What Employment Documents does an Employer Need to Hire an Employee?

April 19, 2024 - Category: Human Resources and Employment Law

Employers can safeguard themselves through contracts and policies, thus mitigating potential disputes or legal issues in the future. Written contracts and policies serve to clarify expectations for employees, providing essential documentation for easy reference in case of disputes or infractions. [...]

How to Obtain a Tax Identification Number (TIN)

November 29, 2023 - Category: Taxes and Finance

Everyone has a civic duty to remit taxes to the government, covering various types such as personal income tax, capital gains tax, value-added tax (VAT), companies' income tax, and property tax. As a result, having a tax identification number (TIN) is crucial for tax remittance. [...]

How to Form a Company

August 22, 2023 - Category: Business Structure

Establishing a business is one of the most fulfilling things in the life of every entrepreneur, as this involves putting their thoughts, invention and ideas into reality. Every individual intending to start a business has the option of registering their business as a company or business name. [...]

What's the Difference Between an Employee and an Independent Contractor?

March 27, 2023 - Category: Employment Contracts

The workforce is a very important part of Nigerian economic development as many industries largely depend on them for their growth. A country's workforce is divided into two main categories- Employees and Independent Contractors or Service providers. [...]

How to Recover Money from a Debtor

February 28, 2022 - Category: General Business Documents

In the world of business, it is difficult and almost impossible to complete a transaction without advancing loans or delivering goods and services on credit. No matter what sector you operate, you might come in contact with clients or customers that owe you for goods or services sold to them or for the loan advanced to them. [...]

How to Choose the Best Legal Structure for your Business

February 28, 2022 - Category: Business Structure

Organizations are established for various purposes, such as for the provision of goods or services, for philanthropic causes, and other valid reasons involving profit-making. Starting a business can be a difficult task as the founder is required to take complex steps and adhere to the various regulatory compliance. [...]

The Procedure for Transferring Company Shares

January 31, 2022 - Category: General Business Documents

Shares are units of ownership interests in a company that makes up a company's share capital. They are the tangible properties that are capable of being transferred to another by way of sale or gift. [...]

Company Meetings: Forms and Essentials of a Valid Meeting

January 31, 2022 - Category: General Business Documents

A company is a separate legal entity that is formed by two or more persons to operate a commercial enterprise. A company is made up of directors and members who see to the management and organization of the company. [...]

Who Can Act as Company Secretary?

August 31, 2021 - Category: General Business Documents

Under the common law, the duties of the company secretary was merely administrative, with no real authority to bind the company. However, in recent times, the position of a company secretary has evolved from mere clerks to officers with binding legal authority. [...]

How to Terminate an Employment Contract

July 29, 2021 - Category: Human Resources and Employment Law

Every good thing must come to an end. A person who has been hired may be laid-off one day. [...]

How to Keep a Trade Secret Confidential

June 22, 2021 - Category: Commercial Activity

Every organization possesses commercially valuable information that makes them unique and different from its competitors. This is called a trade secret. [...]

Protection of Employee Data

May 10, 2021 - Category: Human Resources and Employment Law

From the recruitment of new employees to termination, employers collect and maintain a wide range of employee data. Data are personal or sensitive information collected by employers, such as an employee's date of birth, medical records and other personal information. [...]