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How to Form a Company

February 28, 2020 - 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. [...]

Protection of Employee Data

February 18, 2020 - 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. [...]

Who Can Act as Company Secretary?

January 2, 2020 - Category: General Business Documents

The law stipulates that upon formation, every company must have a company secretary to oversee the efficient administration of the company. Under the common law, the duties of the company secretary was merely administrative, with no real authority to bind the company. [...]

Company Meetings: Forms and Essentials of a Valid Meeting

December 9, 2019 - Category: General Business Documents

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

How to Recover Money from a Debtor

October 30, 2019 - Category: General Business Documents

Many businesses and individuals have at one particular time, sold goods and services with an agreement that payment will be made at a later date or granted loans to debtors who even after several attempts have been made to recover the debts, refuse to pay their debts. Having debtors that refuse to pay is a problem that can have resultant effects on a creditor's business and in a bid to recover these debts, some creditors resort to self help. [...]

How to Keep a Trade Secret Confidential

October 25, 2019 - Category: Commercial Activity

Starting a business is a very big achievement for every entrepreneur especially when enormous work has been put in place to ensure the business functions properly. There is a lot involved in starting a new business and this includes, putting a proper legal structure, choosing the right staff, audits and accounting, advertisement and marketing, etc. [...]

The Procedure for Transfer of Company Shares

September 20, 2019 - Category: General Business Documents

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

How to Terminate an Employment Contract

September 4, 2019 - Category: Human Resources and Employment Law

Every good thing, they say, must come to an end. An employer may terminate an employment contract for several reasons, such as: redundancy, merger or acquisition, misconduct of an employee, etc. [...]

How to Choose the Best Legal Structure for your Business

May 13, 2019 - Category: Business Structure

People make decisions to establish organizations for various purposes, such as, provision of goods and/or services, for philanthropic reasons, etc. most of which is ultimately for profit making. [...]

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

April 5, 2019 - 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. [...]