A lot of people might have wondered if a business name can be converted to a LTD or PLC possibly for reasons of expansion in the future.
The answer is Yes! You can convert a business name to a LTD or a PLC.
Converting your Business Name to a Company is like re-registering a new business. Hence, you need to do the following:
- Show proof of ownership that the business enterprise belongs to you.
- Search to know if the preferred name for your proposed company is available.
- Write a formal application to the Registrar General of CAC seeking consent to convert with payment of consent fee.
- Upon the grant of consent, you can now commence your registration and payment of the necessary application fees.
To read more on converting a business name, see this
Upon completion of the whole process, a Company Certificate is then issued by CAC.
NOTE: It’s advisable to seek the services of an expert who will advise accordingly and also ensure a seamless process of the conversion. Engage with a lawyer here