Online Legal Clinic

Holiday Series! The Smart and Legal Way of Doing Business in Nigeria (1) Our Holiday has officially started! Our debut Holiday Series, The Smart and Legal Way of Doing Business in Nigeria takes off with the speed of light. Stay with us! Permit us to put this out in public domain, the aim of this Holiday Series is to point out economical ways of doing business, while staying within the confines of law. Firstly, to do business in Nigeria with the attendant legal consequences, the business must either be Registered as a Business Name or Incorporated as a Company. You have a discretion to elect the appropriate legal structure to put in place. Be it the Business Name or an Incorporated Company. Of course, there are financial burdens to bear, it includes the cost of Registration and/or Incorporation as well as the appropriate Professional Fees for the legal exercise. Here is the gist, wait for it! If you desire to either Register a Business Name or Incorporate a Company and you do...

THE 2 LEGAL WAYS OF DOING BUSINESS (PT. 2) Last week on the Mini-Law-Series, we identified 7 benefits of Registering a Business Name. This week, we are moving to Incorporation of a Company. Where your ideas can’t fit into a Business Name, the appropriate legal structure to put in place for your business is a Company and I will state briefly the reason for choosing to Incorporate a Company over the Registration of Business Name. A Company can be formed by 2 or more persons, it could be limited by shares, unlimited or a Public Liability Company, bearing in mind the nature of this platform and the targeted audience, the discourse will be confined to a Private Limited Liability Company. Please note that the benefits highlighted in our last discourse as also applicable to a Company. BENEFITS OF INCORPORATING A COMPANY 1. Legal Entity: A Company once Incorporated becomes a legal entity, with it’s own peculiar identity such that the Company can carry out functions such as acquisit...

INHERITANCE TUSSLE:IS MARRIAGE, NOT THE BIG ROLE PLAYER (PT. 3) Hello Friends and Happy New Month!🤗 Kindly recall that we had discussed at length the Yoruba and Igbo Customary Rule of Succession or better said we have explained how the properties of a Yoruba man and Igbo man who contracted traditional marriage are shared and or distributed where there is no valid will, or where some devised  gift in a will has failed. This week, we travel to Bini. Come with us; Under the Bini Customary Rule of Succession, the Estate of a deceased’s person can’t be distributed until the completion of a Rite or Ceremony described or termed as the second burial rite. This Rite is carried out at the exclusive instance of the eldest son. The eldest son may equally elect not to call for the Rite. The carrying out of this Rite determines largely what happens to the Estate of the deceased. For the sake of consistency, the said Rite will henceforth be referred to as Second Burial Ceremony. Ac...

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