elyonchee:
A company is a body corporate, capable of suing or sue in it's name, has a perpetual succession and can own assets in it's names. Can borrow or lend in it's name. It's legal rights and obligations separates it from it's members such as shareholders and directors of the company.
A company enters into contracts in it's own name. For example Contract Agreement Between Abia State Government and Okay Services Limited.
You can see the company was able to enter into a contract with government in it's name.
This is one of the legal structures in a company, that makes it unique from a business name. A business name can't enter into a contract in it's name. Infact, it the sole proprietor or proprietors that enters into contracts. Business name is good, but company LTD is better.
But for now, if you can afford to register a business name please do.
For your company ltd, business name or incorporated trustee registration or any post incorporation stuffs. WhatsApp or call me on 08117409752.