The 7 Important Elements of a Binding Contract in Nigeria
Understanding a binding contract can be a little bit difficult, especially for someone that does not understand the law. Having the knowledge of how a binding contract work gives power to an individual to form a “contracting relationship” with another individual. A “binding contract” is an agreement between two or […]
How To Safeguard your Business from Tax Issues
Learning the rules abiding taxes with regard to running a business can be a big task. This can either go smoothly or lead to making the wrong decisions for your taxes or even worse, simply guessing that you are doing the right thing and staying out of trouble. Well, it […]
The legal responsibilities of starting a business in Nigeria
A lot of people aspire to start their own business. They dream of being a boss and earning their own money. However, making it in today’s commercial market is not easy, it requires planning to get it right. Planning could include, developing a strong business plan, making key financial decisions, […]
What is a Limited Liability company?
What is a Limited Liability company? This type of corporation is where the liability of the shareholders is limited to the quantity of share capital of each shareholder if ever the Company is liquidated. The procedure to register a Limited Liability Company in Nigeria requires the followings The company must […]
How the new CAMA 2020 affects your company
SAME-DAY POST INCORPORATION The Corporate Affairs Commission has made it possible for changes being made to company information to be processed and delivered the same day. Companies can now officially fast-tracked any changes submitted at the commission through their solicitors. For instance, when appointing a new Director, new shareholders, new […]