One of the distinguishing attributes of a company from other types of business entities we have in Nigeria is that every company must have a share capital. However, the number of shares to be attributed to a company, especially during registration, depends largely on various factors one of which is the nature of the business…
A common concern experienced by co-founders, particularly at the early stages of starting a company is that of how to divide equity amongst themselves. If you currently have similar concerns, I can assure you that it’s a valid issue to be addressed between you and your co-founder(s), particularly before the company is formed as it…
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…
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…
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…
Registering a business in Ghana, or any other country in the world requires having such a business registered as a first step. In Ghana, there are various types of business organizations a business owner is required to choose from to have their business registered. We will be considering them below. The agency responsible for carrying…
Perhaps, you’ve come across conversations or posts related to having your company registered in the United States, and you’re probably wondering; “What’s the benefit of having your business registered in the United States while I’m based in Nigeria? If you are a Nigerian-based startup, an online vendor, a freelancer, etc. and this sounds like a…
We recently worked with a client who wanted to set up a digital savings platform in Nigeria. Shortly after offering the client legal advice as regards regulatory requirements for setting up their digital platform, they engaged the services of a developer, who commenced work on developing a mobile app and a website. They however reached…
