23 Feb, 2023
YOU CAN NOT REGISTER THESE BUSINESSES AS A BUSINESS NAME.
The Business Name (sole proprietor or partnership) is the most common type of business structure. The Corporate Affairs Commission (CAC) is responsible for registering businesses in Nigeria and determines what businesses you can register under a particular structure.
There are some businesses you cannot register under the business name structure because of the nature of the business or the industry requirements or compliance.
We have highlighted some of the businesses that cannot be registered as a Business Name.
While you can register most businesses as a business name and later upgrade to a company. Consult a CAC-accredited agent to help you know if your business can be registered under a particular structure. Know the structure of the business you intend to register, the minimum share capital required for registration and the regulatory compliances needed.
By Fathenso Professional Services
The information in this blog post is provided for general information purposes only.