Hello , How is your day coming?

Today, I want to share with you some important documents that you must take care of and keep safe.

Losing any of them could be a problem as the recovery process will take a lot of time and money.

The first one is your Certification of Incorporation.

This is the document that shows your company is registered and can conduct business in Nigeria.

This certificate confers the legal entity status to your firm.

if however, what you have is a business name, the document you would get is a certificate of incorporation.

No matter the document that you have, it must be kept safe and presentable whenever the need arises.

The Other one is the Memorandum and Articles of Association.

This document states the scope, nature of the business, goals, liability, objectives, powers, and functions of the company and its shareholders.

It also provides guidelines and business regulations governing the company.

To operate as an incorporated entity, this information is required before a company is registered.

When you have successfully registered your company, keep this document safe and easily accessible to you and the directors in your business for easy reference.

Another Important document is The Non-disclosure Agreement.

Every startup is meant to protect its USP and other important information about the company and its products/services.

This is why an NDA is drafted and it must be kept safely among the parties to it.

Shareholders Agreement/Other Agreements.

This agreement is entered into by the company and all its shareholders, stating each Shareholders roles, interests, responsibilities, rights, equity vested, distribution, etc.

Most importantly is to protect the investment interests of the shareholders in the company.

Other agreements are also entered into by the company from time to time.

Such documents are not meant for public consumption and must be safely kept away for reference in case of dispute in the future.

Contract of Employment

This is The legal document that shows the relationship between a company and its employees, their duties, remuneration, job descriptions, obligations, etc.

It protects the company against risks, liabilities, fruitless lawsuits, and the likes.

So, it must be kept safe for reference whenever the need arises.

Partnership Agreement: this agreement is crucial for a business operating as a partnership in order to set out partners' initial and subsequent contributions, guide the business operations of the company, define partners’ administrative and managerial responsibilities, outlines procedures for the dissolution of the partnership and decision making. 

This document must be kept in good custody as the need to clarify issues can always arise.

Investment agreement: the purpose of this agreement is to document the terms of an investment transaction between the company and investors.

The terms of the document are limited to a particular transaction.

So, there you have it!

I hope you learned something valuable from this?

Till next time, Cheers!

Barinaada.

P.S. Reach us now to see how we can help your business