Forms Of Businesses

An investor who intends to commence any business must first make a decision on the form of business in which to operate.

In Nigeria, there are two main forms a business can take. The business could either take the form of a registered business name or an incorporated company.

The Companies and Allied Matters Act 1990 ("CAMA") provides for the processes and procedures for registration of these forms of business.

1. A REGISTERED BUSINESS NAME

A Business Name is registered under Part B of CAMA. Businesses registered under this Part are normally Sole Proprietorships and ordinary Partnerships.

Registration Procedure For A Business Name

Step A: Reservation of Name

This is the first step prior to the registration of a Business Name in Nigeria.