business

Overview of the Register of Persons with Significant Control

Overview of the Register of Persons with Significant Control Campfires Law Firm | 29th August, 2023   The Nigerian government, through the Corporate Affairs Commission [“the Commission”], introduced the Open Central Register of Persons with Significant Control [the “PSC Register”], also known as Beneficial Ownership Register, on the 25th of May, 2023. The PSC Register is a public register that reflects the true ownership and control of companies and Limited Liability Partnerships [“LLPs”] in Nigeria …

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Shareholders’ Agreement: Why it is Important

Shareholders’ Agreement: Why it is ImportantCampfires Law Firm   | 21st August, 2023 Just forming a company isn’t sufficient, especially when the founders expect a promising future. Just being incorporated doesn’t completely safeguard the owners’ (“shareholders”) rights. Even the company’s incorporation documents, like the Articles of Association (the “Articles”), can lead to different shareholder expectations and need clarification on how shareholders relate to each other and to the company. This is where a Shareholders’ Agreement becomes important. …

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Filing Annual Returns in Nigeria: All You need to Know

Filing Annual Returns in Nigeria: All You Need to KnowCampfires Law Firm   | 8th August, 2023 Both business and non-profit organisations1 may have different organisational structures and financial objectives. However, they share a common aspect, which is generating income through the services or products they offer, or causes they represent. Whether the goal is to reinvest the income back into the organisation, benefit the owners, or achieve specific targets, the truth remains that these businesses …

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