All posts by admin

ContractsInvestments & FinancingStarting & Operating a Business

Thinking about equity split? Here’s how to structure it

Starting a business is exciting especially if you’re doing it with a good friend, a former colleague, or even a family member. Getting lost in all that excitement is easy and a lot of times people forget to talk about the important stuff – like how to split equity among co-founders. As awkward as this […]...
Ask ZainabTaxation

Filing your zero VAT returns

Dear Zainab, Please help me, I registered a company since 2008 but never used it until now when I see a need to get into business. I went to get tax registration documentation and Vat letter etc – At that point I found out my TIN# was located in a different place from my company address. […]...
Information TechnologyIntellectual Property

Here’s why you need a website privacy policy

Before giving out your information on any website, do you feel like you are giving strangers a peep into your personal life? Yes? It’s a perfectly normal reaction. People want to know what is going to happen with their information before giving it out. So you own a website, how do you assure and reassure […]...
Company LawContractsCorporate GovernanceProperty lawStarting & Operating a Business

A company seal and why you might need one

Ever saw an episode of Merlin? You would have noticed the official seal being waxed onto a letter, that usually spelt doom:) Traditionally, a seal included a piece of wax, a wafer, or some other substance joined to the document or an impression made on the document by mechanical means. A company seal is also […]...
Ask Zainab

Registering a foreign IT company in Nigeria

Dear Zainab, Good morning. Please, may I know the cost of registering an IT foreign company in Nigeria? Regards Mr Adedeolu ### Hello Mr. Adedeolu, Thank you for sending your question in after reading the last edition of Ask Zainab From your email, I believe what you mean by IT foreign company is a Nigerian […]...
ContractsEmployment

Offer letters vs Employee contracts. Everything you should know

Before we proceed, no they are not the same. Offer letters and employee contracts are similar but they exist to fulfil completely different purposes. You might have been using them wrong all these while. Offer letters do not give detailed information as the employment contract. As a small business owner, one of the major concerns […]...
Ask Zainab

Understanding pension deduction from salary

Hello Zainab, I want to ask u a question. We are like 3 in our small company, which began operations 8 months ago. My boss hired one girl 2 months ago to join us and Gbam! before you know it, he started deducting from our salary. Hmmn, I think it’s because of that girl that […]...
Company Law

Your company name vs your Trademark, do you know the difference?

Imagine the horrors of another company opening up a business with your company name? All the hard work, goodwill and customers you have managed to cultivate will be shared with an imitator. That could be a hard pill to swallow, but in reality, you don’t have to swallow it at all… If you know the […]...
Ask Zainab

Are interns supposed to pay taxes?

Hi Zainab, I’d like to make inquiries about interns and taxes. I have a small business I run, which deals in book-keeping/accounting for small businesses,. My team is made up of me, myself, & I . My nephew and 3 of his friends, just ambushed me with letters for internship placement, as they are accounting […]...
ContractsIntellectual Property
Blank Image

Getting smart with outsourcing to a software developer

If you have never outsourced a service for your company, we might need to profile you or have an interview with you. Superhuman, how do you get everything done yourself? Oh, you don’t ? Outsourcing has come to stay. As a business owner, you cannot do everything by yourself,  neither can your employees. Okay maybe […]...
Ask ZainabInvestments & Financing
Blank Image

Converting your business name to a limited liability company

Dearest Zainab, I pray you have been doing well, more blessings to you, your colleagues and your entire family, IJN. I need your professional and competent advice. I have received various kinds of advice on this issue I want to discuss with you but I know you know best. So, I registered my business as […]...