LEGAL ARTICLES
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...
DON’T MISS THIS WEBINAR FOR ANYTHING!!!
Dear startup founder,How well do you love your startup? If you love your company as much as you claim you do, you would move mountains to ensure that your company is secure and unshakable. There's only one way to achieve this. Curious aren't you? It's by attending the...
SHOULD CONTENT CREATORS PAY TAX???
The Corporate Affairs Commission is here again. This time, guess who the target is? Social media content creators! Yes, you heard me. The Registrar General of CAC has come to the conclusion that social media platforms and content creators have been generating...
BUILDING A STRONG LEGAL FOUNDATION FOR YOUR STARTUP.
Dear startup founder,Do you know that about 80% of startups fail in Nigeria within the first few years of establishment? This failure is largely attributed to a shaky and inadequate legal foundation. It has been established over time that the most important part of a...
STEPS TO TAKE BEFORE FORMING A GROUP OF COMPANIES
Forming a group of companies under the Companies and Allied Matters Act 2020 (CAMA 2020) in Nigeria involves a series of legal and administrative steps. Some of the steps include;1. Determine the Structure: Decide on the structure and composition of the group of...
HOW TO MANAGE CONFLICTS WITH CO-FOUNDERS.
Hey there! Let's talk about conflict management between co-founders in a startup. Have you been wondering, just how do I prevent my startup from pulling apart at the seams due to conflict? Here's your answer; As a startup, there are legal agreements you shouldn't do...
READ THIS BEFORE FORMING A COLLABORATION.
Collaboration is the new competition but are your partnerships legally sound? Do you know that collaboration can cause your business to collapse if not properly handled? Oh please, we know you trust your partner but what happens when there is a disagreement on...
RUN A SUCCESSFUL KYC WITH THESE SIMPLE STEPS.
Have you heard about the updated CBN directive on the Know Your Customer (KYC) policy? KYC is a means of verifying customers' identities, preventing fraud, and ensuring financial security. Here's how to run KYC as a financial institution;1. Make sure you get the...