₦airaland Forum

For the benefit of those asking the meaning and difference between Business names and Limited Liability companies...

Read the adequate information on the subject matter.

It's a must-read for every Entrepreneur & Business Owner.

Business name:


Explanation; A Business Name means the name and style under which a business is carried on. A Business Name may be a Sole Proprietorship or a Partnership. It is a Sole Proprietorship if it is carried on by an Individual or a Corporate Body solely. It is a Partnership if it is carried on by two or more Individuals or Corporate Bodies or a combination of Individuals and Corporate Bodies. A Business Name does not enjoy a legal personality. It is not separate from the proprietor or partners for liability. The liability of the proprietor or partners in a Business Name is not limited.

Limited Liability Company:

Explanation; A Company is a business arrangement that enjoys legal personality. It is a corporate body and separate from its members (owners). The liabilities of members (owners) of a Company may be limited by shares or guarantee or unlimited. A Company may be public or private. The name of a Company must end with the word “Limited” or “Limited by Guarantee” or “Unlimited” or their abbreviations (“Ltd or PLC” or “Unltd” or “Ltd/Gte”)

(Company name registration with #1,000,000 shares is #50,000, and the higher the shares, the higher the prince to register it)

We are the faster Accredited CAC Registration Agency in Nigeria

Get complete business packaging with a trusted agency today.

Still on

Contact me through my signature below.

Register your business today and wait for Opportunities is better than seeing Opportunities without registered business. Because they will asked for your CAC Registration Number and Status Report

Contact me now and stay ahead of others