LEGAL ARTICLES
HOW TO SET A SOLID LEGAL FOUNDATION FOR YOUR BUSINESS
Countless times, I have seen business owners co-founding a business with their family members, friends, or religious associates without clearly defining the legal rights and obligations of co-founders and stakeholders at the early stage. A friend once told me that he...
HOW TO LEGALLY STRUCTURE YOUR BUSINESS FOR MAXIMUM PROFIT
How to legally structure your business for maximum profit and reduced liability.
Can my 10 year old be a director in my company?
A prospective client just called to ask me if his 10 year old can be a director in his company. Let’s get this clearly; before one can be appointed as a director of a Nigerian, he/she must be according to the Companies and Allied Matter Act {CAMA} eligible for the...
Be wise, don’t share trade secretes without a Non Disclosure Agreement
Dear business owner, as you know, We don’t want your brand to be vulnerable, it’s therefore important to protect your brand from copycats and unnecessary litigation. A Non Disclosure Agreement will save you from the headache that comes with sharing your trade secrets,...
Partnership or sinking-ship?
Yesterday, I wrote about the ten commandments of business partnerships. Consequently, I've been getting feedbacks from the post. Let me state this clearly, if your business partner is afraid or does not agree with the ten commandments of business partnerships, it's...
Ten commandments of business partnerships
A business partnership is a legal form of business operation where two or more partners jointly carry on a business with the aim of making profit. Business partnership is good; however you must note that where two or more people are involved in a business, it is...
Why your business needs a legal advisor?
After much planning, you decide to start up your business; you’ve gotten a reasonable amount of money for startup. Your clientele is to a reasonable extent good enough and you are confident that you have done your research about what it entails to start and run a...