• Strategy

    Business Registration in Nigeria

    This article provides a brief overview of the features of different legal forms available for businesses in Nigeria; it as well details the practical requirement for incorporating or registering same under the law. 1.1. Artificial Legal Personality One of the foundations for business success is the separation of the business from the individual. The idea is to give the business a life if its own. The concept of “artificial legal personality” in law is a response to this. It refers to situations where the law clothes non-human entities (e.g. businesses) with qualities of a “person”. The reason is that these entities are composed of several persons (e.g. employees, management etc.)…