Urgent Labour Law Overhaul: What Small Businesses and Startups Must Do to Survive Nigeria’s Economic Crisis
In a critical call to action, Nigeria’s Attorney-General, Lateef Fagbemi, has urged for an overhaul of the country’s labour laws to address the growing economic crisis and industrial unrest. This proposed reform will likely impact businesses of all sizes, including small businesses and startups. Here’s what it means for small enterprises and how they can […]
Understanding the Proposed Withholding Tax Regime for Small Businesses In Nigeria.
In a recent development, stakeholders have emphasized the need for a revised withholding tax regime aimed at providing relief to small businesses in Nigeria. This proposal suggests a turnover threshold of N100 million, which is expected to significantly impact how small businesses handle their tax obligations. Background and Rationale The withholding tax system in Nigeria […]
WP Engine vs. Automattic: What Startups Can Learn from WordPress’ Latest Trademark Battle
Automattic’s cease-and-desist letter accusing WP Engine of trademark infringement over the use of “WP” reflects the broader need for startups to proactively manage their IP. Automattic, the company behind WordPress, has sent a cease-and-desist letter to WP Engine, claiming trademark infringement over the use of “WP” in their branding. This legal dispute highlights the importance […]
When and Why to Hire a Business Lawyer
Entrepreneurs frequently concentrate on product development, service enhancement, and marketing strategies, but legal considerations are just as crucial. Knowing when and why to hire a business lawyer can help you avoid potential pitfalls and secure your startup’s success. This guide will help you identify when legal expertise is needed and how to choose the right […]
Essential Legal Documents for Investors: A Guide for Startups
Starting a new business venture is an exciting endeavor, but it also comes with a myriad of legal considerations, especially when seeking investment. Proper legal documentation is essential to protect both the startup and its investors. Here’s a rundown of the key legal documents startups need when bringing investors on board. 1. Term Sheet A […]
Understanding E-Commerce Laws: Key Legal Factors for Your Online Business
The rise of e-commerce has opened up a wealth of opportunities for businesses to reach a global audience. However, with this expansion comes a complex web of legal considerations that online businesses must navigate to ensure compliance and protect both themselves and their customers. This article will explore key legal aspects of e-commerce, including payment […]
The Importance of Terms and Conditions: Why Every Business Website Needs Them
In 2024, a business website serves as a crucial touchpoint between a company and its customers. Whether you’re running an e-commerce store, a blog, or a service-oriented site, having clearly defined Terms and Conditions (T&C) is essential. This document not only sets the ground rules for using your website but also protects your business from […]