The Entrepreneur And Law: The Ultimate Legal Guide To Doing Business In Nigeria (147 Questions Answered + 7 Agreement Templates) is a timeless resource that will help you understand the law and protect yourself and your business.
Starting a business is one thing, but sustaining and complying with the various legal requirements is another thing entirely. While I do not mean to scare you, you must appreciate just how big a deal it is.
How do I know?
I know because I have been on this road for a long time and earned my stripes. I have been running businesses for over a decade and founded ReDahlia more than six (6) years ago.
Why Did We Write The Ultimate Legal Guide To Doing Business In Nigeria
In our second year of business, we established our business support arm to facilitate prompt and seamless business registrations with the Corporate Affairs Commission and then aid such businesses to trademark their brands with the Ministry of Trade and Investment.
This has allowed us to closely engage with small and medium-scale business owners for over four years. We have found that the thousands of questions we are repeatedly asked reflect a common concern these business owners have about understanding the legal implications of doing business in Nigeria.
Our DMs and emails are filled with legal questions given the support services we render, and these questions cover almost every aspect of a business. They range from understanding the different business structures and tax implications, dealing with partners, intellectual property protection, amongst others.
Legal Questions Business Owners Ask Us
‘I don’t want to pay tax; how can I avoid paying tax when I register my business?’
‘Should I register my business as a business name or limited liability company, and why?’
‘What are the benefits of registering my business?’
‘I’m having issues with my partner; how do I deal with it?’
‘What is a trademark?’
‘Should I register my business, or should I trademark the business?’
‘What businesses can I start?’
‘Are there some businesses I cannot do?’
‘What are the advantages of registering a business name over a limited liability company?’
How Did We Write The Ultimate Legal Guide To Doing Business In Nigeria?
As always, our mission is to provide lasting solutions to the challenges that plague entrepreneurs.
This is why we engaged three of the best company law practitioners to produce this timeless resource: The Entrepreneur And Law: The Ultimate Legal Guide To Doing Business In Nigeria (147 Questions Answered + 7 Agreement Templates).
The unique balance we have struck with this body of work is deftly aggregating their wealth of legal expertise and experience with my understanding of business-speak, having worked with businesses for over a decade. Our singular goal was to ensure that every term, every word, and sentence makes sense to the ordinary business owner. Ever heard or read the law in business language? That’s precisely what we did here!
The book takes a question-and-answer form so that it’s easy to comprehend. Also, you have seven (7) agreement templates that you can adapt to your needs.
Overview Of The Ultimate Legal Guide To Doing Business In Nigeria
Understanding how to start a business in Nigeria is the first set of questions covered; you are taken through legally starting your business.
Asides from registering your business, what other legal obligations do you have? This book holds all the answers. With this guide, you will be making an informed decision on the proper legal structure with the big picture in mind.
As a business owner, you need to protect your intellectual property from theft. The assets or property of your business could be real (tangible) or intellectual (intangible).
Therefore, it is crucial to protect the real property and your business’s intellectual property. How can I protect my intellectual property?
We covered every detail in a way you have not seen before. We covered patents, trademarks, different classes of trademark, industrial design, copyright, etc. You will learn everything you need to do to protect yourself, so when someone infringes on your right or the right of your business, you can take the appropriate legal action. Protecting your intellectual property is very important and should never be taken for granted.
To Understand This Better:
For some businesses, their brand may be the most valuable asset they own. This is because consumers value their favourite products’ brands, which gives the business a competitive edge. In January 2012, for instance, the Coca-Cola brand was valued at over 70 billion dollars, and the Apple brand was valued at over 30 billion dollars. Okay now!
Bonus For The Ultimate Legal Guide
1. Partnership Deed
2. Stock Purchase Agreement
3. Employment contract
4. Service contract
5. Sales contract
6. Non-compete agreement
7. Non-Disclosure Agreement
These templates are not “your regular” online templates that you can download. No! We prepared these with you in mind. When I started ReDahlia, I paid N70,000 to a lawyer to draft an employment agreement for me. Imagine! And, you are getting these for free.
This is to tell you that we have you in mind. We want you to do business right, and we are giving you all you need to be more as an entrepreneur.
The Ultimate Legal Guide Will Help You Understand How To Pay Your Taxes
To be on the right side of the law as a business, you need to pay your taxes.
We did not leave you wondering about your tax. We took care of that for you as well.
What is the primary thing that I need to know about the tax liability of my business? What are the types of taxes in Nigeria? How do I pay tax to the government? If I don’t pay my taxes, what are the implications? What is the difference between tax evasion and tax avoidance? Do I have to pay tax on all my profit or income? What is tax planning? How are employees taxed? How much should be deducted from an employee’s salary as tax? When will a business owner start paying taxes after registering a business with CAC? Should I avoid paying taxes? What dates should taxes be paid? What is the procedure for filing taxes in Nigeria? Is there a penalty for not paying your tax on time? What are the things that I need to know about TIN?
You can see that we went the whole 100 yards on this one because we don’t want the tax guys to come for you. But, as always, if it is not excellent, you won’t find our name on it!
Foreigners Doing Business In Nigeria
Finally, we did not leave out our foreign counterparts. So if you are a foreigner and want to do business in Nigeria, you may want to stop and listen.
Without a doubt, it is essential to note that a solicitor and other professionals would be required as a foreigner when you want to do business in Nigeria. Still, we over-simplified what you need to know in this book.
Can a foreigner do business in Nigeria? How can a foreign investor do business in Nigeria? What are the procedures to follow if a foreign investor wants to set up a business in Nigeria?
The Mission Of ReDahlia
At ReDahlia, we believe that business knowledge, including law knowledge, should be accessible to every business owner and aspiring business owner.
What we have done with The Entrepreneur And Law: The Ultimate Guide To Doing Business In Nigeria is to break down every aspect of the law as it affects your business without legal jargon and headaches.
We answered all the legal questions bugging you and much more!
As a business owner, whether you like it or not, the law is here to stay, and it won’t go away. Guess what? Ignorance of the law is not an excuse.
Let’s face it; you must understand every aspect of your business, including the laws that affect your business if you want to be successful. Unfortunately, this is one of those things you don’t have a choice on. What you know and don’t know about the law will affect your business and every aspect of your life.
So, why take chances on such important matters? Why fall victim, when you can be a victor with this knowledge in your hands.
Make the law your friend today by purchasing The Entrepreneur And Law: The Ultimate Legal Guide To Doing Business In Nigeria (147 Questions Answered + 7 Agreement Templates), and your business and bank account will thank you for it.
It is the best investment you can make on behalf of your business today!
Get your copy today and all the other resources we have at our shop.