TNLP

COVID-19 LEGAL RESOURCE HUB

Even as we all navigate an uncharted path, as a result of the -19 Pandemic, we remain committed to the wellbeing and sustainability of your .

We have launched a Covid-19 Legal Resource Hub. This is an avenue to provide you with resources that will help you manage the legal obligations of your business at this time.

Please watch out for this space.

HOW TO GET YOUR BUSINESS OUT OF DEBT

Your business can get out of by applying the following tips:

i. Know exactly what you owe. If the debt is with a institution, you can do a forensic audit of your statements.

ii. Have your debt reviewed to ascertain what your actual are.

iii. Prioritize your debts. Determine the order of priority for debt payment.

iv. Reduce expenses.

v. Seek to renegotiate/restructure your payment terms.

vi. Recover debts owed to you. This will help you repay your own debts.

vii. Provide good value and service to your clients/customers, in order to increase your income.