Countdown to Acuity at 5 – Celebrating Five Years of Legal Excellence and Innovation
In the heart of bustling Lagos, a transformative journey began five years ago. We are elated by all our achievement over the years as we proudly countdown to our fifth anniversary of our business and commercial law firm — a beacon of innovation and legal excellence.
The Nigerian Startup Act, 2022: What you should know
Finally!!! And may we say congratulations to the Startup/tech ecosystem on the recent Presidential assent of the Nigerian Startup Bill. The Nigerian Startup Act, 2022 (“the Act”) is aimed at harnessing the potential of the country’s digital economy by providing an enabling environment for the establishment, development, and operation of Startups in Nigeria. The passage […]
Alternative Financing – When the Banks say no
Have you been told no by the banks because you did not meet their criteria for loans? Don’t take it personal!
The banks are rigid in terms of their criteria for loans and will decline your application for funding where your business does not meet the criteria. Many start-ups and SMEs do not qualify for bank loans for some of these reasons:
Funding your Start-up? Consider a SAFE
SAFE is a great way for startups to get funding and support from experienced investors. It works by giving startups a set amount of money upfront, in exchange for a percentage of the company. This percentage is usually much lower than what investors would normally get, so it’s a great deal for startups. SAFE also gives startups some time to grow and get more funding before they have to give up any equity.
Tips for Building a Compliant Tech Startup in Nigeria
Firstly, compliance means adherence to laws and regulations. Thus, a compliant startup or business follows the same logic. A compliant startup/business is a business that operates in accordance with all the applicable laws and regulations
The valuation game and legal vehicles
We got used to the idea that most entrepreneurs set up companies with the aim of solving a problem and making profit while at it. Business growth and sustainability are some of the buzzwords when such discussions come up.
Are You Ready For Venture Capital Funding?
At the development stage of every business, it is likely to require an infusion of funds to help it grow. At this point, several financing options come to mind one of which is venture capital financing. Venture capital financing is a kind of equity investment in a business by external investors who are not the […]
How To Structure A Family Business
If your goal is to own a business you can pass on to the next generation, listen up! The leadership, structures and processes in your family and business are the reasons why you will be able to pass your company on to future generations. You may be wondering how families like the Fords, Waltons’ and […]
The Collaboration of the Advisory Board and the Board of Directors
In a 2018 report by International Finance Corporation[1], family businesses were stated to constitute the world’s oldest and most dominant form of business organizations. Also, these businesses represent more than 70% of the overall businesses and play a key role in the economy growth and workforce employment in most countries. The statistics show that 95% […]
Doing Business In Nigeria – The New Companies And Allied Matters Act (Cama), 2020
In furtherance of enhancing the competitiveness of the business environment in Nigeria, President Muhammadu Buhari on August 7, 2020, signed into law the Companies and Allied Matters Act (CAMA), 2020 which repealed the CAMA, C.20, LFN, 2004. This new CAMA is Nigeria’s most significant business legislation in the last few decades and it introduces new […]
