@ OP, so far you have been privileged to obtain some of the best responses in relation to your query.

I am short of words. i really appreciate everyone that contributed positively in answering some of my questions. with the knowledge i have gathered from this post, i can boldly approach a lawyer and have clearer understanding of whatever counsel he'll be giving to me.

I've pulled a link for below you and it should tell you most of the things you need to know. Good luck
http://www.smarta.com/advice/starting-up/starting-your-own-business/how-to-start-a-business-a-checklist

This is another reason i approached Nairaland first before consulting a lawyer. this site is too loaded and will go along way in helping new start-ups conceptualize their business idea.


Thank You.

Nice ideas for biz start up.