LEGAL ARTICLES
READ THIS BEFORE YOU LAUNCH YOUR COMPANY!
Dear Fintech company,Don't even dream of launching out without complying with regulatory requirements. One important thing you should know as a Fintech company is that smooth operations is largely dependent on your ability to comply with extant laws. Some of the...
Have you heard?
Are you a POS operator within the shores of Nigeria? Oh well, now is the time for you to complete the registration of your business with the Corporate Affairs Commission. The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS)...
LEGAL TIPS TO FOLLOW FOR STARTUP LONGEVITY.
Startups are springing up in every corner but have you wondered why many do not last long? It's because they are ignoring the following legal tips; • Registration of business: when venturing into a new business, ensure that you register the name you intend to use or...
A SMART BUSINESS DECISION YOU MUST IMPLEMENT!!!
This world is truly fascinating! Recently, to alleviate my boredom, I decided to consult CHAT GPT, the highly acclaimed artificial intelligence, for some legal advice. Check out the response I received below: "While I'm not a lawyer, I can offer you some general steps...
YOU CAN BE HELD LIABLE FOR YOUR EMPLOYEES ACTIONS!!!
Dear Startup founder, Under the concept of vicarious liability, you can be held liable for the action of your employee that causes damage to another person during the course of his employment in your establishment. For example, if your employee hits someone in the...
HOW TO AVOID LEGAL ISSUES IN YOUR STARTUP.
Do you intend to launch a new business? Before you hit the ground running, make sure you're aware of the legal pitfalls that can trip you up along the way. Taking the right legal precautions from the outset can save you time, money, and a whole lot of headaches down...
INCREASE PROFIT BY EMBRACING MARKETING.
Dear business owner, A business is not sustainable without profits. Generating profits is instrumental to the sustainability of your brand. Marketing is one thing that guarantees increased profits for your business. It's quite important for you to find a marketing...
LIQUIDATION IS NOT THE END!!!
Dear start-up founder,One of your preliminary considerations must include who gets what in the event of liquidation e.g. Who gets paid first in the event of liquidation? Liquidation doesn't necessarily mean that the company will fold up. It could also mean mergers and...
KNOW THE RIGHTS INVESTORS HAVE IN YOUR STARTUP!!!
Dear startup founder,Are you confused about the rights of the investors in your startup? Truth is, when investors give you money, there are certain rights that they expect. Some of those rights include; 1. Drag-along rights: this is a type of economic right.A...