WRONG BELIEFS IN PROPERTY AND BUSINESS TRANSACTIONS

WRONG BELIEFS IN PROPERTY AND BUSINESS TRANSACTIONS

It is sad that many people lose money because they build their decisions on myths instead of the law.

One of the most dangerous misconceptions is believing that once you have a receipt for land/building, you are safe.

A receipt is not ownership; it is merely evidence of payment. Until your land/building has the proper purchase documents, someone else with valid documents can take it from you.

Another common mistake is assuming that registering a business name limits your liability. Registering a business name gives you the right to use that name and does not protect you from or reduce your liabilities.

Only company incorporation creates a separate legal entity that can protect you from personal risks.

Many also believe that oral agreements are enough. But in property and business, what is not written and signed is as good as not existing. Courts mostly rely on documents, not memory.

Also, filing annual returns is not optional and not filing it can lead to heavy penalties, loss of corporate status and even closure of your company/business.

The law is not based on assumptions, street advice or what people are saying. It is based on facts, the right documents and compliance.

So don’t let misconceptions ruin your property and business investments. Consult a Property and Business Lawyer before taking property or business steps.

__________________
APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com