...
This write up is to help you understand the different types of companies in Nigeria as it states the basic features of each type of company registrable in Nigeria. ENTERPRISE OR BUSINESS NAME: This type of...
There are similarities between a company limited by guarantee and a non- governmental organization, but these similarities do not make them the same. This article intends to highlight the similarities and...
A company limited by guarantee is a company which does not have any shares or shareholders but is owned by guarantors who agree to pay a certain amount of money for company debts and the operation of the...
This write up is to help you understand the different types of companies in Nigeria as it states the basic features of each type of company registrable in Nigeria. BUSINESS NAME OR SOLE PROPRIETORSHIP: This...
A secretary shall be appointed and removed by the directors. Where it is intended to remove the secretary of a public company, the board of directors shall; Give him/her notice‐ (a) stating that it is...
hT The minimum age for a director is 18 years, as a minor cannot be a director in Nigeria unless two adults are existing directors in that company. The age limit for a proposed or an already existing...
LIMITED LIABILITY COMPANY PARTNERSHIP 1. A limited liability company can be formed by one person and have up to 50 members. A partnership must be formed by at least 2 persons and membership cannot exceed 20,...
A sole proprietorship, as the name implies, is when one person forms and single handedly operates a business, while a partnership is formed and operated by at least 2 people. DIFFERENCES BETWEEN SOLE...
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