Where a community of persons, bound together by a common objective such as; customs, religion, kinship, sporting, scientific, religion, education, e.t.c unite to form a corporate body so as to promote their objectives such as those mentioned above, they are registered as incorporated trustees with powers to acquire property, sue and be sued. Some of…
There appears to be a mistaken notion (especially among small business owners) that when it comes to the subject of taxes, an accountant or tax accountants is the only professional to resort to for solutions. No doubt, tax accountants have a significant role to play as it concerns tax preparation on the one hand,…
With the current state of the economy in Nigeria, many persons (including civil/public servants) currently see the need to create an additional means of income for themselves, and in some cases, there is an urgent need to set up structures for such businesses while maintaining their employment as either employees of private organisations or civil…
INTRODUCTION Acquiring landed properties in Nigeria (as well as all over the world) is generally expensive, but with the right security measures put in place, it could become a worthwhile investment. However, over the years, I’ve come across property owners who develop their properties for commercial purposes by putting out such properties on lease or…
Introduction Companies and Allied Matters Act (CAMA) is one of the most important piece of legislation that impacts the Nigerian business and micro, small, and medium scale enterprise. The companies and allied matters Act 1990 was promulgated to repeal the companies Act 1968. The new CAMA 2020 is made up of 870 section compared to…
Mr Akpan is CEO of KAY’S LOGISTICS, a small but fast rising logistics company in Lagos, Nigeria. Through hardwork and consistency, KAY’s LOGISTICS has grown to be a household name for families and entrepreneurs. KAY’S LOGISTICS has a number of high profile clientele across various parts of Nigeria. On 23rd November 2019, Mr Elvis of…
In October 2019, President Muhamadu Buhari presented a Finance Bill to the National Assembly, to amend the various tax laws in Nigeria. The bill was presented with the following objectives; Promote fiscal equity Reform domestic tax laws to align with global best practices Introduce tax incentives for investments in infrastructure and capital markets. Support MSME’s…
Starting and running a business from scratch can be rewarding, but that doesn’t eliminate the risks involved. However, if you are an entrepreneur looking to leverage on existing business brands and models for profit as against creating a new business, running a franchise might be just the right venture for you. WHAT IS A…
I believe that business owners must be proactive in protecting their creative works from competitors. Some of the ways such works could be protected are by trademark and copyright registrations (as the situation provides). Before i address this question, let me define what copyright is. A Copyright is simply an exclusive right granted by law…
If you run a business, you’ll agree with me that location is key to getting customers to do business with you. Whether you opt for a brick and mortar business or an online store, there are legal factors every business owner must take into consideration when doing business on either platform. However, for today’s post,…
