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ContractsEmploymentEntrepreneurs
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Why you should terminate that contract

FBT Ltd, a PR agency had finally found a digital marketer after weeks of interviewing various applicants. Fola seemed to be the perfect fit, having worked as a digital marketer for GT Bank.  After signing his employment contract, Fola resumed work at FBT’s office. Mid-way through the third month, Fola refuses to deliver on a […]...
Family Law
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What every startup founder should know about dispute resolution

Tobe and Tacha have been running Happy Feets Ltd, their thriving shoe business for about  2 years. Just at the brink of entering into a competition organised by the British Council for creatives, Tobe discovered that Tacha had a company which was doing the exact same business  as Happy Feets Ltd, and was also participating […]...
Taxation
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The Start-up Guide To Tax and Its Types

Nkechi is the co-founder of a blooming start-up. She’s a model business owner as she does everything according to the books and ensures that all that she and her team does always follow due process. At a networking event for start-up founders, she met Jide who also was running a brilliant and dynamic start-up. As […]...
Post-incorporation

You’re Incorporated. Now What? (Post-Incorporation Obligations)

Wale and Chioma have finally gotten their fashion startup incorporated with DIYLaw. It was a breeze, thankfully. Now they have started operations and are about taking the fashion market by the storm. Chioma came across a term called “post-incorporation” on a WhatsApp group for entrepreneurs that she is a member of. She isn’t exactly sure […]...
Starting & Operating a Business

What you need to know about a parent and a subsidiary company

Titi, Ada, Lanre and Emmanuel, four bosom friends from highschool decided to join their mind blowing ideas together as they were all considering how to win a fashion competition and launch their own startup. After much deliberation, boom! a company was born – TALE Designers Ltd with TALE being an abbreviation culled from the combination […]...
EntrepreneursImport & Export
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Regulatory hurdles to cross before registering your logistics business

Wale has finally saved up enough money from his 9-to-5 to start his own business. Now he has been considering what business to go into. While having lunch with Uche his best friend, he was exhausted at Uche’s endless rant on how he was unable to deliver the shoes he made to clients on Lagos […]...
e-commerceEntrepreneurs

Essential Tips for Running an E-commerce Business in Nigeria

It is no longer news that the e-commerce sector is one of the fastest growing businesses all over the world. Brands such as  Jumia, Konga, and of course global brands like AliExpress and Amazon have become household names This is enough motivation to venture into the space either as an aspiring business owner or one […]...
Starting & Operating a Business

Equity, Shares and Startups

What exactly is equity? If you run a startup, you probably might have heard of equity, shares or stock. You probably might have signed an agreement with your co-founders or investors to give them a percentage of shares in your startup. Equity a.k.a. shares or stock in American parlance is a term used to describe […]...
Landlord-tenant

What to Look out for in a Tenancy Agreement

Chinedu recently found a suitable apartment after about 3 months of searching. He called his friend Femi to go with him to check the apartment before he made the payment. As they checked out the apartment, the landlord dropped by to give Chinedu his tenancy agreement so he could sign. Femi on sighting the agreement […]...
Intellectual Property

How Important Is Protecting Your Company’s Intellectual Property?

Over the past few years, the business sphere, especially as touching SMEs, in Nigeria some words or concepts have become quite prominent. One of such is intellectual property. This might be due to the fact with ever evolving technology, it has become a cogent part of the running and growth of any growing 21st Century […]...
EntrepreneursStarting & Operating a Business
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What to know about registering an NGO in Nigeria

Dr Wale had always had a heart for children battling with polio. This isn’t entirely surprising as he lost two of his siblings to the deadly disease and since then vowed to do all in his power to help eradicate or at least alleviate it. The plan was to set up an NGO which would […]...
Starting & Operating a Business

TOP LEGAL MISTAKES STARTUPS SHOULD AVOID

Chioma and Raina are very good friends and have been working together in the banking sector for almost a decade. Seeing a gap in how long it took small businesses to obtain a loan from banks, they decided to create a software to solve this problem.  They immediately coined up a name for their business […]...