When registering a business name with the Corporate Affairs Commission (CAC), it's essential to choose the right type of business structure that aligns with your goals and operations. The CAC in Nigeria recognizes various business structures, each with its characteristics and implications. Here are some types of business structures you can register under a business name with the CAC:

1. **SOLE PROPRIETORSHIP:**
*Description:* A business owned and operated by a single individual.
*Advantages:* Simple to set up, full control by the owner, and minimal regulatory requirements.
-*Considerations:* Personal liability for business debts.

2. **PARTNERSHIP:**
*Description:* A business owned and managed by two or more individuals.
*Advantages:* Shared responsibilities, diverse skills, and resources.
*Considerations:* Partners share profits and liabilities.

3. **LIMITED LIABILITY COMPANY (LLC):**
*Description:* A legal entity separate from its owners (shareholders).
*Advantages:* Limited liability for owners, flexibility in management, and easier transfer of ownership.
*Considerations:* Compliance with more regulatory requirements.

4. **COMPANY LIMITED BY GUARANTEE:**
*Description:* Typically used by non-profit organizations or associations.
*Advantages:* Limited by guarantee, not shares; often used for charitable purposes.
*Considerations:* Not suitable for profit-driven ventures.

5. **INCORPORATED TRUSTEES:**
*Description:* Suitable for religious, educational, or charitable purposes.
*Advantages:* Perpetual succession and limited liability.
*Considerations:* Stringent regulatory compliance for non-profit activities.

I hope you learn something, if you have any questions, DM to talk.
Contact us for registration 08179368138
#cacregistration
#LegalServicesDay
#corporateaffairs