As we are entering the promising year of 2025, entrepreneurs and business owners in Nigeria are gearing up to launch their ventures or expand their existing ones. Amidst the excitement and anticipation, it is crucial to ensure that the foundation of your business is solid, and one critical aspect of this foundation is registration. In Nigeria, registering a business can be a daunting task, especially when it comes to choosing the right structure. Two popular options for non-profit organizations and social enterprises are registering as an Incorporated Trustee or a Company LTD by Guarantee. While both options provide a level of legitimacy and recognition, they serve distinct purposes and have different characteristics. In this article, we will delve into the details of registering an Incorporated Trustee versus a Company LTD by Guarantee, highlighting the key differences, benefits, and implications of each option. REGISTERING AN INCORPORATED TRUSTEE: An Incorporated Trustee is a legal e...
OLAKANMI .S. FALADE & CO
(Zion Chambers)