I cofounded a small business that is gaining traction. The business is registered only as a business name. We have some paying customers but not making profit, we’ve never paid tax. So far we’ve been funded from personal sources.
We are now thinking of hiring a developer. My concern is, it took a lot to build our software. 3 years of grueling research and development. And deploying the software doesn’t take a lot. What do I need to do to ensure that I can legally go after any developer I hire should the developer sell the codes to a third party or start a competing business?
I need practical “naija advice”, I can Google but then I’ll get “western advice.” I would like to minimize cost and anything that may tie us down with unessential bureaucracies.