Compliance For Your Small Businesses
Business compliance is the process of making sure your company and employees follow all laws, regulations, standards, and ethical practices that apply to your organisation and the industry at large. The...
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Building A Successful Family Business
According to the Family Firm Institute, family-owned businesses account for two-thirds of businesses worldwide, making them essential for both economic growth and job creation. So how can one make a family...
How To Make Your Side-hustle Successful
There is this anonymous saying that states that;“The average millionaire has 7 sources of income”. Now more than ever before I believe this and my belief in this is hinged on the fact that the state of the...
NIPC Business Registration in Nigeria – when required?
The Nigerian Investment Promotion Commission (NIPC) was established by the Nigerian Investment Promotion Commission (NIPC) Act 16 of 1995 to encourage, promote, and co-ordinate all investments in Nigeria. It...
Registration of Technology Transfer Agreements in Nigeria with NOTAP
NOTAP stands for the National Office for Technology Acquisition and Promotion. The following documents are required for the registration of imported Technology in Nigeria; Completed Application Form, NOTAP...
National Housing Fund (NHF) Registration in Nigeria
Act 3 of 1992 established the National Housing Fund (NHF) with the aim of Mobilization of funds for the provision of affordable residential houses for Nigerians. All Nigerians in employment, whether...
Police Trust Fund in Nigeria- How Companies must comply with this Payment
On 24 June 2019, the Nigerian President signed the Nigeria Police Trust Fund (Establishment) Bill (“Police Trust Fund Act” or “the Act”) into law. The Act establishes the Nigeria Police Trust Fund (Trust...
Value Added Tax (VAT) Registration in Nigeria
This is a tax imposed on the supply of goods and services, under the Nigerian Tax law, VAT is fixed at 7.5% of the value of the taxable goods and services. Section 8 of the Value Added Tax Law, which was...
LIRS Company Registration in Lagos State
A company is required to register for taxes in Nigeria, also individuals, employees, partnerships, and communities pay personal income tax in Nigeria. Personal Income tax is payable to the relevant tax...
Why Your Company Needs A Shareholder’s Agreement
A shareholder’s Agreement outlines how a company is to be operated, the rights and obligations afforded to the shareholders, and the relationship between the company and the shareholders. The purpose of a...
How to register a consortium in Nigeria
Consortiums are companies which are composed of separate and different companies coming together to pool resources for an agreed objective or specific duties. Each company will be responsible for the...
Difference between a Holding company and a Group company in Nigeria
As a general rule, a Holding Company (HoldCo) is defined as “any corporation that owns controlling shares (more than 50% shares) in another company (subsidiary) or companies (subsidiaries) to influence...
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