THE 2 LEGAL WAYS OF DOING BUSINESS
THE 2 LEGAL WAY OF DOING BUSINESS Last Week, we suspended the Mini-Law-Series to enable us sensitize the populace on the directive of the Corporate Affairs Commission (CAC). The said directive is to the effect that Business Names and Companies who have defaulted in the payment of their Annual Returns will have their names struck OUT of the CAC’s ‘Portal’ Treading the path set by the Corporate Affairs Commission, the Mini-Law-Series brings you the feature tagged: THE LEGAL WAY OF DOING BUSINESS Let’s get to it! Generally speaking, business (with the sole aim of making profit) can be carried out under 2 heads, the first is as an Enterprise while the second is as a Company. The nature of the business amongst other significant issues will determine the appropriate direction to follow; be it the Enterprise or the Company. We are not unaware of the murmurings from different quarters that the call for registration of Business Name or Incorporation of Company is an attempt to genera...