06/04/2026
Did you know that you can upgrade your Business Name (BN) to a Limited Liability Company (LLC)?
Yes, you can upgrade your BN to a standard company, thereby enabling it to bear LTD or Limited in front of the name.
Only companies are authorized to use the LTD designation, which is not available to BNs.
You may consider upgrading, particularly when your business is expanding.
The process is straightforward and simple.
To upgrade from a Business Name to a Limited Liability Company, the following requirements must be met:
1) Your BN must have filed up-to-date annual returns, which is the initial step.
2) Name of Company
3) Your nin
4) Signature
5) Services offered by the Company
6) Office address(street name, no, lga, city & state)
7) Home address(street name, no, lga, city & state)
8) Date of Birth
9) Your email & Company email (if you have Company email)
10) Phone number
11) An authorization letter from the owner is required, which is typically drafted with the assistance of an accredited agent.
12) If you plan to have more than one director, you must provide the names and means of identification of the directors.
Your upgrade will be completed in less than seven days, and your certificate will be available for download on the CAC portal.
In addition to your new CAC certificate bearing your new name/upgrade, you will also have access to the following documents:
Memorandum of Association (Memart) and
Status Report.
Talk to us at Infomediang Business Solutions 😊
