{"id":46009,"date":"2023-10-19T23:24:37","date_gmt":"2023-10-19T23:24:37","guid":{"rendered":"https:\/\/www.msmehub.org\/?p=46009"},"modified":"2023-10-19T23:24:56","modified_gmt":"2023-10-19T23:24:56","slug":"converting-a-business-name-to-a-ltd-or-plc","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/converting-a-business-name-to-a-ltd-or-plc\/","title":{"rendered":"Converting a Business Name to a LTD or PLC?"},"content":{"rendered":"\n<p>A lot of people might have wondered if a business name can be converted to an <a href=\"https:\/\/nairametrics.com\/2019\/07\/29\/difference-plc-ltd\/\">Limited Liability Company (LTD)<\/a> or Public Limited Company (PLC), possibly for reasons of expansion in the future.<\/p>\n\n\n\n<p>The answer is Yes! You can convert a business name to an LTD or a PLC.<\/p>\n\n\n\n<p>Converting your business name to a company is like re-registering a new business. Hence, you need to do the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Show proof of ownership that the <a href=\"https:\/\/msmehub.org\/staging\/6671\/business-ownership-in-nigeria\/\">business <\/a><a href=\"https:\/\/msmehub.org\/staging\/6671\/growing-your-business-with-data\/\">enterprise<\/a> belongs to you.<\/li>\n\n\n\n<li>Search to know if the preferred name for your proposed company is available.<\/li>\n\n\n\n<li>Write a formal application to the Registrar General of the Corporate Affairs Commission (CAC) seeking consent to convert with payment of consent fee.<\/li>\n\n\n\n<li>Upon the grant of consent, you can now commence your registration and payment of the necessary application fees.<\/li>\n<\/ul>\n\n\n\n<p>To read more on converting a to a LTD or PLC,\u00a0<strong><a href=\"https:\/\/resources.diylaw.ng\/converting-business-name-limited-liability-company\/\">see this<\/a><\/strong><\/p>\n\n\n\n<p>Upon completion of the whole process, a Company Certificate is issued by CAC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot of people might have wondered if a business name can be converted to an Limited Liability Company (LTD) or Public Limited Company (PLC), possibly for reasons of expansion in the future. The answer is Yes! You can convert a business name to an LTD or a PLC. Converting your business name to a company is like re-registering a new business. Hence, you need to do the following: To read more on converting a to a LTD or PLC,\u00a0see this Upon completion of the whole process, a Company Certificate is issued by CAC.<\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[311,309,313],"tags":[392,550,1685,1683,415,1684,551,600],"class_list":["post-46009","post","type-post","status-publish","format-standard","hentry","category-choosing-your-business-structure","category-registering-your-business-in-nigeria","category-regulatory-requirements","tag-entrepreneurs","tag-entrepreneurship","tag-limited-liability-company","tag-ltd-or-plc","tag-msmes","tag-public-limited-company","tag-small-businesses","tag-startups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Converting a Business Name to a LTD or PLC?<\/title>\n<meta name=\"description\" content=\"Converting your business name to a LTD or PLC is like re-registering a new business. 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