Question: How Do I Upgrade From Business Name To Limited Liability Company?

Ohi Igbinoba, Benin City

Answer: Entities that wish to convert from Business Name to Limited Liability Company have the option of dissolving the Business Name and registering the same name as a Limited Liability Company. The problem, however, is that the Corporate Affairs Commission (CAC) cannot guarantee that the same name would be approved for the purpose of incorporating a limited liability company.

To upgrade a Business Name to a Limited Liability Company, you are required to do the following:

Click here to continue reading