3 CHECKLISTS BUSINESSES MUST CONSIDER TO ATTRACT INVESTORS

Few months ago, our firm was engaged by a client in the UK to conduct due diligence on a startup in Nigeria. The latter was considering investing in it. Here are a few lessons from my experience I believe startup founders and investors should consider when raising funds from investors; 1. Make it easy for…

0May 20, 2011May 20, 2011

THE NIGERIA STARTUP BILL 2021 – EVERYTHING YOU NEED TO KNOW

On the 27th of July 2022, the Nigeria Startup Bill (NSB) passed its third reading at the House of Representatives. Following this development, the Bill has completed its law making phase at the National Assembly. The Bill currently awaits the Assent of the President to be signed into Law. This is no doubt a promising…

0May 20, 2011May 20, 2011

MISTAKES NON-RESIDENTS MAKE WHEN REGISTERING A COMPANY IN THE US

If you own a business in Nigeria and wish to expand your market base across the world without migrating to another country, the easiest and most effective way of doing so is to set up a company in the country in which your target market is located. For most startups and companies, the United States…

0May 20, 2011May 20, 2011
www.lexpraxisng.com

WHY REGULATORY COMPLIANCE IS IMPORTANT FOR YOUR BUSINESS

Recently, Ping Express, a Texas-based company has been in the news over its failure to maintain an effective anti-money laundering programme. In addition, it was discovered that the company had conducted money transfer services in about 5 States in the United States where it wasn’t licensed. As a result, both the CEO of Ping Express…

0May 20, 2011May 20, 2011

HOW TO PROTECT THE RIGHT TO YOUR SOURCE CODE FROM DEVELOPERS

So you want to create a software product that serves as a core revenue stream for your business and you have no idea about software programming or the technical aspects to creating the product in question. You’re faced with 2 options; a) Lookout for someone with the technical skills required to build the product and…

0May 20, 2011May 20, 2011

DOING BUSINESS IN THE US: ACCESSING INTERNATIONAL FUNDING OPPURTUNITIES (WEBINAR INVITATION)

Are you an early stage startup founder looking to raise money in the United States? Do you own a business and you are looking to access the American market? Then this is for you! The United States no doubt plays host to a large and diverse market base. According to the National Venture Capital Association…

0May 20, 2011May 20, 2011

SOCIAL MEDIA REGULATION IN NIGERIA – NITDA’S PROPOSED CODE OF PRACTICE FOR INTERACTIVE COMPUTER SERVICE PLATFORMS/INTERNET INTERMEDIARIES

  Having recognized the relevance of information technology as a critical infrastructure in society which must be safeguarded, regulated, and protected against online harm, the National Information Technology Development Agency (NITDA), on the 13th day of June 2022, announced the release of a Draft code of practice for interactive computer service platforms/Internet Intermediaries.   SCOPE…

0May 20, 2011May 20, 2011

WHEN TO USE A NON-DISCLOSURE AGREEMENT

Introduction Ever heard the saying ‘three may keep a secret if two of them are dead’? I believe that if you want to keep information secret, it’s best not to share it with anyone because once you disclose it to someone, it’s no longer secret. I’m sure this resonates with you as well? However, there…

0May 20, 2011May 20, 2011

WHEN SHOULD I USE A NON-DISCLOSURE AGREEMENT?

Introduction Ever heard the saying ‘three may keep a secret if two of them are dead’? I believe that if you want to keep information secret, it’s best not to share it with anyone because once you disclose it to someone, it’s no longer secret. I’m sure this resonates with you as well? However, there…

0May 20, 2011May 20, 2011
How to protect your company from deadweight co-founders

HOW TO PROTECT YOUR COMPANY FROM DEAD WEIGHT CO-FOUNDERS

Are you about starting a company with a co-founder and you have concerns such as; 1. What if my co-founder doesn’t pull his/her weight and I need to find another co-founder? 2. What if I realize in the future that my co-founder isn’t the person I thought he/she was when I started the business? 3….

0May 20, 2011May 20, 2011