LIST OF ALL BUSINESS TYPES REGISTERED WITH CAC IN NIGERIA

Описание: Below is a clear, complete, and easy-to-understand list of all business types registered with the Corporate Affairs Commission (CAC) in Nigeria, along with explanations and practical examples for each.

✅ 1. Business Name (BN)
Also called Enterprise or Venture, this is the simplest and cheapest form of registration.
Explanation:
 Owned by a single person (Sole Proprietor) or by partners.
 No separate legal identity from the owner(s).
 Low compliance requirements.
 Suitable for small and medium businesses.
Examples:
 Tosin Fashion House
 SwiftRide Logistics Enterprise
 Goodnews Barbing Salon
 GreenBowl Foods & Catering Services
 Prime POS Services

✅ 2. Private Company Limited by Shares (Ltd)
This is the most common type of company registration.
Explanation:
 Owners (shareholders) are only liable to the extent of their shares.
 The company has a separate legal identity.
 Good for businesses that want to grow, access loans, or work with large organisations.
 Minimum of 1 shareholder (up to 50).
Examples:
 BlueTech Innovations Ltd
 PrimeBuild Construction Ltd
 Evergreen Real Estate Development Ltd
 OceanWave Oil & Gas Services Ltd

✅ 3. Public Company Limited by Shares (PLC)
A large-scale company that can offer shares to the public.
Explanation:
 Allows raising funds from investors or listing on the stock exchange.
 Higher regulatory requirements.
 Must have at least 2 directors.
Examples:
 Dangote Cement Plc
 MTN Nigeria Plc
 Access Holdings Plc
(These are existing examples to illustrate the type.)

✅ 4. Company Limited by Guarantee (LTD/GTE)
Used primarily for non-profit organisations.
Explanation:
 No share capital.
 Does not distribute profits to members.
 Requires approval of the Attorney General of the Federation.
 Ideal for NGOs and similar organisations that promote public good.
Examples:
 HopeForAll Foundation LTD/GTE
 Youth Skills Development Initiative LTD/GTE
 CleanEarth Environmental Foundation LTD/GTE

✅ 5. Unlimited Company (UNLTD)
A company where the liability of shareholders is unlimited.
Explanation:
 Members are personally liable for company debts.
 Rare in Nigeria.
 Used by businesses that require a high level of confidentiality and flexibility.
Examples:
 Apex Capital Unlimited
 GoldTrust Investment Unlimited

✅ 6. Incorporated Trustees (IT)
For organisations set up for religious, cultural, social, or charitable purposes.
Explanation:
 Managed by a board of trustees.
 Non-profit in nature.
 Has its own legal identity.
 Suitable for associations, religious bodies, clubs, and communities.
Examples:
 Redeemed Faith Outreach Ministry (Incorporated Trustees)
 Association of Young Entrepreneurs (Incorporated Trustees)
 Elite Social Club of Nigeria (Incorporated Trustees)
 Community Development Association (CDA)


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