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Joint venture agreement: Meaning, features, contents & more

Businesses are usually the creation of multiple persons coming together to pull their resources and have a separate legal entity created. There are usually anticipations of success in the business, the founders expect the best and are often filled with optimism at the start of the business-building stage.  While this optimistic feeling can be a …

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Annual Returns: Meaning, contents, when needed & more

The Corporate Affairs Commission (CAC) mandates all registered organizations, from incorporated trustees to business names and companies to file annual returns with it. The essence of filing annual returns is to keep track of the activities of the organization as well as to check if the organization is still in operation (a going concern). There …

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Financial statement: Meaning, financial records, contents & more

Companies function with the basic aim of profit making; to have an efficient tracking of revenue and expenses, companies engage professionals to assist in the creation of accounting records that show the true financial successes or failures of the company in business.  The financial records of a company are so significant that they are provided …

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