One of the ways startups raise funds is through venture capital firms (VCs). A venture capital firm provides some form of private equity financing to start-ups and emerging companies with high growth potential or who have demonstrated high growth over a period of time. Funds provided by VCs, are raised from a combination of financial…
Read More : HOW TO START A VENTURE CAPITAL FIRM IN NIGERIAINTRODUCTION Have you been in business for a while and you are overwhelmed at the thought of resolving frequent legal concerns that arise from your business such as; Tax harassment Having to deal with employees who leave your business without prior notice or who leave your business to set up businesses similar…
Read More : BENEFITS OF HAVING A BUSINESS LAWYER OR LAW FIRM ON RETAINER FOR YOUR BUSINESSIf you own or are a member of a Non-Governmental Organisation (NGO) or an Association in Nigeria, such organization or association is classified by the Companies and Allied Matters Act 2020 as an “Incorporated Trustee”. Incorporated Trustees are defined by our laws as a non-business and non-profit making organizations. It is an association of persons…
Read More : HOW TO REMOVE A TRUSTEE/MEMBER OF AN NGO OR ASSOCIATION IN NIGERIAWith the increased abuse of the right to privacy of consumers as well as illegal means applied by some digital money lenders in harassing their debtors, the Federal Competition and Consumer Protection Commission (FCCPC) in its attempt at regulating the digital lending space, has in its framework made the registration of digital lending businesses/companies, a…
Read More : HOW TO REGISTER A DIGITAL LENDING COMPANY WITH THE FCCPCIf you are making plans to set up a business in the United States, without necessarily living there, one of the important decisions you need to make is; which State in the US is best to register your company as a foreigner? The United States is made up of about 50 states, and that is…
Read More : WHICH STATE IN THE US IS BEST TO REGISTER A COMPANY AS A FOREIGNERThere’s no doubt, that a lot of business owners in Nigeria are beginning to appreciate the need to have their businesses registered with the Corporate Affairs Commission. But just in case you are one of the few who are still skeptical about it, permit me to highlight what you are obviously missing out on; If…
Read More : WHAT IS THE DIFFERENCE BETWEEN A COMPANY AND A BUSINESS NAMEWhen we refer to business organizations, we mean entities established for the purpose of carrying out commercial activities with the aim of making a profit. If you are considering setting up a business in Nigeria either as a foreigner or a citizen, it is important that you are aware of the types of business organizations/entities…
Read More : TYPES OF BUSINESS ENTITIES IN NIGERIAImagine you have plans to set up a business in Nigeria. You’ve been told there are different types or structures of businesses in Nigeria such as; Business name Limited Partnership Limited Liability Partnership Private Company Limited by shares Company Limited by Guarantee Public Company Unlimited Company Having considered the various types of entities, you opt…
Read More : WHY IS A SHAREHOLDER’S AGREEMENT IMPORTANT?On Wednesday, November 23rd, 2022, the Central Bank of Nigeria released additional requirements for licensing of banks and other financial institutions. The updated guideline is meant to be read in addition to existing regulatory requirements with respect to Anti Money Laundering (AML), Combatting and Financing of Anti-Terrorism (CFA), and Countering Proliferation Financing (CPF). The reason…
Read More : NEW CBN GUIDELINE FOR COMBATING MONEY LAUNDERING FOR BANKS AND OTHER FINANCIAL INSTITUTIONSIf you are a foreigner, and you wish to buy a property in Nigeria or you are an owner/promoter of a foreign-owned company and the company is looking to buy a property in Nigeria, this article is for you. WHAT THE LAW SAYS ABOUT OWNERSHIP OF LAND IN NIGERIA IN GENERAL The Land Use Act…
Read More : HOW TO BUY PROPERTY IN NIGERIA AS A FOREIGNER
