For several reasons, the State of Delaware seems to be the State of choice for African startups. This does not however mean that there are no benefits that come with setting up your company in other States in the US, particularly as a non-US resident. In our previous article, we considered another State in the…
If you’ve gotten your company registered in the US, congratulations are in order. However, while having your company registered in the US is one thing, maintaining the registered status of same is another. In this article, we’ll be sharing a few important tips we believe will help you with maintaining the good standing of your…
If you are a non-US resident and you registered an LLC (Limited Liability Company) in Delaware, you’ve probably heard about Delaware Franchise Taxes. If you have questions about the when, what, and how of filing Franchise tax returns for your LLC in the State of Delaware, this article is dedicated to answering your questions particularly…
For over 30 years, the old Copyright Act has governed the protection and administration of musical, literary, and artistic work in Nigeria. The Copyright Act, of 1992 was not without its shortcomings which stakeholders continued to observe with the passage of time. However, on the 17th day of March 2023, the President of the Federal…
Have you tried carrying out registration of your business with the Corporate Affairs Commission only to discover that your name or the name of another has been wrongly spelt on your business registration documents? If the scenario painted above fits your current situation, there is no cause for alarm as it is possible to have…
If you are a foreigner or a foreign entity looking to set up a business in Nigeria or you are a Nigerian who owns a business and is about to receive funds or equipment from foreigners as a form of investment into your business, you are very likely to be required to obtain a Certificate…
I recently received an inquiry about obtaining a Tax Clearance Certificate and the question reads thus; “… I don’t know if a newly registered business can be given a tax clearance certificate. In summary, I want a tax clearance certificate, but there doesn’t seem to be a way for me to get one…” Upon receiving…
Are, you considering registering a company limited by guarantee in Nigeria? You’ve probably heard about it, but not sure what it entails. This article will consider everything you need to know about registering a company limited by guarantee in line with the latest law governing companies in Nigeria which is the Companies and Allied Matters…
Money laundering and financing of terrorism have been a concern for financial institutions, government organizations, policymakers, and businesses globally. In the bid to identify, monitor and put a stop to criminal activities from abusing the financial system and reduce the negative effects of criminal activities on the economy, many countries in the world (including Nigeria),…
One of the many benefits of the infiltration of technology into the finance sector in Nigeria is the ease and availability of options in carrying out financial transactions. Technological innovation within the sector has in addition brought about job creation opportunities for individuals and small businesses one of which is agency banking services. In this…