This article delves deeper into the question of why you would choose any of the structures I explained. I will try to be as practical as possible and won’t bore you with textbook reasons.
CAMA is the law which strikes erring business entities or enables law abiding ones in Nigeria. CAMA (which refers to the Companies and Allied Matters Act, Laws of the Federal Republic of Nigeria) is how Nigerian lawyers commonly refer to the law which regulates almost all business entities in Nigeria.
I am hoping this journey into the basic legal needs of every startup will not only inform and enlighten but would also be practicable and adaptable in your startup journey.