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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
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. [...]
