16
Aug
2017
Posted by: In: Legal

Am I Responsible For My Employees At All Times?

Many  business owners understand that they’re responsible when employees cause harm to themselves or others while on company property or while using company equipment. But the truth is that employers can be liable for harm caused by an employee anywhere at any time if that employee caused harm within the…
14
Aug
2017
Posted by: In: Business, Legal

Here’s Why 44,000 Nigerian Companies Got off The CAC Records.

    News have it that out of the 1.5 million companies registered with the CAC, an upward of  44,000 companies are being delisted from the database of the Corporate Affairs Commission, in an ongoing exercise aimed at weeding out inactive companies. The Registrar General of the CAC, Bello Mahmud,…
14
Aug
2017
Posted by: In: Legal

Here’s Why The CAC Delisted 44,000 Companies.

The Economic Confidential has reported that an upward of  44,000 companies have so far been delisted from the database of the Corporate Affairs Commission, CAC, while 1.5 million companies have been registered. The Registrar General of the CAC, Bello Mahmud, disclosed this in an interview with the Economic Confidential in…
10
Aug
2017
Posted by: In: Entrepreneur, Legal

THE ADVANTAGES OF REGISTERING A COMPANY IN NIGERIA

As a budding Entrepreneur, one of the first steps to consolidating your dream is by registering your business. One great advantage of having your company registered with the government is to ensure that your company name is monopolized. You should always have this in mind that if you attempt to register…
24
Nov
2016
Posted by: In: Business, Entrepreneur, Law, Legal

Is My Business Legal?

  A widely acclaimed vehicle that will restore the nation to its erstwhile position as the economic giant of Africa is entrepreneurship. Thankfully, businesses spring up in different sectors in different locations everyday. It is quite gratifying to see small business springing up daily and more people taking charge of…
22
Nov
2016
Posted by: In: Business, Entrepreneur, Law, Legal

Loan Between Friends; Awkward or Nay.

Talk about awkward… Friend A: Abeg, I need some cash to make ends meet till month end. You fit lend me? Friend B: How much? (Friend A names amount) Friend B: Okay, send your account number. I go credit you. Abeg, make sure you send it back on the 31st…
06
Oct
2016
Posted by: In: Tax

Nigerians and Taxes

A tax (from the Latin taxo) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is usually…
05
Oct
2016
Posted by: In: Business

Okay, I want to register this establishment, what options are open to me?

The options open to you and anyone who might want to start an establishment are as follows: Private and Public companies (limited by Shares, Limited by Guarantee or Unlimited) Business Names Incorporated Trustees In this context, the most popular types of establishments are Private Companies: Private Company Limited by Shares…
05
Oct
2016
Posted by: In: Business, Entrepreneur, Law

I am an entrepreneur, do I need law?

Social entrepreneurs get involved in the provision of public services, primarily seeking to generate “social value” beyond profits. Contrary to strictly non-profit organizations, they combine financial sustainability and the generation… An entrepreneur needs to acquire a basic understanding of the law and how it can help build and protect the…