11/02/2026
we are kicking off the year with good news 💃💃💃💃💃
our client successfully converted their brand from business name to limited liability company and we glad we helped them make this dream a reality
Why Switch from. business name to a Limited Company Under the New Tax Law?
let’s get into it,
If you’re a business owner in Nigeria, you might be wondering if switching to a limited company is a good idea.
for me i believe this is one of the smartest move any business owner can make as the year is wrapping up , because;
📌with LLC your personal assets are protected:
With a limited company, your personal assets like your home and car are safe. If your business gets into trouble, creditors can’t touch your personal belongings.
📌Tax Exemptions with the introduction of the new tax laws to begin implementation by january 1 2026
If your company’s turnover is ₦100 million or less and your fixed assets are ₦250 million or less, you might be exempt from some taxes. If you ask me That’s a big advantage.
this will also give you the opportunity to plan your income in a way that saves you tax. You can also distribute income to shareholders in a tax friendly way.
📌Access to More Incentives
The new tax law offers incentives to companies in certain sectors. As a limited company, you might be eligible for these benefits.
📌Easy Ownership Transfer
With a limited company, it’s easier to transfer ownership or pass on the business to others. You can sell shares, transfer them, or restructure the company without hassle.
So,
If you’re looking to protect your assets, save on taxes, and grow your business, switching to a limited company might be the smartest idea. It’s worth considering, especially with the new tax law in place.
need help ? converting your brand from business name to limited liability company?
click on the link in bio or send. dm
