Company meetings and resolutions: Today, we discuss the different meetings held by a private company and the different resolutions to be extracted at those meetings. One of the best practices for your company is to constantly have meetings; whether to make business plans or strategies, or to discuss the progress of certain action points. It is good practice to make […]

Best principles and practices for continuity of your business: This week, we discuss the legal perspective of the best principles and practices your company should abide by for successful continuity of business. Regulatory compliance: The need for regulatory compliance cannot be over-emphasised. As discussed in the previous weeks, your business could incur serious losses or even closure in the event […]

The High Court case of Papada Holdings Ltd & Anor versus Christopher Kisembo & Anor HCMA No. 0497/2021 (Commercial Division) 1) The term ” representative” under S. 34 (1) & (3) of the CPA has been interpreted to include not only legal representatives of a person’s estate upon death, but his or her representative in title, including a purchaser of […]

Regulatory and compliance requirements after registration: Today, we discuss the basic regulatory and compliance requirements you need to put in place right after registration of your company/business. Compliance is the lifeline of your business. Many businesses fail due to non-compliance with different laws and regulations. For example, many businesses close shop for failure to pay taxes or file tax returns […]

In the second part of the business associations series, we will discuss partnerships, business names and companies. Small businesses and partnerships: Smaller businesses run informally could be registered as a business name. For example, if one is operating a bakery or a supermarket alone, or even in conjunction with other people, they can register that as a business name. You […]

Regulatory compliance during the course of your business: Last week, we discussed the regulatory and compliance requirements right after registration of your business. This week, we discuss the regulatory and compliance requirements during the course of your business. Today’s discussion will focus on companies.  File annual returns with the Registrar of Companies: Annual returns are a report to the […]

Decoding business associations in Uganda At Lawgic Advocates, a considerable percentage of the clients that we receive are people who seek advice on how to form and maintain associations with others by which they can carry out business. In a bid to improve literacy in this area, we have started this weekly series where over the next few weeks, we […]