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You give your business a unique identity recognized by law. It also gives a professional image.
If your Business is registered as a private Liability, you don’t need to repay loan with your personal properties.
You get access to financial opportunities such as business grants and loans.
A section of this Company and Allied Matters Act (CAMA 2020) criminalizes operating an unregistered business in the country.
This is Suitable for not-for-profit and non-government organization.
Unlike limited partners, a Limited Liability Partnership has a separate legal entity under the law.
Company name is suitable for organisation limited by shares. It forms and operate as a different entity from the owners
A business name, also known as a trading name, is a name or title under which a person, or other legal entity, trades.
This is suitable for sole proprietors or a personal brand.
A partnership firm has no separate legal status apart from its partners. The purpose of the limited partnership is to allow individuals to organize into an entity form, but are only liable up to the amount of their investment.