ISBA Legal

Are you aware that it is not all businesses you can register as a business name?

Your inventions are your own, express them once you have created them. You can also give them legal recognition by registering them.

Pen is ever mightier than sword. Right from time immemorial, no one can underrate importance of written words. Oral agreements are allowed and indeed legal, but it is wisdom to document every term of your contract. Hope you know that?

Do you know as a proprietor of a business name, you will be solely responsible for any debts of the business whereas shareholders have limited liability and cannot be held personally liable for the debts of the business

You may not have a right to that name once it has been registered by someone else.

You cannot negotiate a business contract without first understanding the basics of that business. Understanding the business will assist you in negotiating a favourable contract for your business.

Giving your business a legal existence is basic. An unregistered business is limited and cannot go far. Registering your business does not only give your business a face to operate with but creates a feasible future for the business.

Businesses thrive when appropriate legal documentations are in place. In any business, parties will always need to discuss the terms of their relationships and agree to terms. Legal consultation is thus germane and should be the first step to take before agreeing to terms.