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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) Contact us: Call/WhatsApp: +234 705 689 8048, +234 815 077 5328 Email Address: [email protected] Website: https://tosjohnconsulting.com