What are the types of companies in Nigeria?

There are various types of companies in Nigeria. The most common among these are:

1. Limited Company: The most common type of company, the limited company, is a type of company with limited liability. Such companies are authorized to issue shares and the financial liability of the partners is limited to the capital they invest.

2. Limited Company Guarantee (Company Limited by Guarantee): This type of companies is a structure used for non-profit organizations. The financial liability of the partners is limited to a certain amount of guarantee.

3. Public Company: Public companies, also known as public companies, offer their shares to the public and are generally large-scale companies. Such companies are subject to certain regulations because they are publicly traded.

4. Trade and Business Company (Business Name): These types of companies are small businesses owned by a single person or partnerships. Trading and operating companies do not protect the personal wealth of their owners from the debts of the business.

5. Foreign Company: Foreign companies are foreign companies that carry out commercial activities in Nigeria. Such companies may open representative or branch offices in Nigeria. These are just some examples and more types of companies can be found in Nigeria. The choice of company type may vary depending on many factors such as the size of the business, its field of activity, financial situation and goals.