Business Formation /Funding for Startup Business.
As innovation continues to be on the rise, so are startups taking charge of these innovations and hoping to offer their products and services to people. In Nigeria, this, in recent times, has been prevalent in Technology spaces as several startups are springing up hoping to break into the market. However, without proper support and counsel, these startups often shut down faster than they started.
We at FREEHILLS LEGAL PRACTITIONERS (FLP) help guide startups in their developmental process, from inception to growth and business expansion. Through our legal and commercial expertise, which entails services of Nigerian and American trained lawyers, we would support you in the creation of your business model, business structure and also render support in terms of seed-funding needed to kick start your business, leveraging on our experience and network of angel investor.
We understand the importance of protecting your intellectual property, especially when your business model is grounded on a novel idea. Thus, we would render legal support to you in the protection and upscaling of this idea. The ultimate aim is to ensure your startup develops, expands and maximize your innovative product or service while threading the path of legal compliance and financial sustainability. Our clients trust us in managing their transactional affairs, disputes and seeking our legal and commercial knowledge that would lead to positive outcomes.
Understanding the regulatory compliance governing business formation in Nigeria
FREEHILLS LEGAL PRACTITIONERS (FLP) regulatory compliance team render services to clients in Nigeria on regulatory frameworks guiding business formation in Nigeria. This includes assisting the business in being compliant with requisite licenses, permit and registration need pre-incorporation. This also stretches into ensuring that their business structure, composition and finances align with these regulatory frameworks.
Company Secretarial, Compliance, and Corporate Governance
Our regulatory compliance team comprises individuals with the knowledge skillset and remarkable experience to provide clients with risk assessment and compliance advisory services. We also assist them in incorporating into their corporate affairs, effective compliance programs, and top-notch legal services to align their operations to the national and international regulatory frameworks.
We understand the rate at which the compliance space is growing and the issues that could occur from corporate bodies not acting on time to implement new compliance frameworks. That is why we work closely with our clients to ensure that they are adequately informed of the new compliance framework. We render counselling on matters such as organizational structure, composition and complex issues such as Data Protection that could affect the client’s company negatively. The ultimate aim is to protect our client’s reputational integrity while ensuring that the company is financially sustained by assessing risks associated with activities within the client’s line of work.
We advise and work with clients in several sectors of the economy, such as real estate, startups, telecommunications, technology, oil and gas, among others. Our advisory services include:
- Company formation and incorporation at the Corporate Affairs Commission (CAC).
- Acquiring essential sector licenses and permits.
- Guidance on the formation of trusts, foundations and partnerships.
- Advisory services on compliance with regulatory frameworks.
- Trade Mark Registration
- Asset procurement.
- Evaluation of Bid Proposals, Technical and Financial Proposals
- Compliance with General Data Protection Regulation (‘GDPR’) and the Nigeria Data Protection Regulation (‘NDPR’)
