Sole Proprietorship
A sole proprietorship is the simplest and most common type of business incorporation. It is owned and operated by one person who has complete control over the business. The owner is personally responsible for all debts and liabilities of the business. This means that if the business incurs debt or is sued, the owner's personal assets may be at risk.
Partnership
A partnership is a business incorporation that is owned and operated by two or more people. In a partnership, the partners share profits and losses equally, unless otherwise specified in a partnership agreement. Each partner is personally responsible for all debts and liabilities of the business, just like a sole proprietorship.
Limited Liability Company (LLC)
A limited liability company (LLC) is a hybrid incorporation that combines the advantages of a corporation and a partnership. An LLC provides limited liability protection to its owners, like a corporation, and business ownership can be easily transferred to someone else.

It ensures that your business is recognized by the government and also protects your brand from infringement.
It also gives you access to several benefits such as
- Opening a corporate bank account
- Legal recognition,
- Customer credibility,
- Access to business and funding opportunities
- Access to Loans and Grants
- Convenience to doing business with partners without worry

The best way to legally structure your business is as a Limited LiabilityCompany. It is better than as an enterprise or a business name as it offers you more legal protection, sustainability and you can do much more with it than with a business name.

First, register it with the Corporate Affairs Commissions and then with any other relevant authority depending on the nature of your business.
You can also protect and secure the name of your business by filing for trademark registration.

You would be left with no other choice but to choose a different and a unique name for your business. You can also tweak the name so that it is significantly different from the other existing names.

CAC public directory allows you to check for the availability of your proposed business name.

Yes, you can always upgrade your business name anytime in the future to a Limited Liability Company.

- A valid means of identification- (CAC only accepts NIN as a valid means of identification)
- A passport Photograph
- Business information
- Personal Information

1. Sole Proprietorship or Business Name: 3 – 7 Working Days
2. Partnership: 3 – 7 Working Days
3. Limited Liability Company: 3 - 7 Working Days
4. Limited by Guarantee: 24 weeks
5. Incorporated Trustees (For non-profit making Organizations): 45 – 60 Working Days
6. Annual Returns Filing: 10 – 15 Working Days
7. Upgrade of Business Name to Limited Liability Company: 10 – 20 Working Days
8. Trademark Registration: 12 – 16 weeks

Sole proprietorship/Partnership
Deliverables:
1. Certificate of incorporation
2. Certified true copy of Application Form

Limited Liability Company
Deliverables:
1. Certificate of incorporation
2. Certified true copy of MEMART (Memorandum of Association and Article of
Association)
3. Tax Identification Number

Incorporated Trustees
Deliverables:
1. Certificate of incorporation
2. Certified true copy of the Association Constitution (CTC)
3. 2 copies of newspaper publication (soft copy inclusive)
4. CTC of Application form

All Documents will be sent digitally via email and any other preferred official social Platforms so that you can always have access to them from anywhere at any time.

We accept an 80% deposit up front and completion of fee after completion of all deliverables. You can pay via the payment link provided using your debit or credit card.
Or you can transfer to:
In-Charge Solutions Limited
First Bank (Current Account)
2033112873
And forward proof of payment to our official line: 09011524916

The Registration Certificate does not expire neither is it renewable every year. As long as you are in business your Certificate remains valid.However, your company may be deactivated from the company registration portal if you do not file your annual returns with the CAC as at when due.
I am still not sure of the right business structure for my business or organization.
Need not to worry about it, that’s very common! You can chat or call our Business Consultant on whatsApp via 09011524916 or click this link wa.me/2349011524916 to chat with us