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...
INTRODUCTION 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...
If you own a registered company in Nigeria, there may be circumstances in which members of a company may take steps to change the name of the company. Such circumstances could be voluntary or involuntary. Examples of involuntary circumstances are; i. Where the Corporate Affairs Commission directs that the name of the company be substituted...
If you live in Nigeria, you will agree with the fact that the increasing inflation rate and the unstable foreign exchange policy within the country, has created the need for individuals and businesses to explore the possibility of earning in other currencies. Home to individuals with diverse backgrounds, the United States remains a popular country...
Below is a conversation we had with a prospect few hours ago that inspired this blog post. Client : “Hello Barrister” Lawyer: “Hi Mr K” Client: “I’m having difficulties setting up my corporate account at the bank because one of the directors of the company doesn’t live in Nigeria and we are finding it difficult...
INTRODUCTION No doubt, the buying and selling of foreign currency is a booming sector in the Nigerian economy and Bureau de Change (BDC) plays a significant role in the foreign exchange chain. Other players include; The Central Bank – the regulator Corporations Commercial and Investment Banks Internet based trading platforms Online retail brokers Foreign exchange...
As a law firm, a frequent question we receive from our client’s looking to incorporate their company in Nigeria is; “What are the requirements for registering/incorporating my company”. In this article, we would be discussing this in detail. Apart from a company, there are other types of business entities a person can register such as;...
INTRODUCTION Popularly known as Africa’s largest economy, and home to over 200 million people and counting, Nigeria is considered a huge consumer market by global brands. In terms of physical location, Nigeria is strategically located, with easy access to other African countries by air, sea or land. Nigeria has the second largest oil reserve and...
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...
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...
