Tech startups must check with their compliance advisors to confirm whether their businesses fall under a regulated industry that has a minimum share capital requirement before incorporation with the Corporate Affairs Commission (CAC) so as to be able to meet up with legal compliance expected of them.
Many MSMEs proprietors are of the belief that once a business name, company, or partnership has been registered as a legal entity, it is sufficient enough to own their intellectual property.
The reasons behind the introduction of the Fiscal Policy measures were numerous, including the imperative to broaden the economy's scope, decrease reliance on income from crude oil, boost revenue generation, and tackle the existing infrastructure deficiencies within the nation.
Oftentimes, legal advisory services are seen as unnecessary by start-up founders at the beginning of the companies due to a variety of reasons such as cost and the lack of time to find a good lawyer. However, founders are advised to engage the services of a good lawyer for their legal needs
