The ownership of a company is usually through the acquisition of shares become a shareholder. Share transfer is a consent to voluntarily transfer shares with compensation or without when;

•  admitting a new shareholder,
•  exiting an existing shareholder or,
•  transferring shares among the existing shareholder.

Turnover tax is the tax payable by a small business whose turnover does not exceed 5,000,000 during any year of income. It is chargeable at 1% of the gross revenue.

Turnover tax should be filed and paid by the 20^th day of every month.

These are deductions made by employers from their employee’s payments or earnings. It is a requirement by the law for an employer to deduct a certain amount from his employee’s payment and remit it to the relevant authorities and they include; Pay As Earn (P.A.Y.E), NHIF &NSSF.