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If a company is limited by shares it means that the liability of the shareholders to the creditors of the company is limited to the capital originally invested. Therefore, a shareholder’s personal property will not be used to pay the company’s debt. Private company limited
An unlimited company is a company which has no limit on the liability of its members. The company takes the benefits of incorporation but the members of the company do not have the full benefits of separate legal entity in terms of limitation of liability
Until recently, the Corporate Affairs Commission (CAC) did not upgrade Business Name to Company. People who wished to use their Business name to register a company had an option of dissolving their Business Name and using the name to incorporate a company. But then CAC
Specific information to be provided for incorporation of company include: Name – The proposed name and alternative name of the company This will be used for the availability search. Address of registered office – This should be an address other than a post box or